980 Richland AveYork, PA 17403

Property Details for 980 Richland Ave

Year built

2019

Lot size

3.98 AC

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

48-000-29-0001.E0-00000

APU

48000290001E000000

Description

This exceptional commercial land parcel, located at 980 S Richland Avenue in York, Pennsylvania (zip code 17403), presents a prime investment opportunity. The property, owned by LIDL US OPERATIONS, LLC, is being offered for sale at $900,000. This pad site offers unparalleled visibility on Richland Avenue, boasting an average annual daily traffic count exceeding 18,000 vehicles. Its strategic location provides easy access to a high-volume Lidl grocery store, ensuring significant foot traffic and consumer exposure for any future development. The site benefits from its proximity to York College, contributing to a strong and growing residential population base in the immediate vicinity. This presents a unique chance to capitalize on the established commercial activity and the expanding residential market in this thriving area of York County. The property is classified as commercial land and is ideal for a variety of development projects seeking high visibility and convenient access to a major retail anchor. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $51,244,256

  6.5%

  $47,302,388

  7%

  $43,923,648

• Comparable approach

  Method

  Valuation

  Relative Method

  $42,366,568

  Geo Method

  $27,484,742

• Alternative Use

  Use

  Valuation

  Residential

  $39,901,336

  Hospitality

  $36,549,408

  Educational

  $30,408,678

  Medical

  $31,454,480

  Retail

  $47,302,388

Location Insight

City

York

County

York

State

Pennsylvania

Latitude

39.9423

Longitude

-76.7411

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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