1 Ml Rd Newville, PA 17241-9001
This exceptional retail property, located at 1 Mill Road in Newville, Pennsylvania, presents a compelling investment opportunity. The single-story, 14,855 square foot shopping center sits on a 2.04-acre lot and boasts a Class B rating. Built in 2013, the property features 49 total parking spaces and is zoned for commercial use. Currently, there are 3,128 square feet of vacant space available, divisible into units ranging from a minimum of 1,365 square feet to a maximum contiguous space of 1,763 square feet. The property is situated in the West Pennsboro Township submarket of Cumberland County and benefits from its location within a thriving commercial area. The property's strategic location ensures high visibility and accessibility, attracting significant foot traffic. This is an ideal opportunity for businesses seeking a well-established location with ample space and parking. The property's existing infrastructure and convenient location provide a solid foundation for immediate occupancy and future growth. The property's zoning allows for a variety of retail uses, making it a versatile option for prospective tenants. This is a rare opportunity to secure a prime retail space in a desirable location. The property's size, location, and existing infrastructure make it an attractive investment for businesses of all sizes. The 17241 zip code offers easy access to major transportation routes, further enhancing its appeal.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.