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    2090 Lincoln Hwy Lancaster, PA 17602

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    2090 Lincoln Hwy Lancaster, PA 17602

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    • Outlet malls
    • 314,703 SF
    • 21.60 lot acres
    For Lease
    $41 SF/Yr
    View Listing →
    Lancaster Highway Commercial Pad Site For Lease
    $41 SF/Yr

    Lancaster Highway Commercial Pad Site

    Prime Lancaster location, 10 acres, 1,802 sqft.

    2090 Lincoln Hwy, Lancaster, PA 17602
    View Listing
    Property ID
    US73-2650882
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Automotive Masters LLC / Auto Repair Shop
    • Manor Buffet / Restaurant / Buffet
    • Dollar Tree / Discount Store
    • Red Lobster / Restaurant
    • Hobby Lobby / (Bike/Boat/Book/etc) Store

    Property Details for 2090 Lincoln Hwy

    Year built
    1974
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    21.60 lot acres
    Property size
    314,703 SF
    Zone code
    C-2
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    310-22590-0-0000
    APU
    3102259000000

    Description

    This exceptional 1,802 square-foot retail pad site presents a prime opportunity in Lancaster, Pennsylvania. Located at 2090 Lincoln Highway East, this single-story building boasts a highly visible location within the bustling East Towne Centre, a 305,352 square-foot retail shopping center. The property benefits from its position along Lincoln Highway East (Route 30), a major thoroughfare serving Lancaster's thriving tourism and shopping district. The center is anchored by strong national retailers including Gabe's, Burlington Coat Factory, Harbor Freight Tools, Ollie's, and Red Lobster, ensuring high foot traffic and visibility for your business. The site is zoned commercial and offers excellent potential for a variety of retail uses. With no elevators and a single building, this property is straightforward and easy to manage. The cross street is Oakview Road, providing convenient access and additional exposure. This is an ideal location for businesses seeking to establish a presence in a high-traffic, established retail environment within the vibrant Lancaster market. The vacant space totals 1,802 square feet, ready for immediate occupancy. This presents a rare chance to capitalize on the established success of East Towne Centre and its strong tenant mix.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $37,898,000
      Market price range: $32.4M - $104M
      AI Estimate
      $24,025,000
      Market price range: $20.5M - $56.8M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $48,280,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.2369
    Latitude
    40.0294
    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
    $310,495
    $4,088,000
    $11,248,400
    $15,336,400
    -
    $4,088,000
    $11,248,400
    $15,336,400

    Comparable in this City

    • Value Estimation
      $17,825,000
      200,027 SF

      2034 Lincoln E Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 200,027 SF
      2034 Lincoln E Hwy, Lancaster, PA 17602-3329
      View Details
    • Value Estimation
      $590,000
      15,530 SF

      796th New Holland Ave

      SHOPPING CENTER, STRIP CENTER • 15,530 SF
      796th New Holland Ave, Lancaster, PA 17602-2137
      View Details
    • Value Estimation
      $2,375,000
      75,525 SF

      2417 Willow Hl Dr

      SHOPPING CENTER, STRIP CENTER • 75,525 SF
      2417 Willow Hl Dr, Lancaster, PA 17602
      View Details
    • Value Estimation by Request
      5,360 SF

      1614 Lincoln E Hwy

      SHOPPING CENTER, STRIP CENTER • 5,360 SF
      1614 Lincoln E Hwy, Lancaster, PA 17602-2610
      View Details
    • Value Estimation by Request
      7,673 SF

      1944 Lincoln E Hwy

      SHOPPING CENTER, STRIP CENTER • 7,673 SF
      1944 Lincoln E Hwy, Lancaster, PA 17602-5903
      View Details
    • Value Estimation
      $5,680,000
      208,150 SF

      2350 Lincoln E Hwy

      SHOPPING CENTER, STRIP CENTER • 208,150 SF
      2350 Lincoln E Hwy, Lancaster, PA 17602-1180
      View Details

    Similar Nearby for Sale

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      Retail Space Near Tourist Attractions

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      37,026 SF

      Prime Retail Land Opportunity

      Excellent location near outlets, Route 30, and Lancaster City.
      2031 E Lincoln Hwy, Lancaster, PA 17602
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      Lancaster Retail with Drive-Thru

      Prime retail property with high visibility and drive-through.
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      Commercially zoned property with truck maintenance, storage, and parking.
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      Retail Property on Route 30

      33,000 SF retail building on 5.6 acres for sale.
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      Pending

      Downtown Lancaster Investment Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      2,980 SF

      Premier Retail Shopping Center Space

      Retail space in high-traffic Lancaster shopping center.
      2495 Lincoln Hwy E, Lancaster, PA 17602
      View Details
    • Contact for pricing
      2,525 SF

      Premier Retail Space on Lincoln Highway

      Retail space in high-traffic Lancaster shopping center.
      2481 Lincoln Hwy E, Lancaster, PA 17602
      View Details
    • Contact for pricing
      10,000 SF

      Lancaster Retail Shopping Center Space

      Retail space available in a busy Lancaster shopping center.
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      1,341 SF

      Lancaster Retail Space on Route 30

      Retail and restaurant spaces available in high-traffic Lancaster shopping center.
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      View Details
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      High-Visibility Retail and Office Space

      Retail and office spaces with strong traffic, near Lancaster station.
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    • Contact for pricing

      Retail Space in Lancaster Center

      Prime retail opportunity in high-traffic Lancaster shopping center.
      35 S Willowdale Dr, Lancaster, PA 17602
      View Details
    View Listing
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    2090 Lincoln Hwy
    Lancaster, PA 17602
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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