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    Property profile & analytics

    15 Main St Strasburg, PA 17579-1516

    • Retail space
    • 1,560 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Last Sale
    Mar 09, 2025
    $238,000
    Location Intelligence
    Property ID
    US73-0063354
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 15 Main St

    Year built
    1850
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Property size
    1,560 SF
    Zone code
    C-1
    Property type
    Retail space
    APN
    570-73614-0-0000
    APU
    5707361400000

    Description

    This 1,745 square foot mixed-use property at 15 W Main Street, Strasburg, PA, presents a unique investment opportunity. Situated on a 0.08-acre lot in the heart of historic Strasburg, this building boasts a prime location within walking distance of the Strasburg Railroad and numerous shops, capitalizing on significant tourist traffic. Previously operated as a dine-in barbecue restaurant, the ground floor offers ample space for a variety of commercial ventures. The upper floors provide substantial residential space, including a two-bedroom, one-bathroom apartment on the second floor, and a finished third-floor bedroom and living area. This versatile property is ideal for an owner-operator seeking a blend of commercial and residential income streams, or for an investor looking to capitalize on the thriving tourism sector in Strasburg. The property is being sold "as is," offering a chance to renovate and customize to suit your specific business needs and vision. The building's historic character and central location make it an exceptional opportunity for a savvy investor or entrepreneur. Don't miss this chance to own a piece of Strasburg's vibrant commercial landscape.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $345,000
      7%
      $365,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $390,000
      Mixed-Use
      $290,000
      Hospitality
      $355,000
      Educational
      $320,000
      Residential Income
      $380,000
      Energy
      $345,000
      Income-Based Land
      $305,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Strasburg
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.1789
    Latitude
    39.9831
    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
    $4,881
    $53,500
    $150,700
    $204,200
    -
    $53,500
    $150,700
    $204,200

    Comparable in this City

    • Value Estimation by Request
      9,180 SF

      321 Star Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,180 SF
      321 Star Rd, Strasburg, PA 17579-9603
      View Details
    • Value Estimation
      $415,000
      4,495 SF

      209 Gap Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,495 SF
      209 Gap Rd, Strasburg, PA 17579-9782
      View Details
    • Value Estimation
      $505,000
      14,296 SF

      215 Georgetown Rd

      RETAIL STORES (PERSONAL SERVICES) • 14,296 SF
      215 Georgetown Rd, Strasburg, PA 17579-9779
      View Details
    • Value Estimation
      $625,000
      20,100 SF

      Hartman Brg Rd

      RETAIL STORES (PERSONAL SERVICES) • 20,100 SF
      Hartman Brg Rd, Strasburg, PA 17579
      View Details
    • Value Estimation by Request
      21,169 SF

      421 Hartman Brg Rd

      RETAIL STORES (PERSONAL SERVICES) • 21,169 SF
      421 Hartman Brg Rd, Strasburg, PA 17579-9602
      View Details
    • Value Estimation
      $395,000
      8,083 SF

      407 Bunker Hl Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,083 SF
      407 Bunker Hl Rd, Strasburg, PA 17579-9705
      View Details

    Similar Nearby for Sale

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      0.60 Acres

      Vacant Lot in Strasburg, PA

      Vacant lot with views, close to historic Strasburg center.
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      View Details
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    15 Main St
    Strasburg, PA 17579-1516
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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