1280 N Plum St Lancaster, PA 17601
- Office Properties & Spaces
- 47,889 SF
Current Use by Public Records
- Trustmark Insurance Co / Insurance Agency
- CoreSource / Insurance Agency
- Trustmark Health Benefits / Insurance Agency
Property Details for 1280 N Plum St
- Year built
- 2010
- Property size
- 47,889 SF
- Property type
- Office Properties & Spaces
- APN
- 336-69689-1-0003
- APU
- 3366968910003
Description
This exceptional 47,250-square-foot office building, constructed in 2010, presents a unique investment opportunity. Located within Lancaster City limits in a desirable business park setting, the property boasts a single-tenant occupancy, minimizing management complexities. The building's strategic location provides unparalleled accessibility, with convenient access to major thoroughfares including Route 30, Route 283, Route 222, Oregon Pike, Route 23, and Lititz Pike. Commuting is further simplified by its proximity to the Lancaster Amtrak station. Ample parking is ensured with a substantial 325-space lot surrounding the building. The property is zoned for mixed use, offering potential for future expansion or diversification. The single-story building offers efficient layout and functionality. Its location also places it within easy reach of a wide array of shopping and dining options, enhancing its appeal to both employees and clients. This property represents a rare opportunity to acquire a well-maintained, strategically located, and sizable office building in a thriving Lancaster County market. The building's size, parking availability, and convenient location make it an ideal choice for a variety of businesses. The 2010 construction ensures modern amenities and efficient systems. This is a turnkey solution for a business seeking a substantial and well-situated office space.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $9,915,000
- 6.5%
- $9,150,000
- 7%
- $8,495,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $11,806,000
Market price range: $4.41M - $15.2M
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Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.3024
- Latitude
- 40.0549
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA