2822 Main StMorgantown, PA 19543
- Retail properties
- 3,577 SF
Property Details for 2822 Main St
- Year built
- 1974
- Construction
- BRICK
- Lot size
- 3.80 AC
- Property size (Sq ft)
- 3,577 SF
- Zone code
- HCLI
- Property type
- Retail properties
- Property subtype
- Banks
- APN
- 050-70479-0-0000
- APU
- 507047900000
Description
This 6,400 square foot, two-story office building is situated on a 3.8-acre lot at 2822 Main Street in Morgantown, Pennsylvania (19543). Built in 1974, this Class C property offers excellent visibility and accessibility, located along the busy PA Route 23 corridor. Its strategic location provides easy access to Lancaster, Berks, and Chester Counties via major roadways including the PA Turnpike (2 miles west of the Morgantown exit) and PA Route 176. The property is zoned HWY Commercial/Light Industrial, making it ideal for a variety of uses. The former bank building presents an opportunity for an owner-user to leverage the existing structure and ample flat land for potential expansion or redevelopment. Concept drawings for the site are available. The high traffic volume (20,000 vehicles per day) on PA Route 23 ensures significant visibility. The township's business-friendly zoning and municipal environment further enhance the property's appeal. The asking price is $1,450,000, translating to $226.56 per square foot. The property's APN is 050-70479-0-0000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $811,602
- 6.5%
- $749,171
- 7%
- $695,659
-
Comparable approach
- Method
- Valuation
- Relative Method
- $691,192
- Geo Method
- $1,177,774
-
Alternative Use
- Use
- Valuation
- Residential
- $631,954
- Hospitality
- $578,866
- Educational
- $481,610
- Medical
- $498,173
- Retail
- $749,171
Location Insight
- City
- Morgantown
- County
- Lancaster
- State
- Pennsylvania
- Latitude
- 40.1508
- Longitude
- -75.9032
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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