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Property profile & analytics
OFF-MARKET Estimated value $900,000
Retail space

878 Main St Ephrata, PA 17522-2562

9,002 SF 0.91 ac lot Built 1880
Individually Owned 12-yr Hold ~ Est. High Equity
Property ID
US73-1369227
Property summary
AI-generated overview

This exceptional 2.69-acre mixed-use property in Ephrata, PA, presents a unique investment opportunity. Located at 878 E Main Street, this site boasts a prime location with excellent visibility and high traffic counts – 22,000 vehicles daily on East Main Street (Route 322) and 44,000 on US Route 222. The property encompasses a total of 12,842 square feet of existing buildings, offering immediate income potential and redevelopment possibilities. Currently, the property includes 5,000 square feet of retail space featuring a showroom, office, and restrooms. An attached 2,200-square-foot shop/garage with an overhead door provides ample workspace. A detached 1,800-square-foot, five-bedroom single-family home is currently rented, generating additional income. Furthermore, a 1,920-square-foot detached block building with a garage and a separate 1,400-square-foot garage are also included. Ample parking is available on the site. This property is ideal for a variety of uses, offering the potential for expansion, redevelopment, or continued operation of the existing businesses. Given its size, location, and existing structures, this is a rare opportunity in Ephrata's thriving commercial market. The asking price is $2,500,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1880
Construction FRAME
Total area 9,002 SF
Lot 0.91 ac (39,640 SF)
Zoning code C-2
APN 270-97040-0-0000
UPID US73-1369227
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ephrata Cycle and Sports Motorcycle Shop
  • Honda Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$900k
Owner & transaction history
Charles T Aughinbaugh · 12 yrs held
Charles T Aughinbaugh
since 2014
2 recorded transactions
2014
$667,788
2007
Price N/A
Zoning & alternative use
C-2 · Ephrata, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.5M +40.5%
Warehouse, storage $1.1M +7.2%
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