340 S RICHLAND AVENUE, York, PA 17404

Building Details

Year Built 1973 More

Listing Agency: Coldwell Banker Realty Show Phone

Listed By: Francesco Joseph Messina · License #rs358065 Show Phone

Source: Cummingsrealtors

Added: Nov 5 Changed: Nov 6 Last Checked: Nov 6 at 2:32PM

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Investment Insights

Based on property information with market context.

The 16,000-square-foot property, built in 1973, is offered with an established beer distribution business. The sale also includes a Pennsylvania D liquor license, furniture, fixtures, equipment, and business goodwill. Recent renovations and upgrades have been completed, and additional space is available for expansion and broader product offerings.

The property is in York County, PA, amid residential developments, colleges, golf courses, and a growing business community. The distribution operation recorded sales growth across three consecutive years.

Key Highlights

• 16,000‑square‑foot building constructed in 1973
• Beer distribution business offered with Pennsylvania D liquor license, FF&E, and goodwill
• Recent building renovations and upgrades

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$113,363

Cap Rate

5.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,267,260 $2.3M

Cap Rate 7%

$1,619,471 $1.6M

Cap Rate 9%

$1,259,589 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 16,000 SF

Gross rent

$141.3K $8.83/SF

− Vacancy

−$7.9K −$0.49/SF

EGI

$133.4K $8.34/SF

− OpEx

−$20.0K −$1.25/SF

NOI

$113.4K $7.09/SF

Area

York County, PA

Vacancy

5.60%

Lease Rate

$8.83 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,267,260

Cap Rate 7%

$1,619,471

Cap Rate 9%

$1,259,589

Alternative Uses

Best Use

Warehouse

$1.62M

$1.42M – $1.89M (±1% cap)

NOI $113,363 @ 7.0% cap · market cap 5.97%

Second Best

Industrial

$1.33M

$1.17M – $1.56M (±1% cap)

NOI $93,358 @ 7.0% cap · market cap 4.91%

Theoretical Best

Office A

$4.63M

$4.05M – $5.40M (±1% cap)

NOI $324,279 @ 7.0% cap · market cap 17.07%

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

Henise Tire Service, ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Cafe & Coffee Shop Grocery & Convenience Store Pharmacy

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

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

627

Businesses Nearby

Explore this area Business Placement

Demographics for 17404, PA

37,745

Population

15,716

Households

2.4

Avg Household Size

38

Median Age

30%

College-Educated

89%

High-School Grad

21.5 sq mi

ZIP Area

1,756

Density / Sq Mi

$75,882

Median Household Income

$43,408

Median Earnings

$1,136

Median Rent

$176,200

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Distribution center - The offering combines commercial real estate with an established beer distribution operation and its associated business assets.

Where is this distribution center located?

The property is located at 340 S RICHLAND AVENUE York, PA.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: 16,000‑square‑foot building constructed in 1973; Beer distribution business offered with Pennsylvania D liquor license, FF&E, and goodwill; Recent building renovations and upgrades