1262 Lititz Pike Lancaster, PA 17601-4340
Property Lookup
Property profile & analytics
1262 Lititz Pike Lancaster, PA 17601-4340
- Grocery and convenience stores
- 105,995 SF
- 21.22 lot acres
Property ID
US73-1600131
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Walgreens / Pharmacy
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- FedEx OnSite / Postal Service / Courier Service
- Walgreens Pharmacy / Pharmacy
- Bitcoin Depot | BDCheckout / Atm
Property Details for 1262 Lititz Pike
- Year built
- 1958
- Construction
- BRICK
- Lot size
- 21.22 lot acres
- Property size
- 105,995 SF
- Zone code
- B-4
- Property type
- Grocery and convenience stores
- APN
- 390-91570-0-0000
- APU
- 3909157000000
Description
This 202,790 square foot shopping center in Lancaster, Pennsylvania, boasts a strong tenant roster including Walgreens, Dollar Tree, Advanced Auto Parts, LA Fitness, and Staples. The center enjoys a prime location with excellent regional connectivity and transportation access, serving a highly desirable trade area with a substantial population and high average household income within a 5-mile radius. The property benefits from a synergistic tenant mix, high occupancy, and significant leasing momentum, providing a stable income stream with a weighted average lease term exceeding 4.5 years and a weighted average tenant tenure exceeding 18.4 years. Over 83% of the income is derived from tenants with national credit ratings. The center's in-fill location and strong tenant base offer investors a secure and durable income opportunity. The anchor tenants, representing 43% of gross income, have been in place for over 19 years. The property's contemporary merchandising mix includes food & beverage, fitness, and other service-oriented uses, creating a true destination-oriented shopping experience. This exceptional investment opportunity combines a stable income stream with significant long-term growth potential in a thriving market. The property's location within Lancaster County provides excellent transportation infrastructure and benefits from significant economic demand drivers in the immediate trade area.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $20,790,000
- 6.5%
- $19,190,000
- 7%
- $17,820,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $10,561,000
Market price range: $4.06M - $10.6M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $21,540,000 Current use
- RESTAURANT
- $24,690,000 Change: +15% Conversion: Easy
- MEDICAL BUILDING
- $24,130,000 Change: +12% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.3083
- Latitude
- 40.0611
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$353,728
$3,341,500
$13,006,500
$16,348,000
-
$3,341,500
$13,006,500
$16,348,000
