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Property profile & analytics
OFF-MARKET Estimated value $1,600,000
Retail space

16 Graybill Rd Leola, PA 17540-1908

21,194 SF 1 ac lot Built 1940
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US73-2237241
Property summary
AI-generated overview

This exceptional mixed-use investment opportunity presents two freestanding retail buildings totaling over 29,380 square feet situated on a 1.81-acre lot in Leacock-Leola-Bareville, PA. Conveniently located just off Route 23, this property boasts 50 parking spaces and offers significant flexibility with its MU (Mixed Use) zoning in Upper Leacock Township. The buildings, constructed in 1940, provide a combined 10,202 to 19,178 square feet of main-level retail space, with additional square footage available in upper levels and outbuildings. The asking price is $2,050,000, translating to approximately $69.78 per square foot. The property's ample space and versatile zoning permit a wide range of uses, including retail, daycare, and medical/dental/professional offices. The property features a 600-amp, 3-phase electrical service (PPL). The parcel's APN is 360-22745-0-0000, and ownership is fee simple. This is a rare opportunity to acquire a substantial retail property in a desirable location with significant upside potential.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1940
Construction STEEL FRAME
Total area 21,194 SF
Lot 1 ac (43,560 SF)
Zoning code MU
APN 360-22745-0-0000
UPID US73-2237241
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Harry's Furniture Center Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.60M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$1.60M
Owner & transaction history
Armar Properties LLC · 1 yrs held
Armar Properties LLC
since 2024
Last sale
$1.6M
5 recorded transactions
2024
$1.6M
2017
Price N/A
2016
Price N/A
2007
Price N/A
1969
Price N/A
Zoning & alternative use
MU · Leola, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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