2110 Spg Vly Rd Lancaster, PA 17601-2427
Property profile & analytics
2110 Spg Vly Rd, Lancaster, PA 17601-2427
- Retail space
- 66,581 SF
- 6.60 lot acres
Property ID
US73-2071930
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.
Location Intelligence
Current Use by Public Records
- CVS Photo / (Bike/Boat/Book/etc) Store
- Santander Bank ATM / Atm
- CVS Pharmacy / Pharmacy
- LibertyX Bitcoin ATM / Atm
- Redbox / Cinema / (Bike/Boat/Book/etc) Store
Property Details for 2110 Spg Vly Rd
- Year built
- 1998
- Construction
- FRAME
- Lot size
- 6.60 lot acres
- Zone code
- CC
- Property type
- Retail space
- APN
- 290-01920-0-0000
- APU
- 2900192000000
Description
This exceptional investment opportunity presents a 13,225 square foot CVS Pharmacy located at 2110 Spring Valley Road, Lancaster, PA 17601. The property boasts a strong 8.75% cap rate and a substantial net operating income (NOI) of $182,167. Built in 2009, this single-tenant, absolute NNN leased property offers a remaining lease term of approximately 11 years, with multiple options to extend, providing long-term stability and predictable cash flow. The lease commenced September 13, 2010, and expires October 31, 2035. The property sits on a 0.35-acre lot and is zoned GC (General Commercial). The asking price is $2,082,000, translating to a price per square foot of $157.43. This drive-thru equipped location benefits from a highly visible, signalized corner intersection within a dense medical office building corridor, adjacent to a grocery outlet center, and close to Park City Center. The property features a 100% occupancy rate and offers zero landlord responsibilities, making it an ideal, low-maintenance investment. Lease extension options include one (4-year, 3-month) and four (5-year) options, further solidifying the long-term value of this asset. The property's APN is 290-01920-0-0000. This investment is well-suited for out-of-state investors seeking a passive income stream with minimal management requirements.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $13,530,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.3584
- Latitude
- 40.0623
- 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
$145,137
$1,650,000
$5,066,100
$6,716,100
-
$1,650,000
$5,066,100
$6,716,100
