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Property profile & analytics
OFF-MARKET
Commercial real estate

- Lot #3 Paradise Ln Paradise, PA 17562

4.5 ac lot Built 1900
Property ID
Property summary
AI-generated overview

This exceptional 4.5-acre parcel, Lot #3, presents a unique commercial development opportunity in the heart of Lancaster County's Amish Country. Situated on Paradise Lane, this property boasts convenient road frontage and a Township-approved access permit. Its strategic location places it adjacent to the Toy Train Collectors Association, offering unparalleled visibility and proximity to a thriving tourist destination. The larger 23-acre tract, encompassing three proposed parcels, allows for flexibility in development, with subdivision options available down to a minimum of 2 acres per parcel to suit individual buyer needs. The zoning is consistent with commercial uses, making it ideal for a variety of ventures, including shops, restaurants, hotels, or other commercial establishments. The area is renowned for its rich history and abundant tourist attractions, including the National Toy Train Museum, Strasburg Railroad, and numerous Amish-themed attractions all within a 5-mile radius. This presents a compelling investment opportunity in a high-traffic, high-demand location. The listed price reflects $200,000 per acre for this specific 4.5-acre parcel. Adjacent parcels are also available, with pricing varying based on acreage and location. This is a rare chance to acquire land in a highly sought-after area with significant potential for growth and return. The property benefits from its proximity to the established villages of Historic Strasburg, Bird-in-Hand, and Intercourse, further enhancing its commercial viability.

Property profile
Verified
Property type Commercial real estate
Year built 1900
Lot 4.5 ac (196,020 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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