Address
2124 Ambassador Circle, Lancaster, PA
Price
$ 3,250,000
Property Attributes
- MLS#PALA2042956
- TypeCommercial
- CountyLANCASTER
- CityLancaster
- AreaEast Hempfield Twp
- Zip17603
- Style
- Year Built1994
- Taxes$ 34697
- Price$ 3,250,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage15277
- Lot Size3.2 Acres
Data Source:
Bright MLS
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% cap rate (Est. NOI of $196,303.45). 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. SHOWINGS MAY OCCUR MON-THURS STARTING AT 4:45PM.
| Price History | |
|---|---|
| 11/8/2023 | Listed $3,250,000 |
General Features
| Sewer | No Sewer System |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | Subject to Existing Lease |
| Roof | Flat |
| Zoning | REGIONAL COMMERCE CTRZONE |
| Construction Materials | Block |
| Year Built | 1994 |
| Property SubType | Special Purpose |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Other |
| Accessibility | No Stairs |
| County | LANCASTER |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | Located between Good Drive & Rohrerstown Rd on Ambassador Circle. Situated immediately behind Lowe's Home Improvement |
| ModificationTimestamp | 2024-04-24T16:17:17 |
| City | LANCASTER |
| Buyer Agent Compensation | 2 |
| MLS Area | East Hempfield Twp (10529) |
| Lot Size Square Feet | 139392.00 |
| Tax Assessed Value | 1638300.0 |
| Waterfront Y/N | No |
| Street Name | AMBASSADOR |
| Tax Annual Amount | 34697.0 |
| Acceptable Financing | Cash,Exchange,Conventional |
| Vacation Rental Y/N | No |
| Days on Market | 169 |
| Standard Status | Active |
| Year Built Source | Assessor |
| Cap Rate | 6.00 |
| Buyer Agent Compensation Type | % Of Gross |
| Association Recreation Fee | No |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Street Suffix | CIRCLE |
| Central Air Y/N | Yes |
Exterior Features
| Lot Features | Level |
|---|---|
| Water Source | None |
| Total Parking Spaces | 192 |
| Type of Parking | Parking Lot |
| Land Use Code | 566 |
| Foundation Details | Slab |
| Water View Y/N | No |
| Building Area Total | 0.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 3.20 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 415000.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 192 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 17603
Price
Taxes
Visits
Year Built
Walkscore
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