107 Old York Rd New Cumberland, PA 17070

Property Details for 107 Old York Rd

Property type

Commercial real estate

Description

This exceptional 107 Old York Road property presents a unique investment opportunity in the thriving New Cumberland, Pennsylvania market. Located in York County, this commercial land parcel boasts a highly desirable location directly across from a Giant-anchored shopping center, ensuring exceptional visibility and foot traffic. The property's address is 107 Old York Rd, New Cumberland, PA 17070, with GPS coordinates of 40.2221125 latitude and -76.8599231 longitude. The surrounding area benefits from a robust retail environment, as evidenced by Harrisburg's recent surge in retail transactions. Harrisburg, a mid-sized retail market, experienced a significant increase in retail deals, closing 196 transactions in the past year – a substantial rise compared to the previous five-year average. This surge resulted in an annualized sales volume of $387 million, the highest recorded in the past five years, exceeding the five-year average of $176 million. This strong retail performance underscores the potential for significant return on investment for this strategically positioned commercial land. The property's proximity to a major anchor tenant provides immediate access to a substantial customer base, making it ideal for a variety of commercial developments. This presents a rare chance to capitalize on the growth and momentum of this dynamic market. Serious inquiries are encouraged.