Property profile

1127 S State St Ephrata, PA 17522

FOR LEASE
Retail space
Property ID
US73-0155153
92,217 SF 11.5 ac lot Built 1981
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 1.5-acre commercial pad site, located at 1127 S State Street in Ephrata, Pennsylvania, presents a unique opportunity for businesses seeking a prime location in Lancaster County. Zoned (C) Commercial, this single-tenant property offers significant potential for development. The expansive lot size provides ample space for a variety of commercial ventures, allowing for substantial building construction and ample parking. The property's address is 1127 S State St, Ephrata, PA 17522, offering excellent visibility and accessibility. Its convenient location within Ephrata ensures easy access to local amenities, a strong workforce, and key transportation routes. This is a blank canvas for your next commercial project, allowing for complete customization to meet your specific business needs. The property is currently available for lease, providing an immediate opportunity to establish a presence in this thriving community. Serious inquiries are encouraged to explore the possibilities this exceptional commercial land parcel offers. The property is classified as Commercial Land and is a Commercial Pad Site. The total building square footage is listed as 1 square foot, indicating the land is undeveloped and ready for construction. This presents a rare chance to build a new commercial structure tailored to your business requirements. The property's geographic coordinates are 40.1684403 latitude and -76.1998274 longitude.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Construction FRAME
Total area 92,217 SF
Lot 11.5 ac (500,940 SF)
Zoning code C
APN 270-60010-0-0000
UPID US73-0155153

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Home Appliance Store
  • Electric Vehicle Charging Station
  • Department Store

Location

1127 S State St Ephrata, PA 17522
Ephrata metro Census 12404 LANCASTER, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.41M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.67M
Blend (final) Blend
$5.55M

Owner & transaction history

since 2021
Last sale
$4.6M
4 recorded transactions
2021
Price N/A
2021
$4.6M
2019
$2,529
2006
$3.5M

Zoning & alternative use

C · Ephrata, PA

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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