100 Memory Ln York, PA 17402
- Turn key restaurants
- 4,133 SF
- 0.87 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 100 Memory Ln
- Year built
- 1965
- Lot size
- 0.87 lot acres
- Property size
- 4,133 SF
- Zone code
- M-U
- Property type
- Turn key restaurants
- APN
- 46-000-02-0035.A0-00000
- APU
- 46000020035A000000
Description
This exceptional investment opportunity comprises three freestanding retail buildings totaling 4,133 square feet situated on a 0.94-acre lot in York, Pennsylvania. Located at 100 Memory Ln, York, PA 17402, these properties are zoned MU (Mixed Use) and boast ample parking, high visibility, and strong traffic counts. Previously licensed as cannabis dispensaries (licenses not included), each building has undergone recent renovations, making them immediately ready for occupancy. The versatile nature of these properties allows for a wide range of uses, including traditional retail storefronts or restaurants. Their prime locations and modern updates present a compelling opportunity for investors seeking a high-return portfolio in a thriving market. The sale does not include the previous cannabis dispensary licenses; however, the properties are compliant locations for future licensing applications or relocation of existing licenses. This is a rare chance to acquire a well-maintained, multi-use property portfolio in a desirable location. The properties are situated in York County, Pennsylvania, offering easy access to major transportation routes and a strong local economy. This portfolio presents a unique opportunity for both experienced and emerging investors.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,470,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,445,000
- 6.5%
- $1,450,000
- 7%
- $1,495,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,565,000
- Geo Method
- $1,680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,385,000
- Retail
- $1,530,000
- Mixed-Use
- $1,415,000
- Hospitality
- $1,535,000
- Educational
- $1,315,000
- Residential Income
- $1,300,000
- Energy
- $1,335,000
- Income-Based Land
- $1,250,000
- Food Service
- $1,275,000
Location Insight
- Map
- Local Demand
- City
- York
- County
- York
- State
- Pennsylvania
- Longitude
- -76.681
- Latitude
- 39.9757
- CBSA code
- 49620
- CBSA name
- YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
