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Key Details
Sold Price $1,025,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 4,703 sqft
Price per Sqft $217
MLS Listing ID PALA174302
Sold Date 08/13/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1991
Annual Tax Amount $15,032
Tax Year 2021
Lot Size 0.600 Acres
Acres 0.6
Lot Dimensions 0.00 x 0.00
Property Description
Gas station/convenience store with an attached restaurant. Total yearly rent is about $75,000 NNN. Just to the west of the busy Rte. 272 in Ephrata, PA. The sale will consist of the Turkey Hill lease which is renewing the lease, exercising the upcoming option for TH212. The exercised option is 9/1/21-8/31/26. The current Turkey Hill rent is $4227.89/mo. The Asian Restaurant is also under a lease. Their rent is approx. $2,000./mo. Turkey Hill has a first right of refusal.
Location
State PA
County Lancaster
Area Ephrata Twp (10527)
Zoning COMMERCIAL
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 18.0
Waterfront N
Water Access N
Accessibility Other
Parking Type Parking Lot
Total Parking Spaces 18
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Ephrata Area
Others
Tax ID 270-19046-0-0000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Yadhu Dhital • Iron Valley Real Estate of Central PA