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
Subdivision Elizabethtown
MLS Listing ID PALA2063494
Year Built 1960
Annual Tax Amount $5,054
Tax Year 2025
Lot Size 6,970 Sqft
Property Sub-Type Retail
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 and adjacent municipal parking with approximately 40 additional 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
Exterior
Garage Spaces 8.0
Water Access N
Roof Type Rubber
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Elizabethtown Area
Others
Special Listing Condition Standard