$3,250,000
$3,250,000
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3.2 Acres Lot
SOLD DATE : 02/14/2025
Key Details
Sold Price $3,250,000
Property Type Commercial
Sub Type Special Purpose
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PALA2042956
Sold Date 02/14/25
Originating Board BRIGHT
Year Built 1994
Annual Tax Amount $33,205
Tax Year 2024
Lot Size 3.200 Acres
Acres 3.2
Lot Dimensions 0.00 x 0.00
Property Sub-Type Special Purpose
Property Description
Excellent property in an ideal location currently leased to a quality tenant, River Rock Academy, on a triple net lease through 6/30/2030 + Tenant has one 5-year option. Price reflects a 6.2% cap rate (Est. NOI of $202,597.68). Lease includes annual CPI increases to base rent. | The 15,277sf single story building is situated on a 3.2 acre, mostly impervious, site, with 192 parking spaces. Well maintained, fully sprinklered, gas heat and central air, covered outside patio area in the rear, 3 glass door entrances, nicely finished, windows in all perimeter walls and several interior rooms with glass and sidelights. NO SIGN ON THE PROPERTY. TENANT IS AN OPERATING SCHOOL WITH STUDENTS PRESENT DURING THE DAY. DO NOT VISIT THE PROPERTY DURING SCHOOL HOURS OR SPEAK WITH ANY STAFF.
Location
State PA
County Lancaster
Area East Hempfield Twp (10529)
Zoning REGIONAL COMMERCE CTRZONE
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 192.0
Water Access N
Roof Type Flat
Accessibility No Stairs
Total Parking Spaces 192
Garage N
Building
Lot Description Level
Foundation Slab
Sewer No Sewer System
Water None
New Construction N
Schools
School District Hempfield
Others
Tax ID 290-37763-0-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Exchange, Conventional
Listing Terms Cash, Exchange, Conventional
Financing Cash,Exchange,Conventional
Special Listing Condition Standard
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