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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
    2011
    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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