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    1625 Philadelphia Pike Lancaster, PA 17602

    Sponsored
    For Lease
    $19 SF/Yr

    High-traffic retail space, Lancaster, PA

    Lot size:
    11,191 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity presents 11,191 square feet of vacant space in a four-story mixed-use building at 1625 Philadelphia Pike, Lancaster, PA 17602. Located on a 2.55-acre lot, this property boasts high visibility and accessibility, situated at a busy intersection with 47,000 cars daily and a shared signalized entrance with Harrisburg Area Community College's Lancaster campus (6,000 students and faculty). The building offers prominent signage opportunities (conditions apply) and benefits from its proximity to major retailers such as Weis, CVS, Turkey Hill, and more, ensuring a strong customer base. The location is easily accessible from Lincoln Highway and East King Street, providing convenient access for commuters and customers. This prime Lancaster County location is part of a corridor that sees approximately 11,000,000 tourists annually, generating a $1.9 billion economic impact. The nearby Greenfield Corporate Center and Pennsylvania College of Health Sciences contribute a substantial daytime population of nearly 120,000, further enhancing the property's appeal. Within a five-mile radius, a residential population of 162,000 from 65,000 households with an average annual income of $108,000 provides a robust consumer market. The property's strategic location and significant surrounding population make it an ideal investment for retail businesses seeking high visibility and strong sales potential. The total building size is 11,191 square feet, with the entire space currently available for lease.

    Property Features for 1625 Philadelphia Pike

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,191 SF

    Building Details

    Stories
    4

    Unit(s) available at that property

    Space
    Suite 2
    Size
    1,495 SF
    Rate per SF
    $19
    Space
    Suite 3
    Size
    1,487 SF
    Rate per SF
    $19
    Space
    Suite 4
    Size
    1,530 SF
    Rate per SF
    $19
    Space
    Suite 6
    Size
    1,492 SF
    Rate per SF
    $19
    Space
    Suite 5
    Size
    64,599,480 SF
    Rate per SF
    $19

    HighLights

    • 11,191 SF of vacant retail space available for lease in a four‑story mixed‑use building.
    • High‑visibility location at a busy intersection with 47,000 cars daily, shared access with Harrisburg Area Community College.
    • Prominent signage opportunities available.
    • Excellent location near major retailers (Weis, CVS, Turkey Hill) and major roadways (Lincoln Highway, East King Street).
    • Strong demographics: 162,000 residents within a 5‑mile radius, average household income $108,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.2684134
    Latitude
    40.0390109

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail space, Lancaster, PA
    Where is this individual retail property located?
    The property is located at 1625 Philadelphia Pike Lancaster, PA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: 11,191 SF of vacant retail space available for lease in a four-story mixed-use building.; High-visibility location at a busy intersection with 47,000 cars daily, shared access with Harrisburg Area Community College.; Prominent signage opportunities available.
    Request Owner's contact information
    1625 Philadelphia Pike Lancaster, PA 17602
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    Lancaster, PA 17602
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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
    1625 Philadelphia Pike Lancaster, PA 17602
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