100-128 Lancaster Ave Reading, PA 19611
This exceptional investment opportunity comprises three freestanding retail buildings located in high-traffic areas of Reading, York, and Erie, Pennsylvania. Each property boasts ample parking and excellent visibility, previously operating as licensed cannabis dispensaries (licenses not included). The buildings, ranging from 3,392 to 4,550 square feet, sit on lots ranging from 0.87 to 1.06 acres. Recent renovations make them immediately suitable for various retail or restaurant uses. Zoning permits include Commercial Core (Reading), Mixed Use (York), and Commercial (Erie). The properties offer a unique chance to acquire established, well-maintained retail spaces in thriving Pennsylvania communities. Their previous use as cannabis dispensaries provides a strong foundation for future tenants, while the flexible zoning allows for a wide range of commercial applications. This portfolio presents a compelling investment opportunity for those seeking high-visibility retail locations with significant upside potential. The addresses are 100-128 Lancaster Avenue, Reading, PA 19611; 100 Memory Ln, York, PA 17402; and 2178 W 38th St, Erie, PA 16508.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.