Listing Agency: Davison Associates LLC

Listed By: Brian P Davison · License #PA RB069617 Show Phone

Source: Exprealty

Added: May 21 Changed: Oct 5 Last Checked: Oct 11 at 10:21AM

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Investment Insights

Based on property information with market context.

Located at 2801 E. Lincoln Highway (Route 30) in Ronks, Lancaster County, Pennsylvania, this property is situated at the eastern gateway to the county. The location is strategic, positioned at a signalized intersection with a daily traffic count exceeding 20,000 vehicles. The 0.61-acre parcel features a 2,500 square foot masonry block building constructed in 1973. The building offers an open floor plan and appropriate parking. The heating system uses forced air and propane. Water is sourced from a well, and public sewer services are available. Zoned Village Commercial within East Lampeter Township, the building presents a blank canvas, providing the next owner with the opportunity to improve it for their specific use.

Key Highlights

• Strategic location at a signalized intersection on Route 30 (Lincoln Highway)
• High daily traffic count of over 20,000 vehicles
• .61‑acre parcel with a 2,500 square foot building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,421

Cap Rate

5.55%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$588,420 $588.4K

Cap Rate 7%

$420,300 $420.3K

Cap Rate 9%

$326,900 $326.9K

Market Conditions

NOI Build-Up for 2,500 SF

Gross rent

$45.0K $18.00/SF

− Vacancy

−$3.0K −$1.19/SF

EGI

$42.0K $16.81/SF

− OpEx

−$12.6K −$5.04/SF

NOI

$29.4K $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%

$588,420

Cap Rate 7%

$420,300

Cap Rate 9%

$326,900

Alternative Uses

Best Use

Retail

$420.3K

$367.8K – $490.4K (±1% cap)

NOI $29,421 @ 7.0% cap · market cap 5.55%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$837.8K

$733.1K – $977.4K (±1% cap)

NOI $58,644 @ 7.0% cap · market cap 11.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

PNC ATM Atm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Real Estate Agency Bakery Garden Center Carpet & Flooring Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

95

Businesses Nearby

12k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 90% Hotels & Casinos 10%

Turkey Hill Minit Market Shops & Services

10,649 visits/mo 0.3 miles

Sleep Inn & Suites Hotels & Casinos

1,216 visits/mo 0.2 miles

Demographics for 17572, PA

3,972

Population

1,267

Households

3.1

Avg Household Size

31

Median Age

15%

College-Educated

66%

High-School Grad

16.2 sq mi

ZIP Area

245

Density / Sq Mi

$79,613

Median Household Income

$46,623

Median Earnings

$1,050

Median Rent

$300,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - 2,500 SF retail building on 0.61 acres in Ronks, PA.

Where is this retail space located?

The property is located at 2801 Lincoln Hwy E Ronks, PA.

What is the asking price?

The asking price for this property is $530,000.

What are key features of this property?

This property features: Strategic location at a signalized intersection on Route 30 (Lincoln Highway); High daily traffic count of over 20,000 vehicles; .61‑acre parcel with a 2,500 square foot building