2301 Harrisburg PikeLancaster, PA 17600

For Sale
$3,100,000

High-yield office/school, 10-year lease

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a single-story, 10,500 square foot office building located at 2301 Harrisburg Pike in Lancaster, Pennsylvania, 17600. Currently leased to Chesterbrook Academy under a triple net (NNN) lease with a robust 10-year term commencing March 1, 2024, this property offers a compelling 7.00% capitalization rate. The building sits on a prime location between Routes 30 and 283, providing convenient access to major transportation arteries. Its proximity to Penn Medicine Lancaster General Health Campus and Penn State Health's new hospital further enhances its desirability within a strong growth corridor. The property features ample parking with 40 spaces and is zoned for Community Business Center use. With a single tenant and a long-term lease in place, this is an ideal investment for those seeking stable, passive income. The building comprises one unit within a single building, offering ease of management and streamlined operations. This is a rare opportunity to acquire a well-located, high-performing asset with significant long-term potential. The asking price is $3,100,000.

Highlights

  • $3,100,000 asking price, 7.00% cap rate.
  • 10,500 SF office building on a 10-year NNN lease.
  • Single-tenant building leased to Chesterbrook Academy; lease renewal effective March 1, 2024.
  • Excellent Lancaster, PA location near major roadways and hospitals; strong growth area.
  • 40 parking spaces.

Property Details for 2301 Harrisburg Pike

Property type
Other specialty properties, Schools
Square Feet
10,500 SF
Buildings
1
Stories
1
Units
1

Location Insight

City
Lancaster
County
Lancaster
State
Pennsylvania

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2301 Harrisburg Pike
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