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Property profile

1551 S Market St Elizabethtown, PA 17022

FOR LEASE
Retail space
Property ID
US73-1759530
15,000 SF 3.6 ac lot Built 1959
Last sale Jun 2026 · $331,900
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of a 1,697 sq ft former quick-service restaurant building on a 0.9-acre site located at 1551 S Market St, Elizabethtown, Pennsylvania 17022. The site is configured to support continued restaurant use within the existing structure or potential redevelopment/build-to-suit development on the available land, depending on the intended use. The building provides an established restaurant-style space suitable for reuse or adaptation for new development plans.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$41k
Tax billed · 2024
Assessed value$1.60M
Assessed land$476k
Assessed improvement$1.13M
Effective rate2.53%

Value estimate

· Oct 2026
$2.72M
$2.44M – $2.99M
CAP approach$2.72M
Submarket $/SF estimate$3.44M
NOI build-up
Gross scheduled income$49k
Vacancy & credit loss−$3k
Operating expenses−$12k
NOI · 115,526.67% cap applied$35k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$159/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$81 – $230
Qualifying comparables3

Cap rate analysis

How does the asset earn?
115,526.67%
$35k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionLANCASTER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.3
Law Firm14.0
Convenience Store9.5

Location

1551 S Market St Elizabethtown, PA 17022
County assessor Recorded deeds · 6 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
626 Peach Aly, Elizabethtown, PA 17022-2578 $1,050,000 Nov 2025 21,116 SF
19 Market, Elizabethtown, PA 17022-2308 $425,000 May 2025 8,415 SF
601 High, Elizabethtown, PA 17022-1744 $525,000 Dec 2023 7,849 SF
101 Market, Elizabethtown, PA 17022-2310 $1,500,000 Dec 2021 8,256 SF
50 Spruce, Elizabethtown, PA 17022-1966 $330,000 Dec 2021 7,560 SF
4 Market, Elizabethtown, PA 17022-2373 $450,000 Aug 2021 8,166 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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