20 Homestead Rd Grantville, PA 17028
- Commercial real estate
- 12,500 SF
- 82.90 lot acres
Current Use by Public Records
- Weaver's Wrecking Yard / Auto Parts Store / Waste Management Facility
Property Details for 20 Homestead Rd
- Year built
- 2017
- Lot size
- 82.90 lot acres
- Property size
- 12,500 SF
- Property type
- Commercial real estate
- APN
- 21-2278871-386668-0000
- APU
- 2122788713866680000
Description
This exceptional 17-acre industrial property in Grantville, Pennsylvania, presents a unique investment opportunity. The well-established salvage yard, operational for over 35 years, boasts convenient access to I-81 and Route 743, with minimal neighboring properties. The expansive lot includes a large four-bedroom farmhouse, several smaller buildings, a 7,500-square-foot drive-through pole building, and a 4,000-square-foot steel building (though damaged, still usable). The property is brimming with inventory, including thousands of cars (primarily Ford), trucks, buses, aluminum wheels, body parts, and various mechanical and electrical components. An original barn on the site is also filled with car parts. The property's 25,000 square feet of building space is situated on a 17-acre lot, zoned for industrial use. The asking price is $1,995,000, with a price per square foot of $79.80. The property is offered as a 100% ownership opportunity and is suitable for a 1031 exchange. The property's proximity to Copart Auto Auction in Grantville further enhances its potential. The occupancy date is January 31, 2023. Built in 1920, this property offers significant potential for an owner-user or investor, with owner financing a possibility.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,284,000
- AI Estimate
- $1,189,000
Market price range: $421k - $1.28MMarket price range: $401k - $1.19M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $825,000 Current use
- RESTAURANT
- $1,905,000 Change: +131% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,545,000 Change: +87% Conversion: Difficult
- MEDICAL BUILDING
- $1,450,000 Change: +76% Conversion: Easy
- RETAIL STORES
- $1,160,000 Change: +41% Conversion: Easy
- OFFICE BUILDING
- $975,000 Change: +18% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $940,000 Change: +14% Conversion: Moderate
- WAREHOUSE, STORAGE
- $905,000 Change: +10% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Grantville
- County
- Lebanon
- State
- Pennsylvania
- Longitude
- -76.6335
- Latitude
- 40.3896
- CBSA code
- 30140
- CBSA name
- LEBANON, PA METROPOLITAN STATISTICAL AREA