Wedding Venue with Event
For Sale
$2,599,000
1032 Buchanan Trail East, Greencastle, PA 17225
Community Commercial zoning supports event, residential, storage, restaurant, retail, and professional office uses.
Property Size12,600 SF
Price / SF$206.27
Days on Market51
Property Features for 1032 Buchanan Trail East
General Information
Standard status
Active
Size
12,600 SF
Building Details
Year Built
1900
Listing Agency:
Hurley Real Estate & Auctions
Listed By:
Kaleb M Hurley
(717) 597-9100
Source:
Localrealestateleaders
Added: Aug 25
Changed: Oct 5
Last Checked: Oct 7 at 5:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hurley Real Estate & Auctions
Investment Insights
Based on property information with market context.
This 42+ acre Community Commercial property includes an established wedding and event venue, a renovated dairy barn with original hardwood floors, modern amenities, and extensive decking. The grounds feature landscaped gardens, water features, a pergola, walkways, and mountain views. Improvements also include a 4BR farmhouse, garage, and more than 2 acres of paved parking, along with event equipment, marketing assets, vendor lists, a website, and transferable event contracts where applicable.
The property is located at 1032 Buchanan Trail East near Route 16 and I-81 PA Exit 5. Public sewer is available, and the zoning supports event centers, townhomes, single-family and multifamily housing, self-storage, restaurants, retail, and professional offices.
The property is located at 1032 Buchanan Trail East near Route 16 and I-81 PA Exit 5. Public sewer is available, and the zoning supports event centers, townhomes, single-family and multifamily housing, self-storage, restaurants, retail, and professional offices.
Key Highlights
- 42+ acres zoned Community Commercial
- Renovated dairy barn with original hardwood floors, modern amenities, and extensive decking
- Established event venue with gardens, water features, pergola, walkways, and mountain views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,740
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,800
$2.5M
Cap Rate 7%
$1,782,000
$1.8M
Cap Rate 9%
$1,386,000
$1.4M
Market Conditions
NOI Build-Up for 12,600 SF
Gross rent
$226.8K $18.00/SF
− Vacancy
−$27.2K −$2.16/SF
EGI
$199.6K $15.84/SF
− OpEx
−$74.8K −$5.94/SF
NOI
$124.7K $9.90/SF
Area
Franklin County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,800
Cap Rate 7%
$1,782,000
Cap Rate 9%
$1,386,000
Alternative Uses
Best Use
Mixed Use
$1.78M
$1.56M – $2.08M
NOI $124,740 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.06M
$2.67M – $3.56M
NOI $213,857 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 17225, PA
20,199
Population
8,132
Households
2.5
Avg Household Size
42
Median Age
25%
College-Educated
92%
High-School Grad
81.8 sq mi
ZIP Area
247
Density / Sq Mi
$87,245
Median Household Income
$46,317
Median Earnings
$969
Median Rent
$266,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Wedding venue - Community Commercial zoning supports event, residential, storage, restaurant, retail, and professional office uses.
Where is this wedding venue located?
The property is located at 1032 Buchanan Trail East Greencastle, PA.
What is the asking price?
The asking price for this property is $2,599,000.
What are key features of this property?
This property features: 42+ acres zoned Community Commercial; Renovated dairy barn with original hardwood floors, modern amenities, and extensive decking; Established event venue with gardens, water features, pergola, walkways, and mountain views
