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    20 Hill/ Rte. 272 Rd Stevens, PA 17517

    For Sale
    $2,500,000

    Prime Lancaster County development opportunity; high traffic, C-1 zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 5.4-acre commercial lot presents a compelling redevelopment opportunity in Denver, Pennsylvania, within Lancaster County. Strategically located on North Reading Road, just off the Pennsylvania Turnpike entrance, this property boasts significant road frontage and visibility. The site benefits from a high daily traffic count exceeding 16,000 vehicles on North Reading Road and enjoys convenient access to I-76, carrying over 29,000 vehicles daily. Zoned C-1 General Commercial, this versatile parcel allows for a diverse range of retail and commercial uses, making it ideal for a variety of development projects. Infrastructure is partially complete, with sections of New Hill Road already curbed, paved, and seeded. The property features public sewer and water access, simplifying development plans. The existing lot lines have been updated, providing clarity and facilitating a streamlined development process. This location offers exceptional access to a thriving community and presents a rare chance to establish a significant commercial presence in a high-traffic area. The stick-built construction style of the surrounding area provides a context for potential development. This is a truly remarkable opportunity for investors seeking a prime location with high visibility and development potential in a rapidly growing market.

    Property Features for 20 Hill/ Rte. 272 Rd

    General Information

    Property type
    Individual retail properties
    Lot Size
    235,224 SF

    HighLights

    • $2,500,000 asking price for a 5.4‑acre commercial land parcel.
    • C‑1 Commercial zoning allows for mixed retail uses.
    • Excellent road frontage on North Reading Road, offering high visibility and accessibility.
    • Strategic location near PA Turnpike entrance in Denver, PA, providing convenient access to I‑76.
    • Public sewer and water utilities available.
    • Located in East Cocalico Township, Lancaster County, PA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Stevens
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.118077
    Latitude
    40.2171022

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    FAQs

    What type of property is this?
    Individual retail property - Prime Lancaster County development opportunity; high traffic, C-1 zoning.
    Where is this individual retail property located?
    The property is located at 20 Hill/ Rte. 272 Rd Stevens, PA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price for a 5.4-acre commercial land parcel.; C-1 Commercial zoning allows for mixed retail uses.; Excellent road frontage on North Reading Road, offering high visibility and accessibility.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    20 Hill/ Rte. 272 Rd Stevens, PA 17517
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