250 S CHERRY ALY Active Save Request In-Person Tour Request Virtual Tour
Elizabethtown,PA 17022
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,970 sqft
Price per Sqft $56
Subdivision Elizabethtown
MLS Listing ID PALA2063494
Year Built 1960
Annual Tax Amount $5,054
Tax Year 2025
Lot Size 6,970 Sqft
Acres 0.16
Lot Dimensions 0.00 x 0.00
Property Sub-Type Retail
Source BRIGHT
Property Description
Located at 250 S. Cherry Alley in Elizabethtown, PA, this investment opportunity features a freestanding building of +/- 2,683 square feet. New roof and sealant installed in 2022 with 10-year warranty. There are 8 private parking spaces. Currently, it hosts Papa John's Pizza under a renewed five-year lease with two additional five-year options, showcasing stability and tenant commitment.
Zoned for Central Business District use, this property operates under a triple net lease structure, with a 10% rent increase following the initial term. Priced at $395,000, this investment offers a stable return in Lancaster County.
Location
State PA
County Lancaster
Area Elizabethtown Boro (10525)
Zoning CDB
Interior
Hot Water Natural Gas
Heating Heat Pump(s)
Cooling Central A/C
Flooring Concrete
Heat Source Natural Gas
Exterior
Garage Spaces 8.0
Water Access N
Roof Type Rubber
Accessibility 2+ Access Exits,32\"+ wide Doors,Other
Road Frontage City/County
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Elizabethtown Area
Others
Tax ID 250-16422-0-0000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard