Harshad Phadke
REALTOR®
MLS#PALA2063494
STATUSACTIVE
PROPERTY TYPECommercial - Farm
SUBDIVISIONELIZABETHTOWN
SCHOOLELIZABETHTOWN 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.
Property Features
Property Type: Commercial - Farm
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Heat Pump(s)
Lot Size: 0.16 Acres
Roof Type: Rubber
Taxes: $5,054
Year Built: 1960
Feature Descriptions
Accessibility: 2+ Access Exits,32"+ wide Doors, Other
Days on Site: 436
Electric: 200+ Amp Service
Exterior: Brick, Masonry, Other
Flooring: Concrete
Location: Downtown
Lot Dimensions: 0.16 Acre(S)
Municipality: ELIZABETHTOWN BORO
Sewer: Public Sewer
Total Garage/Parking Spaces: 8
Water: Public
Local Schools
School District: ELIZABETHTOWN AREA
Listed By / Shown By
Listed By
Agency Name: Bennett Williams Realty, Inc.
Agency Phone: 7178435555
Shown By
Agent Name: Harshad Phadke
Agent Phone: (347) 393-1729
Agency Title: RealtyMark
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250 S Cherry Alley | MLS# PALA2063494
This commercial property located at 250 S Cherry Alley, Elizabethtown, PA 17022 is currently listed for sale with an asking price of $395,000. S Cherry Alley is located within the ELIZABETHTOWN AREA school district. Search Elizabethtown real estate on harshadphadke.realtymark.net today.