1208 Harrisburg Ave, Lancaster, PA 17603-2516
- Investment properties
- 16,955 SF
- 1.60 lot acres
Current Use by Public Records
- Premium Finish / Auto Repair Shop
Property Details for 1208 Harrisburg Ave
- Year built
- 1941
- Construction
- FRAME
- Lot size
- 1.60 lot acres
- Zone code
- B-4
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 390-39479-0-0000
- APU
- 3903947900000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 25, 2021 | — | Groff Lepage Limited Partnership | — | Deed · related | $870k · Univest Bank & Trust Co |
| Oct 13, 2020 | — | Groff Lepage Limited Partnership | — | Deed · related | $65k · Univest Bank & Trust Co |
| Mar 1, 2011 | $1,075,000 | Groff Of Lepage LP | Faulkner,judith S | Grant Deed | $662k · Union National Community Bank |
| Dec 29, 2009 | — | Judith S Faulkner | — | Deed Of Trust · related | $3.8M · Fulton Bank |
| Oct 8, 2002 | — | Judith S Faulkner | — | Deed Of Trust · related | $2.5M · Fulton Bank |
| — | — | Groff Of Lepage LP | — | Deed Of Trust · related | $544k · Edc Financial Corp |
| — | — | Groff Of Lepage LP | — | Deed Of Trust · related | $100k · Union Community Bank Fsb |
Description
This exceptional freestanding commercial building, situated at 1208 Harrisburg Avenue in Lancaster, Pennsylvania (zip code 17603), presents a compelling investment opportunity. Boasting a total of 30,172 square feet, the property is strategically located at a high-traffic intersection in Lancaster County, offering convenient access to Lancaster city and major highways. The building's diverse layout encompasses retail, office, warehouse, and garage/parking space, currently occupied by two tenants under a modified lease agreement. The current lease term is five years, commencing March 31, 2021, and expiring March 29, 2026. The Net Operating Income (NOI) is $181,640. The property sits on a 1.6-acre lot and is zoned B-4 - Business with T-4 Urban Neighborhood Overlay. This owner-user investment opportunity is ideal for those seeking a diversified portfolio with strong rental income potential. The property's multi-tenant structure provides stability and minimizes risk. The convenient location and versatile space make it an attractive option for a variety of businesses. The property's address is 1208 Harrisburg Avenue, Lancaster, PA 17603, and the Assessor's Parcel Number (APN) is 390-39479-0-0000. This is a rare opportunity to acquire a well-established, income-producing commercial property in a thriving Lancaster County location.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,393,000
- AI Estimate
- $4,190,000
Market price range: $2.84M - $6.62MMarket price range: $2.00M - $6.80M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $4,395,000 Current use
- MEDICAL BUILDING
- $3,860,000 Change: -12% Conversion: Easy
- RETAIL STORES
- $3,690,000 Change: -16% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.325
- Latitude
- 40.053
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA
