550 Main St Shrewsbury, PA 17361-1739
- Retail space
- 1,800 SF
- 0.86 lot acres
Current Use by Public Records
- Retail space
Property Details for 550 Main St
- Year built
- 1978
- Lot size
- 0.86 lot acres
- Property size
- 1,800 SF
- Zone code
- CM
- Property type
- Retail space
- APN
- 84-000-03-0017.00-00000
- APU
- 840000300170000000
Description
This exceptional Shrewsbury, PA commercial property presents a unique investment opportunity. Situated on a 0.86-acre lot at a high-traffic corner in Southern York County, this commercially zoned property boasts three separate buildings totaling 7,408 square feet, offering diverse usage possibilities. One building, a recently refurbished 3,600 sq ft one-story structure, features a new metal roof, interior renovations, a new roll-up door, and was previously used for retail and warehouse space. A second, 2,300 sq ft two-story brick building, previously used for office and residential space, includes a ramp for accessibility and recent exterior upgrades (new roof, gutters, windows, paint). Both buildings have separate utilities and could be leased individually. A third, 400 sq ft brick building, formerly a garage and office, completes the complex. The property offers approximately 380 feet of combined road frontage, with access from both S. Main Street and Constitution Avenue. Located near major roadways (I-83) and numerous businesses (CVS, Wellspan Medical, etc.), this property is ideal for owner-users or redevelopment. Built in 1978, the property is handicap accessible and offers ample parking. Seller financing is available for qualified buyers. Contact the Shrewsbury Borough for permitted uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $720,000
- 6.5%
- $710,000
- 7%
- $685,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $845,000
- Geo Method
- $665,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $705,000
- Retail
- $765,000
- Mixed-Use
- $775,000
- Hospitality
- $730,000
- Educational
- $730,000
- Residential Income
- $770,000
- Energy
- $760,000
- Income-Based Land
- $650,000
- Food Service
- $735,000
Location Insight
- Map
- Local Demand
- City
- Shrewsbury
- County
- York
- State
- Pennsylvania
- Longitude
- -76.6781
- Latitude
- 39.7537
- CBSA code
- 49620
- CBSA name
- YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA