1515 Lititz Pike Lancaster, PA 17601
- Retail properties
- 54,592 SF
- 5.70 lot acres
Current Use by Public Records
- Chimneys Cleaning & Inspection Service_Lancaster ERT / Chimney Sweep
- Planet Fitness / Gym / Fitness Center
- Fun Time Tours / Tour Agency
Property Details for 1515 Lititz Pike
- Year built
- 1957
- Construction
- BRICK
- Lot size
- 5.70 lot acres
- Property size
- 54,592 SF
- Zone code
- B-4
- Property type
- Retail properties
- APN
- 390-61826-0-0000
- APU
- 3906182600000
Description
The Shoppes @ the Pointe is a brand-new, 70,135-square-foot retail strip center located in Lancaster County, Pennsylvania, at 1515 Lititz Pike, zip code 17601. This single-building development, completed in 2023, offers multiple tenancy options with spaces ranging from a minimum of 2,925 square feet to a maximum contiguous space of 26,700 square feet. The property boasts a highly desirable location in Manheim Township, situated at a signalized intersection of Oregon Pike (Route 222) and Lititz Pike, providing excellent visibility and accessibility. Its strategic placement within a thriving retail corridor, surrounded by established shopping centers such as The Shoppes at Belmont, Lancaster Shopping Center, Golden Triangle, and Hawthorne Centre, ensures high foot traffic and strong consumer presence. The surrounding area features a robust mix of national retailers including Whole Foods, Target, Walmart, and Dick's Sporting Goods, creating a synergistic environment for potential tenants. This prime location presents a unique opportunity for businesses seeking high-traffic exposure and a strong retail presence in a rapidly growing market. The property is ideal for retail, medical, or office uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,915,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,160,000
- 6.5%
- $5,395,000
- 7%
- $5,495,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,100,000
- Geo Method
- $4,985,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,475,000
- Retail
- $4,885,000
- Mixed-Use
- $6,415,000
- Hospitality
- $4,985,000
- Educational
- $4,995,000
- Residential Income
- $5,660,000
- Energy
- $4,790,000
- Income-Based Land
- $5,490,000
- Food Service
- $5,190,000
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.3061
- Latitude
- 40.0658
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA