878 Main St Ephrata, PA 17522
- Retail space
- 9,002 SF
- 0.91 lot acres
Current Use by Public Records
- Ephrata Cycle and Sports / Motorcycle Dealer
- Honda / Motorcycle Dealer
Property Details for 878 Main St
- Year built
- 1880
- Construction
- FRAME
- Lot size
- 0.91 lot acres
- Property size
- 9,002 SF
- Zone code
- C-2
- Property type
- Retail space
- APN
- 270-97040-0-0000
- APU
- 2709704000000
Description
This exceptional 2.69-acre mixed-use property in Ephrata, PA, presents a unique investment opportunity. Located at 878 E Main Street, this site boasts a prime location with excellent visibility and high traffic counts – 22,000 vehicles daily on East Main Street (Route 322) and 44,000 on US Route 222. The property encompasses a total of 12,842 square feet of existing buildings, offering immediate income potential and redevelopment possibilities. Currently, the property includes 5,000 square feet of retail space featuring a showroom, office, and restrooms. An attached 2,200-square-foot shop/garage with an overhead door provides ample workspace. A detached 1,800-square-foot, five-bedroom single-family home is currently rented, generating additional income. Furthermore, a 1,920-square-foot detached block building with a garage and a separate 1,400-square-foot garage are also included. Ample parking is available on the site. This property is ideal for a variety of uses, offering the potential for expansion, redevelopment, or continued operation of the existing businesses. Given its size, location, and existing structures, this is a rare opportunity in Ephrata's thriving commercial market. The asking price is $2,500,000.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,091,000
Market price range: $426k - $1.55M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,065,000 Current use
- AUTO REPAIR, GARAGE
- $1,500,000 Change: +40% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,145,000 Change: +7% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $875,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Ephrata
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.156
- Latitude
- 40.1649
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA