250 S CHERRY Alley, Elizabethtown, PA 17022

Building Details

Year built

1960

Building materials

Brick, Masonry

Listing agent Joshua Miller License #RS365967 Show Phone

Listing office Bennett Williams Realty, Inc. b***@bennettwilliams.com 3528 Concord Road, York, PA Show Phone

Listing date Jan 28, 2025

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MLS# PALA2063494

Copyright © 2026 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.

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Overview

This freestanding restaurant building totals approximately 2,683 square feet and includes about 1,300 square feet that could support a partial owner-occupant or an additional tenant. The property is described as well maintained, and it received a new roof and sealant in 2022, with a 10-year warranty provided. The tenant arrangement is in place under a triple net lease structure, with a stated 10% rent increase after the initial term.

The building is located at 250 S. Cherry Alley in Elizabethtown, Pennsylvania. The property is zoned for Central Business District use. It is anchored by Papa John’s Pizza under a renewed five-year lease that includes two additional five-year options.

For buyers or operators seeking a freestanding, NNN-style restaurant asset with a secured tenant base, this offering provides an on-site configuration that can accommodate a primary tenant while leaving space that may be suitable for an owner-occupant or a future add-on tenant. Prospective tenants and investors should review lease terms and the triple net obligations, including the scheduled rent increase after the initial term, as part of their underwriting and due diligence.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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?

Conventional restaurant - Freestanding restaurant building with recent roof work and a Papa John’s anchor tenant under a renewed long-term lease.

Where is this conventional restaurant located?

The property is located at 250 S CHERRY Alley Elizabethtown, PA.

What is the asking price?

The asking price for this property is $389,500.

What are key features of this property?

This property features: Strong Papa John's tenant with renewed five‑year lease and two five‑year options, providing stable income.; Freestanding building in Elizabethtown, Lancaster County, a rare find at this price point.; New roof and sealant installed in 2022 with a 10‑year warranty.