Pa-272 Lancaster, PA 17603
- Retail properties
- 7,800 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Pa-272
- Property size
- 7,800 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a well-established 7,800 square foot retail building located in Lancaster, Pennsylvania, at the address PA-272, zip code 17603. The property is currently 100% occupied by a multi-tenant convenience store and grocery store operation under a triple net (NNN) lease with 10 years remaining. The asking price for the real estate is $595,000, translating to a price per square foot of $76.28. This represents a strong return on investment given the long-term lease and high occupancy rate. The building is situated in Lancaster County, offering excellent visibility and access. The current tenants have a long history in the location, demonstrating the viability and stability of the business. A separate purchase opportunity exists for the established retail business itself, priced at $395,000. A combined purchase of both the real estate and the business is available for $875,000. Further details are available upon execution of a non-disclosure agreement. This property is ideal for investors seeking a stable, income-generating asset with significant long-term potential. The property's location in Lancaster, PA provides access to a robust local market. The 10-year lease provides significant security and predictable cash flow. This is a rare opportunity to acquire a turnkey retail investment in a prime location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.3042
- Latitude
- 40.0298
