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    Restaurant Space with Outdoor Seating Title is generated by Realmo AI

    2339 Oregon Pike, Lancaster, PA 17601

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    Restaurant space with outdoor seating and strong Route 272 visibility near major regional corridors.

    Type:RETAIL
    Property size:
    3,836 SF
    Added:
    Jun 2, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 5 at 1:45 am

    Property Features for 2339 Oregon Pike

    General Information

    Standard status
    Active
    Size
    3,836 SF
    Property subtype
    RETAIL

    Spaces For Lease

    at 2339 Oregon Pike Contact us

    We can help!

    Listing Contact
    Arlene Gray
    Arlene Gray

    Listing agent Arlene Gray

    Listing office Paramount Realty Services, Inc.

    Listing date Jun 2, 2026

    Source Moodyscre

    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 Paramount Realty Services, Inc.

    HighLights

    • 3,836 SF restaurant space with outdoor seating
    • Positioned in a highly coveted area of Lancaster County
    • Easy access to major regional arteries, including Routes 30 and 222
    • Strong tenant lineup in the immediate area includes CVS Pharmacy, Fine Wine & Good Spirits, and Turkey Hill
    • Visibility along Route 272 with daily traffic count exceeding 18,000 vehicles

    Overview

    This offering features a 3,836 SF restaurant space with outdoor seating, designed to support both casual dining and foot-traffic-driven demand. The layout is presented for restaurant use, with the outdoor seating component positioned to extend the guest experience beyond the interior dining area.

    Located at 2339 Oregon Pike in Lancaster, the property benefits from connectivity to major regional arteries, including Routes 30 and 222. Visibility along Route 272 is supported by a stated daily traffic count exceeding 18,000 vehicles, helping the center maintain consistent exposure. The immediate tenant lineup includes well-known operators such as CVS Pharmacy, Fine Wine & Good Spirits, and Turkey Hill.

    For prospective tenants, this space is a practical fit for restaurant concepts seeking a visible storefront environment with outdoor seating. The surrounding retail and daily-errand draw created by established anchors can support steady consumer activity, while the convenient roadway connections make it easier for guests to access the site from across the region.
    Location Intelligence

    Current Use by Public Records

    Turkey Hill Grocery & Convenience Store Bitcoin Depot - Bitcoin ... Crypto Atm Redbox Cinema Western Union Bank Coin Cloud Bitcoin ... Atm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.283761
    Latitude
    40.088262

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    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant space with outdoor seating and strong Route 272 visibility near major regional corridors.
    Where is this conventional restaurant located?
    The property is located at 2339 Oregon Pike Lancaster, PA.
    What are key features of this property?
    This property features: 3,836 SF restaurant space with outdoor seating; Positioned in a highly coveted area of Lancaster County; Easy access to major regional arteries, including Routes 30 and 222
    (732) 886-1500 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Arlene Gray
    Arlene Gray
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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