Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Redevelopment Opportunity in Market District Title is generated by Realmo AI

    43 W Market St, York, PA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Three-story building in vibrant Market Street, York, PA.

    Type:RETAIL
    Property size:
    4,170 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $142/SF
    Added:
    Apr 18, 2024
    Days on Market:
    756
    Last Refresh:
    Apr 5 at 11:09 pm

    Property Features for 43 W Market St

    General Information

    Standard status
    Active
    Size
    4,170 SF
    Lot size
    0.07 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Benjamin M. Chiaro
    Benjamin M. Chiaro

    Listing agent Benjamin M. Chiaro

    Listing office TRUE Commercial Real Estate

    Listing date Apr 18, 2024

    Source Moodyscre

    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 TRUE Commercial Real Estate

    HighLights

    • Prime redevelopment opportunity in a vibrant market district.
    • Conceptual plans available for a 23‑apartment addition with roof deck(s).
    • Upgraded front/rear façade.
    • Onsite parking available for evening/weekend use.
    • Located near Central Market, Appell Center, shops, restaurants, bars, and cafes.
    • Interior is already demolished, ready for buyer/tenant finishes.

    Overview

    This three-story property presents a redevelopment opportunity for sale or lease in the west market street area. The building features an upgraded front and rear façade. The interior has been demolished, preparing it for new finishes. Onsite parking is available for evening and weekend use. Conceptual plans and renderings are available for a potential addition of up to 23 apartments with roof decks to be built over the parking area in the rear. Located within the market district, the property allows capitalizing on surrounding amenities, including the central market, the appell center, shops on beaver street, restaurants, bars, cafes, and new apartments. The property size is 4170 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.7292
    Latitude
    39.962

    Nearby Similar for Sale

    • $1,400,700

      Freestanding Retail Property on Whiteford

      Freestanding retail property with NNN lease in York, PA.
      2920 WHITEFORD Road, YORK, PA 17402
      View Details
    • $2,448,817

      Retail Building in York, PA

      Retail building with national brand tenants in a thriving location.
      2915 WHITEFORD Road, YORK, PA 17402
      View Details
    • $195,000
      2,694 SF

      Turnkey Investment in York, PA

      Two-unit property with strong cash flow potential near York College.
      931 S QUEEN Street, YORK, PA 17403
      View Details
    • $297,000

      Renovated Office Building, York PA

      Prime downtown location, versatile space for office, production, or retail.
      325 E MARKET Street, YORK, PA 17403
      View Details
    • $1,100,000
      22,447 SF

      York City Multifamily Investment Portfolio

      Seven-property, eight-unit portfolio in York City for sale.
      7 Properties On W JACKSON Street, YORK, PA 17401
      View Details
    • $185,000
      2,102 SF

      York Multifamily Investment Opportunity

      Well-maintained duplex near York College and WellSpan Health.
      68-70 N FRANKLIN Street, YORK, PA 17403
      View Details
    • $284,000
      1,943 SF

      Turnkey Investment Opportunity in York

      Three-unit property generating income with upside potential in York.
      262 W COTTAGE Place, YORK, PA 17401
      View Details
    • $65,000

      Established Nail Salon Business Opportunity

      Profitable nail salon and spa business for sale in York.
      3013 E MARKET Street, YORK, PA 17402
      View Details
    • $444,000

      Five-Unit Apartment Building in York

      Five-unit apartment building with income potential in York, Pennsylvania.
      597 W PHILADELPHIA Street, YORK, PA 17403
      View Details
    • $229,900
      1,752 SF

      York City Two-Unit Home

      Well-maintained two-unit property in York, Pennsylvania with income potential.
      245 S BELVIDERE Avenue, YORK, PA 17401
      View Details
    • $222,500
      1,990 SF

      Income-Producing Duplex in York, PA

      Well-maintained duplex with stable income in York, Pennsylvania.
      819 LINDEN Avenue, YORK, PA 17404
      View Details
    • $245,000
      2,784 SF

      York Multifamily Property with Garage

      Two-unit property with garage, generating income in York, PA.
      566 W PHILADELPHIA Street, YORK, PA 17401
      View Details

    FAQs

    What type of property is this?
    Storefront property - Three-story building in vibrant Market Street, York, PA.
    Where is this storefront property located?
    The property is located at 43 W Market St York, PA.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Prime redevelopment opportunity in a vibrant market district.; Conceptual plans available for a 23‑apartment addition with roof deck(s).; Upgraded front/rear façade.
    (717) 683-3316 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Benjamin M. Chiaro
    Benjamin M. Chiaro
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    43 W Market St, York, PA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!