749 Derr Dr Lewisburg, PA 17837
- Commercial real estate
- 0.96 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 749 Derr Dr
- Lot size
- 0.96 lot acres
- Property type
- Commercial real estate
- APN
- 008-016-058.A0000
- APU
- 008016058A0000
Description
This exceptional 3.946-acre commercial land parcel presents a remarkable investment opportunity in Lewisburg, Pennsylvania. Strategically located along heavily trafficked US Route 15, this property boasts over 700 feet of frontage, ensuring exceptional visibility for any commercial venture. The site enjoys an average daily traffic count of 11,007 vehicles northbound and 10,554 southbound, guaranteeing significant exposure. While the total acreage is 3.946 acres, the effective usable area is approximately 3.51 acres. The terrain is generally level at street grade, although the northern boundary slopes gently towards Buffalo Creek. A small water trench naturally divides the two main parcels. The property is zoned for commercial use, allowing for a wide range of development possibilities. Conveniently situated, it benefits from access to public water and sewer services, simplifying infrastructure needs. This prime location, combined with its size and high visibility, makes it an ideal site for a variety of commercial developments. The property's accessibility and high traffic volume make it a compelling investment for businesses seeking maximum exposure and convenient access for customers. This is a rare opportunity to acquire a significant commercial land parcel in a thriving location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $295,000
- 6.5%
- $350,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $365,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $365,000
- Retail
- $275,000
- Mixed-Use
- $355,000
- Hospitality
- $310,000
- Educational
- $285,000
- Residential Income
- $355,000
- Energy
- $335,000
- Income-Based Land
- $325,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Lewisburg
- County
- Union
- State
- Pennsylvania
- Longitude
- -76.8926
- Latitude
- 40.9716
- CBSA code
- 30260
- CBSA name
- LEWISBURG, PA MICROPOLITAN STATISTICAL AREA