337 Main St New Holland, PA 17557-1207
C-1 Commercial District are designed to provide for the special needs of the Borough's central and retail business areas and to encourage their development in compact shopping centers with residential and certain incompatible business uses restricted with a view to encouraging sound commercial development. In the C-1 Commercial District, the following regula…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
C-1 · New Holland, PAC-1 Commercial District are designed to provide for the special needs of the Borough's central and retail business areas and to encourage their development in compact shopping centers with residential and certain incompatible business uses restricted with a view to encouraging sound commercial development. In the C-1 Commercial District, the following regulations shall apply: 1. Use Regulations. A building or a group of buildings may be erected and used, and a lot may be used or occupied, for any of the following purposes and no other, and each use shall comply with the area, height, yard and special design requirements contained herein. A. Any use permitted in R-2 Residential District, except cemetery, hospital, and apartment development or townhouse development or condominium development. B. Retail store; manufacturing display room, not to include motor vehicle or heavy equipment sales agency, motor vehicle or heavy equipment repair shop, or similar use. C. Medical Marijuana Dispensary. D. Restaurants. E. Professional or business office, or studio, medical or dental clinic or laboratory. F. Club or lodge. G. Bank. H. Personal service shop, including clothing, barber, beauty, or similar shop. I. Confectionery, bakery or custom shop for making articles to be sold on the premises. J. Dry cleaning or clothes pressing, laundry. K. Funeral Home. L. Business, private school, or trade school. M. Printing or publishing establishment. N. Utility office; utility line; electric substation or similar utility facility or use. 559 O. Motor vehicle parking lot, not to include junked, wrecked, stripped or abandoned motor vehicles or vehicles used for human habitation, as identified in New Holland Borough Ordinance #300. [Chapter 10, Part 1]. P. The following uses, when authorized by the Zoning Hearing Board as a special exception, subject to the general standards specified in §1607 of this Chapter: (1) Theater or indoor place of amusement, recreation or assembly (not including skating rink, bowling alley, or similar establishment). (2) Craftsman or general service shop, including plumbing, heating, tool and similar small shop. (3) Wholesale business establishment when located within a completely enclosed building, provided that such use shall not detract substantially from the predominately retail character of the surrounding district area.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.