2124 AMBASSADOR CIR, Lancaster, PA 17603 - MLS#PALA2042956

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Doug Strickland

doug@residentialguru.com +1(610) 724-3801

$3,250,000

Est. payment - /mo

3.2 Acres Lot

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UPDATED:

10/10/2024 01:11 PM

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PALA2042956

Originating Board BRIGHT

Year Built 1994

Annual Tax Amount $33,205

Tax Year 2024

Lot Size 3.200 Acres

Acres 3.2

Lot Dimensions 0.00 x 0.00

Property Description

Excellent property in an ideal location currently leased to a quality tenant, River Rock Academy, on a triple net lease through 6/30/2030 + Tenant has one 5-year option. Price reflects a 6.2% cap rate (Est. NOI of $202,597.68). Lease includes annual CPI increases to base rent. | The 15,277sf single story building is situated on a 3.2 acre, mostly impervious, site, with 192 parking spaces. Well maintained, fully sprinklered, gas heat and central air, covered outside patio area in the rear, 3 glass door entrances, nicely finished, windows in all perimeter walls and several interior rooms with glass and sidelights. NO SIGN ON THE PROPERTY. TENANT IS AN OPERATING SCHOOL WITH STUDENTS PRESENT DURING THE DAY. DO NOT VISIT THE PROPERTY DURING SCHOOL HOURS OR SPEAK WITH ANY STAFF.

Location

State PA

County Lancaster

Area East Hempfield Twp (10529)

Zoning REGIONAL COMMERCE CTRZONE

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 192.0

Waterfront N

Water Access N

Roof Type Flat

Accessibility No Stairs

Parking Type Parking Lot

Total Parking Spaces 192

Garage N

Building

Lot Description Level

Foundation Slab

Sewer No Sewer System

Water None

New Construction N

Schools

School District Hempfield

Others

Tax ID 290-37763-0-0000

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Exchange, Conventional

Listing Terms Cash, Exchange, Conventional

Financing Cash,Exchange,Conventional

Special Listing Condition Standard

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Listed by Corinn E. Kirchner • PPM Real Estate, Inc.

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Doug Strickland

+1(610) 724-3801

Agent | License ID: RS275319

Agent License ID: RS275319

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