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820 Plz Blvd Lancaster, PA 17601-2738

Retail space Google Maps
15,000 SF 1.92 ac lot Built 1981
Entity Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$765k
Range $689k – $842k (±10%)
Property ID US73-1739395

Property summary

AI-generated overview

820 Plaza Boulevard presents a remarkable opportunity to acquire a 15,000-square-foot free-standing retail building situated on a 1.92-acre lot in Lancaster County, Pennsylvania. This single-tenant property enjoys a highly visible location adjacent to the bustling Park City Mall, ensuring exceptional exposure to a large and diverse customer base. The building's strategic placement within a vibrant commercial corridor, surrounded by prominent national and regional anchors such as TJ Maxx, Bonefish Grill, Olive Garden, and BJ's Restaurant & Brewhouse, guarantees significant foot traffic and brand recognition. The versatile space is well-suited for a variety of uses, including medical, retail, and service-oriented businesses, offering considerable flexibility for prospective tenants. The property's net-net-net (NNN) charges are competitively priced at $5.03 per square foot. This exceptional location, combined with the substantial building size and convenient access to major thoroughfares, makes 820 Plaza Boulevard an ideal investment for discerning buyers seeking a high-impact retail presence in a thriving Lancaster County market. The property's ample lot size also provides significant potential for future expansion or development. This is a rare opportunity to secure a prime retail location in a high-traffic area with strong surrounding tenancy.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Construction BRICK
Total area 15,000 SF
Lot 1.92 ac (83,635 SF)
Zoning code C3
APN 339-78070-0-0000
UPID US73-1739395

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.72M
Comparable Approach Comparable
by Request
Blend (final) Blend
$765k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2019
Price N/A
2010
Price N/A

Zoning & alternative use

C3 · Lancaster, PA
Zoning description

y require a larger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2, R3, R4, RO, MU (feet) Nonresidential Districts C1, C2,…

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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