418 Brg St New Cumberland, PA 17070-1927
- Retail space
- 0.20 lot acres
Current Use by Public Records
- Retail space
Property Details for 418 Brg St
- Lot size
- 0.20 lot acres
- Property type
- Retail space
- APN
- 25-24-0813-093
- APU
- 25240813093
Description
This exceptional 5,000-square-foot retail building, situated at 418 Bridge St in New Cumberland, PA (17070), presents a unique investment opportunity. Built in 1957, this two-story structure sits on a 0.2-acre lot and boasts a single-tenant occupancy. The property features an open floor plan, readily adaptable to a variety of uses. Existing amenities include a commercial kitchen, locker/restroom facilities, and ample basement storage. The building's mixed-use zoning, enhanced by a downtown overlay district designation, allows for diverse commercial ventures, including breweries, distilleries, event spaces, daycare centers, and medical offices, among others. On-site and street parking is available. The property's location at the intersection of Bridge St and 5th Ave places it within easy reach of the vibrant New Cumberland community. The 5,000 square feet of vacant space is in turnkey condition, making it ideal for immediate occupancy. This presents a rare chance to capitalize on the revitalization of New Cumberland's downtown area and contribute to its continued growth. The property's APN is 25-24-0813-093.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $325,000
- 6.5%
- $295,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $280,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $250,000
- Mixed-Use
- $315,000
- Hospitality
- $290,000
- Educational
- $315,000
- Residential Income
- $295,000
- Energy
- $270,000
- Income-Based Land
- $285,000
- Food Service
- $250,000
Location Insight
- Map
- Local Demand
- City
- New Cumberland
- County
- Cumberland
- State
- Pennsylvania
- Longitude
- -76.8667
- Latitude
- 40.2276
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA