73 Forrest AveShrewsbury, PA 17361

Property Details for 73 Forrest Ave

Year built

1987

Lot size

2.17 AC

Property size (Sq ft)

31,389 SF

Zone code

RS

Property type

Office properties

Property subtype

Office buildings

APN

84-000-06-0201.00-00000

APU

840000602010000000

Description

This three-story, Class B office building, totaling 31,389 square feet, is located at 73 E. Forrest Ave., Shrewsbury, PA 17361, in York County. Built in 1987, the property features 21 suites available for multiple tenancies, offering flexible lease terms. The building boasts convenient access to Interstate-83, providing quick commutes to York and Harrisburg. Its prime location offers proximity to various amenities including banks, restaurants, and shopping centers. The building includes one elevator, 60 parking spaces, and numerous common area features. The property sits on 2.17 acres of land and is zoned RS. The building currently houses a diverse range of businesses, reflecting the area's strong economic activity. Shrewsbury's growth is further supported by planned Interstate-83 improvements and the recent establishment of new businesses, including a Johnson Controls production facility. Nearby, two new housing developments are underway, indicating a thriving residential market. This presents a unique opportunity to establish a presence in a dynamic and expanding community.

• CAP approach

  CAP return

  Valuation

  6%

  $4,844,892

  6.5%

  $4,472,208

  7%

  $4,152,765

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,406,894

  Geo Method

  $1,974,682

• Alternative Use

  Use

  Valuation

  Residential

  $5,545,538

  Hospitality

  $5,079,683

  Educational

  $4,226,236

  Medical

  $4,371,584

  Retail

  $6,574,146

Location Insight

City

Shrewsbury

County

York

State

Pennsylvania

Latitude

39.7703

Longitude

-76.6761

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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