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Property profile & analytics
FOR SALE
Medical Office Space

3045 Marietta Ave Lancaster, PA 17601

12,570 SF 1.56 ac lot Built 1900
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US73-1074252
Property summary
AI-generated overview

This exceptional 15,710-square-foot medical office building, located at 3045 Marietta Avenue in Lancaster, Pennsylvania, presents a unique investment opportunity. Originally constructed in 1810 and extensively renovated in 1985 and 2001, the property seamlessly blends historic charm with modern functionality. The three-story building features a captivating log cabin waiting room, a testament to its rich history. Modern upgrades include elevator access to all floors, updated mechanical systems, and contemporary finishes throughout. The building boasts 59 parking spaces, grade-level entrances to the lower and main levels, and is ADA accessible, ensuring convenience and inclusivity. The 1.56-acre lot provides ample space, while the ceiling height ranges from 7'6" to 9'. The property is zoned Low Density Residential (RL) and previously housed a successful 15-physician family practice, demonstrating its suitability for a variety of medical uses. This single-tenancy building offers a compelling blend of historical character and modern amenities, making it an ideal location for a discerning medical practice or investor seeking a unique and well-maintained property in a desirable Lancaster location. The building's size and features make it suitable for a variety of medical uses.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1900
Construction FRAME
Total area 12,570 SF
Lot 1.56 ac (67,954 SF)
Zoning code SR
APN 290-67499-0-0000
UPID US73-1074252
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
  • Redman Francine L Physician
  • Rachel Hogg, MD Pediatrician Physician
  • Oyster Point Family Health Center: Carnegie Margaret L MD Pediatrician Physician
  • Dr. Suzanne M. Scott, MD Pediatrician Physician
  • Michael S. Shirk, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.65M
Blend (final) Blend
$1.96M
Owner & transaction history
David E Fuchs · 6 yrs held
David E Fuchs
since 2020
2 recorded transactions
1969
Price N/A
1969
Price N/A
Zoning & alternative use
SR · Lancaster, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.9M +2.3%
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