Property profile

36 Forrest Ave Shrewsbury, PA 17361

OFF-MARKET
Commercial land
Property ID
US73-1625930
1.01 ac lot
Entity Owned 24-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1.01-acre commercial land parcel presents a unique investment opportunity in the thriving Shrewsbury, Pennsylvania market. Strategically located on East Forrest Avenue, this property enjoys high visibility and accessibility, situated on the main thoroughfare connecting Interstate 83 to Shrewsbury's vibrant downtown area. The convenient location ensures excellent exposure to a substantial daily traffic volume, benefiting from the strong demographics and consistent growth experienced within Shrewsbury. Zoned as Village, this versatile property allows for a diverse range of commercial and residential development options, catering to a variety of business and housing needs. The site's size and location make it ideal for a variety of commercial ventures, from retail establishments and restaurants to professional offices or light industrial uses. This prime location offers significant potential for substantial returns on investment, capitalizing on Shrewsbury's ongoing commercial and residential expansion. The property's address is 36 E Forrest Ave, Shrewsbury, PA 17361, within York County. This is a single-tenant property, offering a clear and straightforward development path. The property's latitude and longitude coordinates are 39.768506 and -76.678458 respectively. This presents a rare chance to acquire a well-positioned commercial lot in a rapidly growing area.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.01 ac (43,996 SF)
Zoning code V
APN 84-000-02-0082.A0-00000
UPID US73-1625930

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

36 Forrest Ave Shrewsbury, PA 17361-1418
Shrewsbury metro Census 23824 YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

Zoning & alternative use

V · Shrewsbury, PA
Zoning description

The purpose of this district is to provide for the continued development of the existing residential and public uses as well as to encourage the preservation of the character of the original settlement of Shrewsbury and…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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