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Property profile & analytics
OFF-MARKET Estimated value $13,795,000
Manufacturing properties

1838 Colonial Vlg Ln Lancaster, PA 17601-6700

141,493 SF 22 ac lot Built 1986
Entity Owned 3-yr Hold Free & Clear
Property ID
US73-2014270
Property summary
AI-generated overview

This exceptional 149,808-square-foot industrial facility, located at 1838 Colonial Village Lane in Lancaster, Pennsylvania, 17601, presents a unique opportunity for businesses seeking expansive space and strategic location. The property, classified as Class B, sits on approximately 22 acres and is zoned for Business Park use. The building boasts a single-tenant occupancy, offering significant flexibility for a variety of industrial operations. The substantial square footage is well-suited for manufacturing, warehousing, and distribution, with the first floor primarily dedicated to these functions, including laboratory space and administrative areas. The second floor features private offices, conference rooms, a training area, and a mezzanine, providing ample space for management and support staff. The building's features include 24-foot ceilings, eight loading docks, one drive-in door, and one elevator, ensuring efficient material handling and accessibility. Ample parking is available with approximately 322 spaces on-site. The property offers significant potential for future expansion, and there's the added advantage of potential rail access. This is a rare opportunity to acquire a large, well-equipped industrial property in a desirable Lancaster location.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1986
Construction STEEL FRAME
Total area 141,493 SF
Lot 22 ac (958,320 SF)
Zoning code I
APN 310-58029-0-0000
UPID US73-2014270
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
  • Johnson & Johnson Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$10.78M
CAP Approach CAP
$12.13M
Comparable Approach Comparable
by Request
Blend (final) Blend
$13.80M
Owner & transaction history
High Properties · 3 yrs held
High Properties
since 2023
Last sale
$14.0M
3 recorded transactions
2023
$14.0M
2023
Price N/A
2011
Price N/A
Zoning & alternative use
I · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $21.7M +34.1%
Warehouse, storage $19.2M +18.4%
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