1208 Harrisburg Ave Lancaster, PA 17603-2516
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-4 · Lancaster, PACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.