864 Route 41 Gap, PA 17527
Property Lookup
Property profile & analytics
864 Route 41 Gap, PA 17527
- Retail space
- 3,200 SF
- 1.25 lot acres
Property ID
US73-2450953
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 864 Route 41
- Year built
- 2006
- Construction
- FRAME
- Lot size
- 1.25 lot acres
- Property size
- 3,200 SF
- Zone code
- R-1
- Property type
- Retail space
- APN
- 560-68311-0-0000
- APU
- 5606831100000
Description
This exceptional commercial property at 864 Route 41, Gap, PA, presents a unique investment opportunity with three income-generating spaces on a 1.25-acre lot. The property totals 3,138 square feet and comprises two separate units within a duplex (862 and 864 Route 41) and a freestanding retail building (868 Route 41). The duplex units are currently tenant-occupied, generating consistent rental income. Unit 864, occupied by The Hair Review, features an open main floor with two separate rooms and a bathroom, plus a second-floor storage area. Heating is provided by propane, and cooling is via window air conditioning units. The current rent for this unit is $750 per month. Unit 862 boasts a spacious laundry/mudroom, eat-in kitchen, dining room, and living room, along with two bedrooms and a full bath upstairs. Electric baseboard heating and window air conditioning units serve this unit, currently renting for $1100 per month. The third building, 868 Route 41, formerly housing The Village Arms and Trop Gun Shop, offers approximately 3000 square feet of retail space. This well-maintained building features an open layout with 14-foot ceilings in the main area, providing ample flexibility for various retail uses. A 14-foot elevated floor at the south end, accessible via a 4-foot entry door, leads to a convenient loading dock. This property's high visibility and multiple income streams make it an attractive investment prospect in a desirable location. The asking price is $849,900.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $325,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $630,000
- 6.5%
- $580,000
- 7%
- $540,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $432,000
Market price range: $145k - $432k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $515,000 Current use
- COMMERCIAL (GENERAL)
- $780,000 Change: +51% Conversion: Easy
- MEDICAL BUILDING
- $645,000 Change: +25% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $535,000 Change: +3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gap
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.0184
- Latitude
- 39.986
- 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
$7,983
$161,300
$254,300
$415,600
-
$161,300
$254,300
$415,600
