Property profile

1625 Philadelphia Pike Lancaster, PA 17602

OFF-MARKET
Retail properties & Spaces
11,191 SF
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Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Total area 11,191 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1625 Philadelphia Pike Lancaster, PA 17602
Lancaster metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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