1255 Market St Elizabethtown, PA 17022-2903
- Office Properties & Spaces
- 5,200 SF
- 0.78 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 1255 Market St
- Year built
- 1988
- Construction
- BRICK
- Lot size
- 0.78 lot acres
- Property size
- 5,200 SF
- Zone code
- C-G
- Property type
- Office Properties & Spaces
- APN
- 250-58199-0-0000
- APU
- 2505819900000
Description
This exceptional 1,200 square foot commercial office space, situated at 1255 S Market Street Unit 102 in Elizabethtown, Pennsylvania, presents a remarkable opportunity for businesses seeking a prime location. Boasting a highly desirable first-floor position, this turn-key space benefits from exceptional visibility and accessibility, situated in a high-traffic area with an estimated 26,000 vehicles passing daily. The open layout and modern finishes provide a versatile environment, adaptable to a wide range of business needs. The property sits on a 0.78-acre lot, offering ample space and potential for future expansion. Rent is $1,300 per month, a truly comprehensive rate that includes all utilities, common area maintenance (CAM) fees, and building maintenance, eliminating the complexities and uncertainties often associated with additional operational costs. This all-inclusive rental structure ensures a hassle-free and predictable budget for your business. This is an unparalleled opportunity to establish or expand your business in a thriving commercial area with exceptional visibility and convenience. The space is ready for immediate occupancy.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,075,000
- 6.5%
- $995,000
- 7%
- $925,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $957,000
- AI Estimate
- $1,090,000
Market price range: $487k - $1.38MMarket price range: $470k - $1.51M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $830,000 Current use
- RESTAURANT
- $1,055,000 Change: +27% Conversion: Difficult
- MEDICAL BUILDING
- $1,050,000 Change: +26% Conversion: Easy
- AUTO REPAIR, GARAGE
- $865,000 Change: +4% Conversion: Difficult
- RETAIL STORES
- $830,000 Change: -0% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Elizabethtown
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.5908
- Latitude
- 40.1409
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA