1004 Willow St Pike Lancaster, PA 17602-4600
- Manufacturing properties
- 23,500 SF
- 2.90 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 1004 Willow St Pike
- Year built
- 1992
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.90 lot acres
- Property size
- 23,500 SF
- Zone code
- IM
- Property type
- Manufacturing properties
- APN
- 320-33474-0-0000
- APU
- 3203347400000
Description
This exceptional 5,700 square foot manufacturing building, constructed in 2020, is situated on a 2.9-acre lot at 1004 Willow Street Pike in Lancaster, PA 17602. Priced at $1,300,000 ($228.07/sq ft), this vacant property offers significant potential. The building features five 14' x 16' garage doors, 50'+ deep bays, ample office and storage space, and abundant parking. It boasts high-quality construction, including insulation, heating, and air conditioning in the offices. The I/M zoning permits a wide array of uses, including various manufacturing operations, trucking, excavation, contracting, and recreational uses such as breweries, restaurants, gyms, and more. Its prime location on a main route exiting Lancaster City provides excellent visibility and convenient access to major routes leading to Philadelphia, Harrisburg, and surrounding areas. The adjacent Conestoga River adds a unique element to this already attractive property. This is a rare opportunity to acquire a nearly new, versatile industrial building with substantial growth potential in a desirable location. The property is readily available for viewing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,130,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $890,000
- 6.5%
- $920,000
- 7%
- $925,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $895,000
- Geo Method
- $920,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $870,000
- Retail
- $930,000
- Mixed-Use
- $850,000
- Hospitality
- $860,000
- Educational
- $800,000
- Residential Income
- $865,000
- Energy
- $1,060,000
- Income-Based Land
- $990,000
- Food Service
- $930,000
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.3045
- Latitude
- 40.0207
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA