Warehouse with Paved
1980 Old Philadelphia Pike, Lancaster, PA 17602
For Sale
New
Contact for pricing
C-1 zoning allows a range of commercial uses, including enclosed contractor storage, office, retail, and self-storage.
Property Size24,724 SF
Lot Size3.15 Acres
Price / SF$159.76
Days on Market6
Property Features for 1980 Old Philadelphia Pike
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Outdoor Storage
Utilities to Site
Additional Details
Warehouse Space
Property Use
Building Details
Year Built
Buildings
Building Size
Construction
Listing Agency:
Davison Associates
Listed By:
Brian Davison, CCIM SIOR · License PA RB069617
(717) 380-9257
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 3:33PM
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 Davison Associates
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Investment Insights
Based on property information with market context.
The warehouse contains 24,724 ± square feet on an approximately 3.15-acre property. Built in 1955, the building has masonry construction, 12-foot wall heights, and multiple overhead and dock doors. Public water and sewer serve the site, which also includes extensive paved area for parking, vehicle staging, and maneuvering.
Old Philadelphia Pike provides the property’s address, with U.S. Route 30 and its interchange nearby. The site is in East Lampeter Township’s Neighborhood Commercial (C-1) zoning district. Permitted uses include office, retail, self-storage, and contractor storage within an enclosed building, along with other commercial applications.
Old Philadelphia Pike provides the property’s address, with U.S. Route 30 and its interchange nearby. The site is in East Lampeter Township’s Neighborhood Commercial (C-1) zoning district. Permitted uses include office, retail, self-storage, and contractor storage within an enclosed building, along with other commercial applications.
Key Highlights
- 24,724 ± square foot warehouse on approximately 3.15 acres
- Masonry building constructed in 1955, with 12‑foot wall heights
- Multiple overhead and dock doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$307,072
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,141,440
$6.1M
Cap Rate 7%
$4,386,743
$4.4M
Cap Rate 9%
$3,411,911
$3.4M
Market Conditions
NOI Build-Up for 24,724 SF
Gross rent
$534.0K $21.60/SF
− Vacancy
−$42.7K −$1.73/SF
EGI
$491.3K $19.87/SF
− OpEx
−$184.2K −$7.45/SF
NOI
$307.1K $12.42/SF
Area
Lancaster County, PA
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,141,440
Cap Rate 7%
$4,386,743
Cap Rate 9%
$3,411,911
Alternative Uses
Best Use
Mixed Use
$4.39M
$3.84M – $5.12M
NOI $307,072 @ 7.0% cap · market cap 7.77%
Second Best
Warehouse
$2.39M
$2.09M – $2.79M
NOI $167,204 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$8.29M
$7.25M – $9.67M
NOI $579,961 @ 7.0% cap · market cap 14.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 17602, PA
52,665
Population
19,472
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
24.6 sq mi
ZIP Area
2,141
Density / Sq Mi
$71,752
Median Household Income
$38,469
Median Earnings
$1,272
Median Rent
$250,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Lancaster County, PA
Properties on Market for Warehouses in Lancaster County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- East Towne Self Storage — 2108 Lincoln Hwy E, Lancaster, PA 17602
- Storage Sense - Lancaster — 1813 Old Philadelphia Pike, Lancaster, PA 17602
- Premier Self Storage at Greenfield — 170 Independence Ct, Lancaster, PA 17601
Frequently Asked Questions
What type of property is this?
Warehouse - C-1 zoning allows a range of commercial uses, including enclosed contractor storage, office, retail, and self-storage.
Where is this warehouse located?
The property is located at 1980 Old Philadelphia Pike Lancaster, PA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 24,724 ± square foot warehouse on approximately 3.15 acres; Masonry building constructed in 1955, with 12‑foot wall heights; Multiple overhead and dock doors
