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    864 Route 41 Gap, PA 17527

    For Sale
    $849,900

    Three-unit income property, high visibility

    Property size:
    3,138 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property at 864 Route 41, Gap, PA, presents a unique investment opportunity with three income-generating spaces on a 1.25-acre lot. The property totals 3,138 square feet and comprises two separate units within a duplex (862 and 864 Route 41) and a freestanding retail building (868 Route 41). The duplex units are currently tenant-occupied, generating consistent rental income. Unit 864, occupied by The Hair Review, features an open main floor with two separate rooms and a bathroom, plus a second-floor storage area. Heating is provided by propane, and cooling is via window air conditioning units. The current rent for this unit is $750 per month. Unit 862 boasts a spacious laundry/mudroom, eat-in kitchen, dining room, and living room, along with two bedrooms and a full bath upstairs. Electric baseboard heating and window air conditioning units serve this unit, currently renting for $1100 per month. The third building, 868 Route 41, formerly housing The Village Arms and Trop Gun Shop, offers approximately 3000 square feet of retail space. This well-maintained building features an open layout with 14-foot ceilings in the main area, providing ample flexibility for various retail uses. A 14-foot elevated floor at the south end, accessible via a 4-foot entry door, leads to a convenient loading dock. This property's high visibility and multiple income streams make it an attractive investment prospect in a desirable location. The asking price is $849,900.

    Property Features for 864 Route 41

    General Information

    Property type
    Retail properties
    Square Feet
    3,138 SF
    Lot Size
    54,450 SF

    Building Details

    Year Built
    1792
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gap
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.01835
    Latitude
    39.98628

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    FAQs

    What type of property is this?
    Retail property - Three-unit income property, high visibility
    Where is this retail property located?
    The property is located at 864 Route 41 Gap, PA.
    What is the asking price?
    The asking price for this property is $849,900.
    (717) 442-4134
    Request Owner's contact information
    864 Route 41 Gap, PA 17527
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    Gap, PA 17527
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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
    864 Route 41 Gap, PA 17527
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