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Listed price in listed location currency (USD).
$395,000

000

MLS® PALA2063494

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $5,054
Days Active 376
Approx. Age 1960
MLS® Number PALA2063494

Property Address: 250 S Cherry Aly, ELIZABETHTOWN, PA, 17022-1998

Average square foot calculated using Size range provided by listing agent.

Description

Investment opportunity in Elizabethtown, PA, with a freestanding building of +/- 2, 683 square feet, including +/- 1, 300 square feet of space suitable for a partial owner-occupant or additional tenant. Located at 250 S. Cherry Alley, the property features a new roof and sealant installed in 2022 with a 10-year warranty. The building is anchored by a strong Papa John's Pizza tenant under a renewed five-year lease with two additional five-year options. The franchisee is one of the largest in the Papa John's system, providing a stable and reliable income stream. Zoned for Central Business District use, the property operates under a triple net lease structure with a 10% rent increase after the initial term. At a price of only $395, 000, this well-maintained, freestanding building with a strong tenant in place is a rare find in Lancaster County.
MLS® NumberPALA2063494
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1960
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 28, 2025List Date
$395,000List Price
  • Commute

Commute

Starting Address
Destination Address
250 S Cherry Aly, ELIZABETHTOWN, PA

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