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.
Excellent opportunity to own a well-maintained 4-unit investment property located in the highly desirable Central Business District. This income-producing property currently generates $45,000 in annual income and offers additional upside potential through future rent increases. The property consists of two 1-bedroom units and two 2-bedroom units with separate utilities, making management more efficient and attractive to investors. Numerous recent improvements include a new roof, new windows, and new sewer lines to the street, helping reduce future maintenance concerns. The front porch is also scheduled to be professionally painted in June. Additional features include off-street parking with newly installed blacktop and a prime location convenient to downtown amenities, shopping, dining, and transportation. Whether you are looking to expand your portfolio or purchase your first multi-unit investment property, this property offers strong long-term potential in a desirable rental market. Additional details, including a profit and loss statement and further property information, will be provided prior to the listing becoming active.
Great opportunit to own your own automotive garage, and also receive some rent income from the hair and nail salon. Garage includes all furniture, fixtires and equipment (FF&E). Hair salon has been a tenant since 2021, and current income is $19,200/year. Properties located at the entrance to ETown Borough with Route 230 (S. Market Street) frontage and nestled among residential rooftops and commercial uses.
Elizabethtown is located in Pennsylvania. Elizabethtown, Pennsylvania has a population of 11,574. Elizabethtown is less family-centric than the surrounding county with 26.3% of the households containing married families with children. The county average for households married with children is 32.04%.
The median household income in Elizabethtown, Pennsylvania is $61,803. The median household income for the surrounding county is $73,688 compared to the national median of $69,021. The median age of people living in Elizabethtown is 34.9 years.
The average high temperature in July is 85.1 degrees, with an average low temperature in January of 21.3 degrees. The average rainfall is approximately 41.7 inches per year, with 23.9 inches of snow per year.
