875 Main St Ephrata, PA 17522-2545
Property summary
This exceptional 3,210 square foot mixed-use property at 875 E Main Street, Ephrata, PA, presents a lucrative investment opportunity. The 2.5-story brick building has undergone a complete renovation, boasting a fresh exterior with painted brick, new windows, and doors. Two new heat pumps and a new electrical system (with two services) ensure efficient operation. Luxury vinyl plank flooring is installed throughout. A newly paved parking lot includes a front ramp for ADA accessibility. The second floor, a high-end two-bedroom, two-bathroom apartment, is currently rented and has township approval for use as a rental or VRBO. This space could also serve as an owner's residence or staff apartment. The main floor is leased on a five-year term, with the tenant responsible for a pro-rata share of expenses. A beautifully renovated main-level bathroom adds to the property's appeal. Convenient rear storage is accessible from both inside and the back entrance. A large rear grassy area, already engineered for stormwater management, offers the potential for a 40 x 60 foot addition (relevant paperwork is available at the township). The ample parking area features two entrances/exits, potentially allowing for drive-thru access (verification with Ephrata Township is recommended). The property's zoning permits a wide range of uses, subject to township approval. Situated in a high-traffic area with excellent visibility across from Walmart and near Route 222, this property offers unparalleled potential for rental income and business ventures in a rapidly growing community. The 0.63-acre lot provides ample space for expansion and development.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Ephrata, PAZoning
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Zoning designation
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