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    250 S Cherry Aly Elizabethtown, PA 17022

    For Sale
    $395,000

    Commercial Sale - ELIZABETHTOWN, PA

    Type:Retail
    Lot size:
    0.16 Acres
    Days on Market:
    143
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 250 S Cherry Aly

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking
    8
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Building materials
    Brick, Masonry

    Bennett Williams Realty, Inc. (717) 843-5555 [email protected]

    Listing agent Joshua Miller (717) 383-6647 License #RS365967

    Listing date Jul 24, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Freestanding Building in Elizabethtown, PA

    Located at 250 S. Cherry Alley in Elizabethtown, PA, this investment opportunity features a freestanding building of approximately 2,683 square feet. The property includes 8 private parking spaces. A new roof and sealant were installed in 2022 with a 10-year warranty. Currently, the property hosts Papa John's Pizza under a renewed five-year lease with two additional five-year options. Zoned for Central Business District use, this property operates under a triple net lease structure, with a 10% rent increase following the initial term. The property is situated on a lot of 0.16 acres in Lancaster County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NNN retail properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethtown
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.60291
    Latitude
    40.14792

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    FAQs

    What type of property is this?
    NNN retail property - Freestanding building with renewed lease and parking in Elizabethtown.
    Where is this nnn retail property located?
    The property is located at 250 S Cherry Aly Elizabethtown, PA.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: - Stable income stream with Papa John's Pizza as tenant under a renewed five-year lease with two additional five-year options.; - Triple net lease structure, providing a passive investment with minimal landlord responsibilities.; - New roof and sealant installed in 2022 with a 10-year warranty, reducing near-term maintenance costs.
    (717) 383-6647
    Request Owner's contact information
    250 S Cherry Aly Elizabethtown, PA 17022
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    250 S Cherry Aly Elizabethtown, PA 17022
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