Technical
Financial
Distress signals
Property profile

629 Franklin St Lancaster, PA 17602

OFF-MARKET
Grocery and convenience stores
Property ID
US73-2614281
2,530 SF 0.07 ac lot Built 1924
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1924
Construction BRICK
Total area 2,530 SF
Lot 0.07 ac (3,049 SF)
Zoning code R2
APN 336-88892-0-0000
UPID US73-2614281

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
  • Clothing Store
  • Grocery & Convenience Store Food Market
  • Grocery & Convenience Store

Location

629 Franklin St Lancaster, PA 17602-2251
Lancaster metro Census 300 LANCASTER, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2023
Last sale
$380,000
3 recorded transactions
2023
$380,000
2016
$165,000
2014
$103,000

Zoning & alternative use

R2 · Lancaster, PA
Zoning description

R2 Districts may be waived. The applicant must also demonstrate to the Zoning Hearing Board's satisfaction that the granting of the special exception will not result in structural, safety or health hazards to abutting pr…

General category CIVIC_INSTITUTIONAL

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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