Property profile

100 Historic Dr Strasburg, PA 17579

OFF-MARKET
Banks
Property ID
US73-4326058
1,868 SF Built 2002
Individually Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This 1,796 square foot Class A office space, located at 100 Historic Dr. in Strasburg, Pennsylvania, presents a unique opportunity for businesses seeking a prominent location. Built in 2002, this single-story building features a former bank branch layout, complete with two drive-thru lanes, a vault, and a conference room adaptable as additional office space. The property benefits from a shared common lobby/entry, tenant break room, and restrooms. Its strategic placement within a thriving professional business complex offers excellent visibility and accessibility. Nearby establishments include the US Post Office, a pizza shop, a beer mart, a physical therapy practice, and other professional offices. Across the street, a full-service Rutter's fuel and convenience store and a new Penn Med/LGH facility provide added convenience. A 55+ age-restricted residential community, Heritage Strasburg, is located directly behind the property, further enhancing its strategic position. The property is zoned C3 & Gateway North Overly, and potential tenants should contact Strasburg Borough for allowable uses. The annual Net, Net, Net (NNN) cost is estimated at $6.59 per square foot, encompassing a pro-rated share of NNN and utility costs for the shared common area, plus tenant-responsible utilities and twice-yearly HVAC service. This exceptional property is perfect for financial institutions, professional offices, medical practices, or other suitable businesses. The APN is 570-08342-1-001.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2002
Construction BRICK
Total area 1,868 SF
APN 570-08342-1-0001
UPID US73-4326058

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

100 Historic Dr Strasburg, PA 17579-1458
Strasburg metro Census 14000 LANCASTER, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2017
4 recorded transactions
2017
$1.2M
2011
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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