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Property profile & analytics

480 New Holland Ave Lancaster, PA 17602-2291

  • Office Properties & Spaces
  • 120,547 SF
  • 7.50 lot acres
OFF-MARKET
Value Estimations
$27,425,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US73-1241694
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Panagopoulos Dana C / Law Firm
  • Vanguard Professional Concrete Contractors - Lancaster / Construction Company / General Contractor
  • Eliance Health Solutions / Physician
  • Master's Wealth Management / Financial Advisor
  • Work Wisdom / Education Center / Psychologist

Property Details for 480 New Holland Ave

Year built
1919
Construction
STEEL FRAME
Lot size
7.50 lot acres
Property size
120,547 SF
Zone code
MU
Property type
Office Properties & Spaces
APN
336-76484-0-0000
APU
3367648400000

Description

This exceptional three-story, 105,000 square foot office building, originally constructed in 1865 and extensively renovated in 2005, presents a unique investment opportunity. Located at 480 New Holland Avenue, the property boasts a blend of creative, traditional, and medical office spaces, making it suitable for a diverse range of tenants. Currently, there is 2,800 square feet of vacant space available, offering immediate occupancy potential. The building features impressive 9-10 foot ceilings, adding to its spacious and airy feel. With a mixed-use zoning designation, the possibilities for development and expansion are significant. The property includes convenient amenities such as over 100 parking spaces, ensuring ample parking for tenants and visitors. Further enhancing its appeal are the building's impeccable finishes, rich woodwork, and access to on-site meeting spaces, a hotel, and dining options within the Urban Place complex. The building is equipped with elevators and a 200-amp power supply, catering to modern business needs. This is a rare opportunity to acquire a beautifully restored, historically significant property in a prime location, offering a strong return on investment. The available space is 2,340 square feet, perfect for a variety of businesses.


Value Estimations

based on Realmo’s proprietary methodology
  • CAP approach

    CAP Return
    Estimation
    6%
    $24,955,000
    6.5%
    $23,035,000
    7%
    $21,390,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $33,996,000
    Market price range: $11.8M - $34.0M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Lancaster
County
Lancaster
State
Pennsylvania
Longitude
-76.2949
Latitude
40.0467
CBSA code
29540
CBSA name
LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$672,683
$690,000
$16,310,000
$17,000,000
-
$690,000
$16,310,000
$17,000,000
More about this property
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