250 S Cherry Aly, Elizabethtown, PA 17022
- $389,500
- List Price
- $389,500
- Price Change
- ▼ $5,500 1782252896
- Days on Market
- 535
- Status
- ACTIVE
- MLS#
- PALA2063494
- Lot Size (Acres)
- 0.16
- Year Built
- 1960
- County
- Lancaster
- School District
- Elizabethtown Area
Property 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.
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Additional Information
- Area
- Elizabethtown Boro (10525)
- Subdivision
- Elizabethtown
- Taxes
- $5054
- School District
- Elizabethtown Area
- Flooring
- Concrete
- Heating
- Heat Pump(s)
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Roof
- Rubber
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Bennett Williams Realty, Inc.. Contact: 7178435555
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