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Property profile & analytics
FOR LEASE
Community centers

2495 Lincoln Hwy E Lancaster, PA 17602

49,000 SF 7.6 ac lot Built 1988
Individually Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US73-1580121
2495 Lincoln Hwy E, Lancaster, PA 17602 For Lease
Contact for pricing 64,858 SF available
2495 Lincoln Hwy E, Lancaster, PA 17602
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Property summary
AI-generated overview

Lincoln Square, a single-story, 62,322 square foot retail strip center in Lancaster, PA, presents a unique investment opportunity. Built in 1988 and extensively renovated in 2024, this property boasts 16 suites ranging from 2,525 to 11,550 square feet, offering flexibility for various retail concepts. Situated on a 283,026 square foot lot at 2495 Lincoln Hwy E, Lancaster, PA 17602, the center benefits from high visibility due to its prime location on a major thoroughfare. The C2 zoning allows for a diverse range of retail uses. Ample parking is available for customers and tenants. The property's location in the heart of Lancaster provides access to a thriving community with numerous amenities, including popular restaurants, shops, and attractions like Dutch Wonderland and Sight & Sound Theatre. The surrounding area is experiencing significant growth with new residential and retail developments, ensuring a strong and expanding customer base. This property offers expansive windows for optimal visibility and customizable floor plans to suit individual tenant needs. The property's recent renovation ensures modern design and functionality, creating an attractive environment for businesses seeking to establish a strong presence in this vibrant Lancaster community. The Lancaster County Assessor's Parcel Number (APN) is 310-2404177-255305-0-0000.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 49,000 SF
Lot 7.6 ac (331,056 SF)
Zoning code C-2
APN 310-17705-0-0000
UPID US73-1580121
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
  • Dollar Tree Discount Store
  • Formula Fitness Gym & Fitness Center
  • Vita Empower Gym & Fitness Center
  • T-Mobile Authorized Retailer Telecommunications Service Data Center
  • VCA Bridgeport Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$10.57M
CAP Approach CAP
$13.75M
Comparable Approach Comparable
by Request
Blend (final) Blend
$10.46M
Owner & transaction history
Commonwealth Of Pennsylvania · 2 yrs held
Commonwealth Of Pennsylvania
since 2023
Last sale
$8.5M
5 recorded transactions
2023
Price N/A
2023
$8.5M
2017
$10.3M
2007
$9.4M
1969
Price N/A
Zoning & alternative use
C-2 · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $8.8M +409.6%
Medical building $7.9M +357.3%
Restaurant $7.4M +331.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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