Building Details

Year Built 1950

Listing Agency: Core Partners Realty m***@segarrahomes.com Show Phone

Listed By: Scott B Wilburn · License #RS299145 Show Phone

Source: Cummingsrealtors

Added: Oct 2 Changed: Oct 16 Last Checked: Oct 19 at 10:49AM

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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 Core Partners Realty

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Investment Insights

Based on property information with market context.

At 310 N Constitution Avenue in New Freedom, this three-acre mixed-use property includes a one-story residence with 1,086 square feet, six rooms, two to three bedrooms, and one bathroom. The residence has a wood-shingle exterior. Site improvements include a three-bay Morton pole building, a two-story barn, two additional outbuildings, and a detached garage.

The property is located in the township’s Light Industrial Employment District, with LI zoning. Buyers should verify proposed uses and any applicable approvals or requirements with the township.

Key Highlights

• 3‑acre property in New Freedom, York County
• 1,086‑square‑foot residence with six rooms, two to three bedrooms, and one bathroom
• Three‑bay Morton pole building and large two‑story barn

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,314

Cap Rate

3.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$346,280 $346.3K

Cap Rate 7%

$247,343 $247.3K

Cap Rate 9%

$192,378 $192.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,086 SF

Gross rent

$23.8K $21.96/SF

− Vacancy

−$763 −$0.70/SF

EGI

$23.1K $21.26/SF

− OpEx

−$5.8K −$5.31/SF

NOI

$17.3K $15.94/SF

Area

York County, PA

Vacancy

3.20%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$346,280

Cap Rate 7%

$247,343

Cap Rate 9%

$192,378

Alternative Uses

Best Use

Office B

$247.3K

$216.4K – $288.6K (±1% cap)

NOI $17,314 @ 7.0% cap · market cap 3.30%

Second Best

Mixed Use

$160.6K

$140.5K – $187.3K (±1% cap)

NOI $11,240 @ 7.0% cap · market cap 2.14%

Theoretical Best

Office A

$314.4K

$275.1K – $366.8K (±1% cap)

NOI $22,010 @ 7.0% cap · market cap 4.19%

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

Property Analytics

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Current Use

Live-work space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Restaurant Dental Office Auto Repair Shop

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

165

Businesses Nearby

Explore this area Business Placement

Demographics for 17349, PA

8,084

Population

2,976

Households

2.7

Avg Household Size

45

Median Age

42%

College-Educated

94%

High-School Grad

21.1 sq mi

ZIP Area

383

Density / Sq Mi

$111,401

Median Household Income

$58,893

Median Earnings

$1,592

Median Rent

$346,300

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

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Mixed-Use Building with Salon

12 W MAIN ST, New Freedom, PA 17349

$350,000

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Warehouse with New Roof

9 Republic Alley, New Freedom, PA 17349

$225,000

4,500 SF

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A residential component and several work and storage buildings occupy a site in the township’s Light Industrial Employment District.

Where is this mixed-use property located?

The property is located at 310 N CONSTITUTION AVENUE New Freedom, PA.

What is the asking price?

The asking price for this property is $525,000.

What are key features of this property?

This property features: 3‑acre property in New Freedom, York County; 1,086‑square‑foot residence with six rooms, two to three bedrooms, and one bathroom; Three‑bay Morton pole building and large two‑story barn