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Key Details
Sold Price $720,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,604 sqft
Price per Sqft $276
Subdivision Landisville
MLS Listing ID 1002723253
Sold Date 06/30/17
HOA Y/N N
Originating Board LCAOR
Annual Tax Amount $8,198
Lot Size 0.320 Acres
Acres 0.32
Lot Dimensions 81 x 185 x 163 x 125
Property Description
Single tenant net leased investment opportunity in Lancaster, PA. Turkey Hill (corporately owned by Kroger (KR - Baa1) has occupied the site since 1971, and has just signed a new 10-year primary term with four 5-year options. Property is at ''main & main'' in Landisville, near I-283 and Nook Sports. The surrounding market boasts an average household income of over $107,000, with strong daytime demos as well. Current NOI is $42,399 with an 8% increase in year 6.
Location
State PA
County Lancaster
Area East Hempfield Twp (10529)
Zoning VILLAGE CTR
Interior
Fireplace N
Exterior
Water Access N
Roof Type Shingle
Street Surface Other
Garage N
Building
Water Public
New Construction N
Schools
School District Hempfield
Others
HOA Fee Include Other
Tax ID 290-20821-0-0000
Ownership Other
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with David L Bode • Rock Commercial Real Estate
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