Freestanding Brick Retail
For Sale
Contact for pricing
24 ROUTE 41, Gap, PA 17527
Freestanding brick building with first-floor retail/office space, carpeted interiors, new heat pump and AC, and front parking.
Property Size1,830 SF
Price / SF$0.82
Days on Market101
Property Features for 24 ROUTE 41
General Information
Standard status
Active
Size
1,830 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Amenities
carpeted
new heat pump and AC
two partitioned office areas
bath
parking in front
Building Details
Year Built
1977
Construction
brick
Listing Agency:
Len Ferber Real Estate
Listed By:
E. Leonard Ferber · License #3234119
(717) 687-7300
Source:
Cummingsrealtors
Added: Jul 21
Changed: Oct 27
Last Checked: Oct 28 at 7:17AM
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 Len Ferber Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Freestanding brick building offering first-floor retail and office space for lease. The interior includes carpeted areas and two partitioned office spaces, along with a bath. Recent improvements include a new heat pump and AC, supporting comfortable year-round operation.
The property is located on Route 41 in Gap, PA, described as a high-traffic location. Parking is available in front of the building, providing convenient access for staff and visitors.
The space is configured to support combined retail and office use, with dedicated partitioned rooms and on-site restroom facilities to support day-to-day business operations.
The property is located on Route 41 in Gap, PA, described as a high-traffic location. Parking is available in front of the building, providing convenient access for staff and visitors.
The space is configured to support combined retail and office use, with dedicated partitioned rooms and on-site restroom facilities to support day-to-day business operations.
Key Highlights
- Freestanding brick building built in 1977 on Rt 41 in Gap
- First‑floor retail/office area available for lease with carpeted interiors
- New heat pump and AC installed recently
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,536
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,720
$430.7K
Cap Rate 7%
$307,657
$307.7K
Cap Rate 9%
$239,289
$239.3K
Market Conditions
NOI Build-Up for 1,830 SF
Gross rent
$32.9K $18.00/SF
− Vacancy
−$2.2K −$1.19/SF
EGI
$30.8K $16.81/SF
− OpEx
−$9.2K −$5.04/SF
NOI
$21.5K $11.77/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,720
Cap Rate 7%
$307,657
Cap Rate 9%
$239,289
Alternative Uses
Best Use
Office B
$432.8K
$378.7K – $505.0K
NOI $30,297 @ 7.0% cap · market cap 2,019.80%
Second Best
Retail
$307.7K
$269.2K – $358.9K
NOI $21,536 @ 7.0% cap · market cap 1,435.73%
Theoretical Best
Office A
$613.2K
$536.6K – $715.5K
NOI $42,927 @ 7.0% cap · market cap 2,861.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Explore this area
Business Placement
Demographics for 17527, PA
6,550
Population
2,162
Households
3
Avg Household Size
33
Median Age
17%
College-Educated
75%
High-School Grad
21.0 sq mi
ZIP Area
312
Density / Sq Mi
$92,292
Median Household Income
$38,958
Median Earnings
$1,319
Median Rent
$297,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding brick building with first-floor retail/office space, carpeted interiors, new heat pump and AC, and front parking.
Where is this retail space located?
The property is located at 24 ROUTE 41 Gap, PA.
What are key features of this property?
This property features: Freestanding brick building built in 1977 on Rt 41 in Gap; First‑floor retail/office area available for lease with carpeted interiors; New heat pump and AC installed recently
