250 S CHERRY ALY, Elizabethtown, PA 17022
250 S CHERRY ALY, Elizabethtown, PA 17022
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Listed by Joshua Miller • Bennett Williams Realty, Inc.
$ 395,000
Est. payment | /mo

6,970 Sqft Lot


Save
$ 395,000
Est. payment | /mo
Save

6,970 Sqft Lot

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

Acres 0.16

Lot Dimensions 0.00 x 0.00

Property Sub-Type Retail

Source BRIGHT

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.

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

Heat Source Natural Gas

Exterior

Garage Spaces 8.0

Water Access N

Roof Type Rubber

Accessibility 2+ Access Exits, 32\"+ wide Doors, Other

Road Frontage City/County

Total Parking Spaces 8

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Elizabethtown Area

Others

Tax ID 250-16422-0-0000

Ownership Fee Simple

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Jill Romine

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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250 S CHERRY ALY