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Property profile & analytics
OFF-MARKET
Banks

2822 Main St Morgantown, PA 19543

3,577 SF 3.8 ac lot Built 1974
Entity Owned 7-yr Hold Free & Clear
Property ID
US73-1258434
Property summary
AI-generated overview

This 6,400 square foot, two-story office building is situated on a 3.8-acre lot at 2822 Main Street in Morgantown, Pennsylvania (19543). Built in 1974, this Class C property offers excellent visibility and accessibility, located along the busy PA Route 23 corridor. Its strategic location provides easy access to Lancaster, Berks, and Chester Counties via major roadways including the PA Turnpike (2 miles west of the Morgantown exit) and PA Route 176. The property is zoned HWY Commercial/Light Industrial, making it ideal for a variety of uses. The former bank building presents an opportunity for an owner-user to leverage the existing structure and ample flat land for potential expansion or redevelopment. Concept drawings for the site are available. The high traffic volume (20,000 vehicles per day) on PA Route 23 ensures significant visibility. The township's business-friendly zoning and municipal environment further enhance the property's appeal. The asking price is $1,450,000, translating to $226.56 per square foot. The property's APN is 050-70479-0-0000.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1974
Construction BRICK
Total area 3,577 SF
Lot 3.8 ac (165,528 SF)
Zoning code HCLI
APN 050-70479-0-0000
UPID US73-1258434
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
  • BB&T Insurance Services Insurance Agency
  • M&M Towing Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Olleroif LLC · 7 yrs held
Olleroif LLC
since 2018
Last sale
$1.5M
1 recorded transaction
2018
$450,000
Zoning & alternative use
HCLI · Morgantown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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