Mixed-Use Property with
New
For Sale
$675,000
300 N READING ROAD, Ephrata, PA 17522
The site combines laundry and car-wash operations with a leased home, an occupied auto shop, and food-trailer space.
Property Size1,500 SF
Price / SF$450
Days on Market5
Property Features for 300 N READING ROAD
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Automotive
Service Bays
1
Car Wash Bays
3
Automotive Uses
auto repair, car wash
Tenancy & Operations
Tenant in Place
Yes
Current Tenants
Ephrata Auto Shop
Real Estate Included
Yes
Building Details
Year Built
1960
Listing Agency:
William Penn Real Estate Assoc
(717) 299-7070
Listed By:
Chester Lapp · License #RS320255
(717) 629-1928
Source:
Cummingsrealtors
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 4:37PM
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 William Penn Real Estate Assoc
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Investment Insights
Based on property information with market context.
At 300 N Reading Road in Ephrata, this mixed-use property brings together several operating and leased components. The laundromat was remodeled in 2023 and has 17 washers, 18 dryers installed in 2025, app and coin payment options, and vending. A separate three-bay car wash accepts coins, cards, and app payments, with monthly subscriptions in place.
Other on-site uses include a leased three-bedroom home, a tenant-occupied auto shop with a repair bay and utility area, and a food court with two food trailers. The auto shop also has an unfinished second floor. The property was built in 1960.
Other on-site uses include a leased three-bedroom home, a tenant-occupied auto shop with a repair bay and utility area, and a food court with two food trailers. The auto shop also has an unfinished second floor. The property was built in 1960.
Key Highlights
- Laundromat remodeled in 2023; equipped with 17 washers and 18 dryers installed in 2025
- Three‑bay car wash accepts coin, card, and app payments; monthly subscriptions are in place
- Leased three‑bedroom home on the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,362
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,240
$547.2K
Cap Rate 7%
$390,886
$390.9K
Cap Rate 9%
$304,022
$304.0K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$39.1K $26.04/SF
− Vacancy
−$2.6K −$1.72/SF
EGI
$36.5K $24.32/SF
− OpEx
−$9.1K −$6.08/SF
NOI
$27.4K $18.24/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,240
Cap Rate 7%
$390,886
Cap Rate 9%
$304,022
Alternative Uses
Best Use
Specialty Retail
$390.9K
$342.0K – $456.0K
NOI $27,362 @ 7.0% cap · market cap 4.05%
Second Best
Mixed Use
$266.1K
$232.9K – $310.5K
NOI $18,630 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$502.7K
$439.8K – $586.4K
NOI $35,186 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Service bays
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
148k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 38%
Shops & Services 26%
Dining 14%
Superstores 12%
Weis Markets
Groceries
37,293 visits/mo
0.1 miles
Dollar Tree
Shops & Services
20,374 visits/mo
0.1 miles
Redner's Warehouse Market
Groceries
19,748 visits/mo
0.2 miles
Big Lots
Superstores
18,264 visits/mo
0.1 miles
Burger King
Dining
17,402 visits/mo
0.0 miles
Demographics for 17522, PA
33,848
Population
13,837
Households
2.4
Avg Household Size
40
Median Age
24%
College-Educated
86%
High-School Grad
43.0 sq mi
ZIP Area
787
Density / Sq Mi
$71,865
Median Household Income
$42,588
Median Earnings
$1,171
Median Rent
$263,600
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The site combines laundry and car-wash operations with a leased home, an occupied auto shop, and food-trailer space.
Where is this mixed-use property located?
The property is located at 300 N READING ROAD Ephrata, PA.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Laundromat remodeled in 2023; equipped with 17 washers and 18 dryers installed in 2025; Three‑bay car wash accepts coin, card, and app payments; monthly subscriptions are in place; Leased three‑bedroom home on the property
