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    1950 Old Philadelphia Pike Lancaster, PA 17602

    • Banks
    • 2,232 SF
    • 0.98 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimation
    Last Sale
    Oct 28, 2022
    $1,525,000
    Location Intelligence
    Property ID
    US73-1768341
    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

    • BB&T - ATM / Atm

    Property Details for 1950 Old Philadelphia Pike

    Year built
    1971
    Construction
    BRICK
    Lot size
    0.98 lot acres
    Property size
    2,232 SF
    Zone code
    C-2
    Property type
    Banks
    APN
    310-84485-0-0000
    APU
    3108448500000

    Description

    This exceptional Lancaster, PA retail property, located at 1950 Old Philadelphia Pike, offers 2,240 square feet of space in a single-tenant building situated on a 0.98-acre lot. Built in 1966 and renovated in 2012, the property boasts 16 parking spaces and a convenient drive-through option. Its prime location directly off US Highway Route 30 ensures high visibility and accessibility, with an average daily traffic count exceeding 19,165 vehicles. The flexible neighborhood commercial zoning allows for diverse uses, including financial institutions, restaurants, daycare centers, medical or dental offices, retail sales, or general office space. The entire 2,240 square feet is currently vacant, presenting a unique opportunity for a business seeking a high-traffic location in a thriving commercial area. This property is ideal for a business looking to establish a strong presence in Lancaster, Pennsylvania. The combination of high visibility, ample parking, and flexible zoning makes this a truly exceptional opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,860,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,560,000
      6.5%
      $1,685,000
      7%
      $1,600,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,665,000
      Geo Method
      $1,335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,735,000
      Retail
      $1,470,000
      Mixed-Use
      $1,745,000
      Hospitality
      $1,820,000
      Educational
      $1,835,000
      Residential Income
      $1,700,000
      Energy
      $1,670,000
      Income-Based Land
      $1,485,000
      Food Service
      $1,460,000

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.2487
    Latitude
    40.0402
    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
    $8,046
    $274,400
    $123,000
    $397,400
    -
    $274,400
    $123,000
    $397,400

    Comparable in this City

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      820 Duke St

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      100 King St

      FINANCIAL BUILDING • 7,717 SF
      100 King St, Lancaster, PA 17602-3175
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    • Value Estimation
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      1,762 SF

      22 Mcgovern Ave

      FINANCIAL BUILDING • 1,762 SF
      22 Mcgovern Ave, Lancaster, PA 17602
      View Details
    • Value Estimation by Request
      752 SF

      452 Duke St

      FINANCIAL BUILDING • 752 SF
      452 Duke St, Lancaster, PA 17602-4241
      View Details

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      Lancaster Bank Building for Sale

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    Similar Nearby for Lease

    • $1,500,000
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      Lancaster Retail with Drive-Thru

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    Lancaster, PA 17602
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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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