Commercial Land with Storage
For Sale
$550,000
844 CLOVERLEAF ROAD, Elizabethtown, PA 17022
C-2 zoning, public water and sewer, and existing improvements support a range of commercial site considerations.
Property Size2,300 SF
Price / SF$239.13
Days on Market8
Property Features for 844 CLOVERLEAF ROAD
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Commercial
Building Details
Year Built
1994
Listing Agency:
Cavalry Realty LLC
Listed By:
Thomas M Stewart · License #RM420558
(717) 932-2599
Source:
Cummingsrealtors
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 1 at 6:00AM
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 Cavalry Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This C-2 commercial property includes a storage building with multiple overhead doors and an older mobile home that has been unused for several years. Public water and sewer are available to the property.
The site is seconds from the Rheems/Elizabethtown exit of Route 283, providing access to the highway. Existing improvements include the storage building and mobile home.
The site is seconds from the Rheems/Elizabethtown exit of Route 283, providing access to the highway. Existing improvements include the storage building and mobile home.
Key Highlights
- C‑2 commercial zoning
- Public water and sewer access
- Storage building with multiple overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,554
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,080
$311.1K
Cap Rate 7%
$222,200
$222.2K
Cap Rate 9%
$172,822
$172.8K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$19.8K $8.62/SF
− Vacancy
−$1.5K −$0.66/SF
EGI
$18.3K $7.96/SF
− OpEx
−$2.7K −$1.19/SF
NOI
$15.6K $6.76/SF
Area
Lancaster County, PA
Vacancy
7.70%
Lease Rate
$8.62 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,080
Cap Rate 7%
$222,200
Cap Rate 9%
$172,822
Alternative Uses
Best Use
Warehouse
$222.2K
$194.4K – $259.2K
NOI $15,554 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$770.7K
$674.4K – $899.2K
NOI $53,952 @ 7.0% cap · market cap 9.81%
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
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 17022, PA
31,163
Population
12,950
Households
2.4
Avg Household Size
42
Median Age
33%
College-Educated
93%
High-School Grad
55.0 sq mi
ZIP Area
567
Density / Sq Mi
$79,075
Median Household Income
$42,844
Median Earnings
$1,381
Median Rent
$272,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Commercial land - C-2 zoning, public water and sewer, and existing improvements support a range of commercial site considerations.
Where is this commercial land located?
The property is located at 844 CLOVERLEAF ROAD Elizabethtown, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: C‑2 commercial zoning; Public water and sewer access; Storage building with multiple overhead doors
