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250 S Cherry Aly 2,683 SF 52% Leased Retail Building Elizabethtown, PA 17022 $395,000 ($147.22/SF)

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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

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • -

Papa Johns International, Inc. (Nasdaq: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA®. Papa Johns believes that using high-quality ingredients leads to superior quality-pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa Johns tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky. and is the world’s third-largest pizza delivery company with approximately 6,000 restaurants in approximately 50 countries and territories.

Tenant Industry SF Occupied Rent/SF Lease End
Accommodation and Food Services - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 1,300 SF
  • Restaurant
  • -
  • Now

former papa johns for lease

Space Size Space Use Position Available
1st Floor 1,300 SF Restaurant - Now

1st Floor

Size
1,300 SF
Space Use
Restaurant
Position
-
Available
Now

1st Floor

Size 1,300 SF
Space Use Restaurant
Position -
Available Now

former papa johns for lease

Walk Score®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Truist
Citizens Bank
Northwest Bank
Starbucks
GIANT Food Stores of Carlisle
Weis Markets
Planet Fitness

Property Taxes

Property Taxes

Parcel Number
250-16422-0-0000
Land Assessment
$70,900
Improvements Assessment
$107,200
Total Assessment
$178,100
  • Listing ID: 34714589

  • Date on Market: 2/4/2025

  • Last Updated:

  • Address: 250 S Cherry Aly, Elizabethtown, PA 17022

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