Freestanding Restaurant NNN
250 S CHERRY Alley Elizabethtown, PA 17022
For Sale
$389,500
Commercial Sale - ELIZABETHTOWN, PA
Property Size2,683 SF
Lot Size0.16 Acres
Price / SF$145.17
Days on Market545
Property Features for 250 S CHERRY Alley
General Information
Property type
Other
Property subtype
Retail
Parking
8
Standard status
Active
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
5054
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1960
Building materials
Brick, Masonry
Listing Agency:
Bennett Williams Realty, Inc.
(717) 843-5555
Listed By:
Joshua Miller · License #RS365967
(717) 383-6647
Added: Jan 28, 2025
Changed: Jun 23
Last Checked: Jul 27 at 10:06AM
MLS# PALA2063494
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding restaurant building totals approximately 2,683 square feet and includes about 1,300 square feet that could support a partial owner-occupant or an additional tenant. The property is described as well maintained, and it received a new roof and sealant in 2022, with a 10-year warranty provided. The tenant arrangement is in place under a triple net lease structure, with a stated 10% rent increase after the initial term.
The building is located at 250 S. Cherry Alley in Elizabethtown, Pennsylvania. The property is zoned for Central Business District use. It is anchored by Papa John’s Pizza under a renewed five-year lease that includes two additional five-year options.
For buyers or operators seeking a freestanding, NNN-style restaurant asset with a secured tenant base, this offering provides an on-site configuration that can accommodate a primary tenant while leaving space that may be suitable for an owner-occupant or a future add-on tenant. Prospective tenants and investors should review lease terms and the triple net obligations, including the scheduled rent increase after the initial term, as part of their underwriting and due diligence.
The building is located at 250 S. Cherry Alley in Elizabethtown, Pennsylvania. The property is zoned for Central Business District use. It is anchored by Papa John’s Pizza under a renewed five-year lease that includes two additional five-year options.
For buyers or operators seeking a freestanding, NNN-style restaurant asset with a secured tenant base, this offering provides an on-site configuration that can accommodate a primary tenant while leaving space that may be suitable for an owner-occupant or a future add-on tenant. Prospective tenants and investors should review lease terms and the triple net obligations, including the scheduled rent increase after the initial term, as part of their underwriting and due diligence.
Key Highlights
- Strong Papa John's tenant with renewed five‑year lease and two five‑year options, providing stable income.
- Freestanding building in Elizabethtown, Lancaster County, a rare find at this price point.
- New roof and sealant installed in 2022 with a 10‑year warranty.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant building with recent roof work and a Papa John’s anchor tenant under a renewed long-term lease.
Where is this conventional restaurant located?
The property is located at 250 S CHERRY Alley Elizabethtown, PA.
What is the asking price?
The asking price for this property is $389,500.
What are key features of this property?
This property features: Strong Papa John's tenant with renewed five‑year lease and two five‑year options, providing stable income.; Freestanding building in Elizabethtown, Lancaster County, a rare find at this price point.; New roof and sealant installed in 2022 with a 10‑year warranty.
