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    FOR LEASE
    Strip malls

    903 Nissley Rd, Lancaster, PA 17601

    11,705 SF 1.9 ac lot Built 1991
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US73-1677488
    Property summary
    AI-generated overview

    This 3,696 square foot retail space is ideally situated in the heart of East Hempfield Township, offering excellent visibility and accessibility. Located near major roadways, Routes 30 and 283, this single-tenant property benefits from proximity to affluent residential areas, ensuring a strong potential customer base. The space boasts a versatile layout featuring an open floor plan, perfect for customization to suit various retail needs. Large storefront windows provide ample natural light and excellent street visibility, enhancing the overall appeal. In addition to the main retail area, the property includes a dedicated office space, providing a functional area for administrative tasks or client meetings. Convenient storage space is also available, addressing the practical needs of a busy retail operation. A restroom is included for employee and customer use. The property is zoned for Community Business Center use, offering flexibility for a range of retail businesses. This location provides a unique opportunity to establish a thriving retail presence in a high-traffic area with strong demographics. The combination of convenient location, versatile layout, and ample amenities makes this property an exceptional investment opportunity for discerning retail businesses. Contact us today to schedule a viewing.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1991
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 11,705 SF
    Lot 1.9 ac (82,764 SF)
    Zoning code LC
    APN 290-35415-0-0000
    UPID US73-1677488
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Wiley's Pharmacy Pharmacy
    • Melange Hair Studios Hair Salon Nail Salon
    • Brian T. Straub, Pharm Pharmacy
    • Catherine A. Schopf, RPH Pharmacy
    • Lambrynee C. Maillis, PharmD Pharmacy
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $625k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $441k
    Blend (final) Blend
    $530k
    Owner & transaction history
    J & S PROPERTIES INC
    J & S PROPERTIES INC
    Zoning & alternative use
    LC · Lancaster, PA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $755,000 +83.0%
    Warehouse, storage $510,000 +23.8%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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