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Property profile

3711 E Newport Rd Gordonville, PA 17529

FOR LEASE
Car washes
Property ID
US73-1848992
4,431 SF 1.1 ac lot Built 1996
Individually Owned Absentee Owner ~ Est. High Equity
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3711 E Newport Rd, Gordonville, PA 17529 For Lease
$24,000/Mo
3711 E Newport Rd, Gordonville, PA 17529
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Property summary

AI-generated overview

This exceptional commercial property, situated at 3711 E Newport Road in Gordonville, PA, offers 1.1 acres of land and presents a unique leasing opportunity. Currently configured as a laundromat, the building is being offered as a blank slate, ready for tenant build-out to suit their specific needs. The existing bathroom and utility room will remain. Potential uses are diverse, ranging from a small car detailing shop to office or retail space. However, prospective tenants should contact Leacock Township to confirm allowable uses. The property boasts an enviable location on Route 772, just east of Intercourse, benefiting from high visibility and an estimated daily traffic count of 6,500 vehicles. This ensures excellent exposure for any business. The lease is a triple net (NNN) lease, meaning the tenant is responsible for all property taxes, insurance, and common area maintenance costs. Utilities will be pro-rated with other units on the property. This presents a rare chance to establish a business in a high-traffic area with significant potential for growth. The property's flexible layout and prime location make it an ideal choice for a variety of commercial ventures. Don't miss this opportunity to secure a prominent position in a thriving community. Inquire today to learn more about this exciting leasing opportunity.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,431 SF
Lot 1.1 ac (47,916 SF)
Zoning code C-1
APN 350-38048-0-0000
UPID US73-1848992

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Car Wash

Location

3711 E Newport Rd Gordonville, PA 17529
Gordonville metro Census 14101 LANCASTER, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$615k
Blend (final) Blend
$370k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

C-1 · Gordonville, PA
Top alternative use upside
Commercial (general) $1.1M +46.7%
Medical building $895,000 +21.0%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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