Building Details

Buildings 1

Listing Agency: Bennett Williams Commercial

Listed By: Justin Shoemaker · License #PA RS225235L Show Phone

Source: Crexi

Added: Feb 5 Changed: Oct 13 Last Checked: Oct 12 at 8:16PM

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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 Bennett Williams Commercial

Investment Insights

Based on property information with market context.

A 3,900 SF former convenience store is available on a 1.42-acre commercially zoned parcel along N George Street (Route 181) in the Manchester/York County retail corridor. The property offers visibility, frontage, and access, with existing utility infrastructure and site improvements. The site's commercial zoning supports a range of uses, enabling flexibility to meet current demand from service retail, food uses, specialty retail, and medical/consumer services. Proximity to I-83 and PA-30 provides regional connectivity for employees and customers, while the surrounding residential base drives consistent daily needs traffic. This asset is well-positioned for an owner-user repositioning, re-tenanting to retail/QSR/medical, or ground-up modernization while leveraging strong local traffic patterns and a growing suburban trade area.

Key Highlights

• Excellent visibility, frontage, and access on N George Street (Route 181) in a high‑traffic retail corridor.
• Commercially zoned 1.42‑acre parcel suitable for owner‑user repositioning, re‑tenanting (retail/QSR/medical), or ground‑up modernization.
• Existing utility infrastructure and site improvements reduce redevelopment costs and timelines.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,536

Cap Rate

4.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$930,720 $930.7K

Cap Rate 7%

$664,800 $664.8K

Cap Rate 9%

$517,067 $517.1K

Market Conditions

NOI Build-Up for 3,900 SF

Gross rent

$70.2K $18.00/SF

− Vacancy

−$3.7K −$0.95/SF

EGI

$66.5K $17.05/SF

− OpEx

−$19.9K −$5.11/SF

NOI

$46.5K $11.93/SF

Area

York County, PA

Vacancy

5.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$930,720

Cap Rate 7%

$664,800

Cap Rate 9%

$517,067

Alternative Uses

Best Use

Retail

$664.8K

$581.7K – $775.6K (±1% cap)

NOI $46,536 @ 7.0% cap · market cap 4.25%

Second Best

Specialty Retail

$346.6K

$303.3K – $404.4K (±1% cap)

NOI $24,265 @ 7.0% cap · market cap 2.22%

Theoretical Best

Office A

$1.13M

$988.0K – $1.32M (±1% cap)

NOI $79,043 @ 7.0% cap · market cap 7.22%

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

Property Analytics

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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Parking Lot & Garage Big Box & Wholesale Store Spa & Massage Center

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

280

Businesses Nearby

129k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 46% Groceries 27% Dining 23% Home Improvements & Furnishings 3%

Giant Food Store Groceries

34,768 visits/mo 0.5 miles

McDonald's Dining

21,465 visits/mo 0.2 miles

Sheetz Shops & Services

20,475 visits/mo 0.1 miles

Dollar Tree Shops & Services

13,132 visits/mo 0.4 miles

Roses Discount Store Shops & Services

7,488 visits/mo 0.2 miles

Demographics for 17345, PA

8,122

Population

3,616

Households

2.2

Avg Household Size

42

Median Age

22%

College-Educated

90%

High-School Grad

12.0 sq mi

ZIP Area

677

Density / Sq Mi

$83,556

Median Household Income

$48,333

Median Earnings

$1,150

Median Rent

$204,900

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 grocery and convenience stores 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?

Grocery and convenience store - 3,900 SF former convenience store on 1.42 acre parcel.

Where is this grocery and convenience store located?

The property is located at 4309 N George Street Extension Manchester, PA.

What is the asking price?

The asking price for this property is $1,095,000.

What are key features of this property?

This property features: Excellent visibility, frontage, and access on N George Street (Route 181) in a high‑traffic retail corridor.; Commercially zoned 1.42‑acre parcel suitable for owner‑user repositioning, re‑tenanting (retail/QSR/medical), or ground‑up modernization.; Existing utility infrastructure and site improvements reduce redevelopment costs and timelines.