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250 S Cherry Aly
Elizabethtown, PA 17022
Retail Property For Sale
Executive Summary
Located at 250 S. Cherry Alley in Elizabethtown, PA, this investment opportunity features a freestanding building with 2,683 square feet on over a quarter-acre. 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,683 SF
Building Class
C
Year Built
1947
Price
$395,000
Price Per SF
$147.22
Percent Leased
52%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.21 AC
Zoning
CBD - Central Business District
Property Taxes
| Parcel Number | 250-16422-0-0000 | Improvements Assessment | $107,200 |
| Land Assessment | $70,900 | Total Assessment | $178,100 |
Property Taxes
Parcel Number
250-16422-0-0000
Land Assessment
$70,900
Improvements Assessment
$107,200
Total Assessment
$178,100
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