65 Baltimore St, Spring Grove, PA 17362-7986
- Retail space
- 9,360 SF
- 1.39 lot acres
Current Use by Public Records
- Dollar General / Discount Store
- Western Union / Bank / Credit Union
- FedEx OnSite / Postal Service / Courier Service
Property Details for 65 Baltimore St
- Year built
- 2016
- Lot size
- 1.39 lot acres
- Zone code
- RS
- Property type
- Retail space
- APN
- 73-000-DG-0016.C0-00000
- APU
- 73000DG0016C000000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 30, 2025 | $1,300,000 | Revti LLC | Spring Grove Dollgen LLC | Special Warranty Deed | $1M · First National Bank Of Pennsylvania |
| Nov 19, 2018 | $1,513,000 | Spring Grove Dollgen LLC | Spring Grove Dpp LLC | Special Warranty Deed | $1.1M · Td Bank NA |
| Jul 27, 2016 | $165,000 | Spring Grove Dpp LLC | Tactical Real Estate LLC | Trustees Deed · related | $1.1M · First Tn Bk |
| Jun 6, 2014 | $82,000 | Tactical Real Estate LLC | Wellspan Properties INC | Warranty Deed | $66k · Peoplesbank |
Description
This 9,100 square foot Dollar General store in Spring Grove, PA, presents a compelling investment opportunity. Located at 65 Baltimore St, 17362, this property boasts a 7.91% cap rate and a substantial net operating income (NOI) of $102,888. The absolute NNN lease with Dollar General, a credit-rated tenant with a corporate guarantee, provides significant security and minimal landlord responsibilities. With a remaining lease term of 7.1 years (expiring December 31, 2031), this investment offers predictable cash flow. Built in 2016 and situated on a 1.4-acre lot, the property benefits from a recent (2023) interior remodel, including the addition of coolers and self-checkout. The location is advantageous, with minimal competition within a five-mile radius and a large population base within a ten-mile radius (over 125,000 residents). The asking price is $1,300,000 ($142.86/sq ft). This property is ideally positioned to benefit from the growth in the York-Hanover MSA, which is home to over 450,000 people, and is centrally located between Hanover, Shrewsbury, and York, Pennsylvania. Furthermore, the property's proximity (2 miles) to a new residential development adds to its long-term potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,135,000
- ML approach
- $1,230,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,136,000
Market price range: $433k - $1.14M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,115,000
- MEDICAL BUILDING
- $1,030,000
- AUTO REPAIR, GARAGE
- $960,000
- WAREHOUSE, STORAGE
- $835,000
- COMMERCIAL (GENERAL)
- $785,000
- OFFICE BUILDING
- $765,000
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Location Insight
- Map
- Local Demand
- City
- Spring Grove
- County
- York
- State
- Pennsylvania
- Longitude
- -76.8376
- Latitude
- 39.8118
- CBSA code
- 49620
- CBSA name
- YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA
