2124 Ambassador Circle Lancaster, PA ^$ 3,250,000

2124 Ambassador Circle

^$ 3,250,000

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2124 Ambassador Circle

Lancaster, PA, 17603

^$ 3,250,000

Studio Baths0.0 Sq 15,277

Monthly Estimate*

^$ 22,702

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Studio

Commercial Property for sale in Lancaster, PA

for $3,250,000. This 15,277 square foot building was built in 1994 on a lot size of 3.2.

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.

Commercial Active

Price

^$ 3,250,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 34,697

Style

Lot Size

3.2

Year Built

1994

Town/City

Lancaster

County/Region

Lancaster

MLS | Web ID

PALA2042956

Features

Interior

Heating Fuel Natural Gas

Hot Water Natural Gas

Heating Y/N Y

Street Suffix CIRCLE

Central Air Y/N Y

General

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

Municipality EAST HEMPFIELD TWP

Business Type Other

Accessibility No Stairs

County LANCASTER

New Construction N

Property Type Commercial Sale

Water Access Y/N N

Status ACTIVE

Directions Located between Good Drive & Rohrerstown Rd on Ambassador Circle. Situated immediately behind Lowe's Home Improvement

City LANCASTER

Buyer Agent Compensation 2

Total Units 0

MLS Area East Hempfield Twp (10529)

Lot Size Square Feet 139392.00

Waterfront Y/N N

Street Name AMBASSADOR

Tax Annual Amount 34697.0

Acceptable Financing Cash Exchange Conventional

Vacation Rental Y/N N

Days on Market 169

Standard Status Active

Year Built Source Assessor

Cap Rate 6.00

Buyer Agent Compensation Type % Of Gross

Association Recreation Fee N

Exterior

Lot Features Level

Water Source None

Type of Parking Parking Lot

Foundation Details Slab

Water View Y/N N

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 N

Water Oriented Y/N N

Internal Only

Street Number 1 2124

* Excluded Features

List By

Ppm Real Estate, Inc.

Broker

corinn@ppmproperties.com

Affordability Calculator

$25,594

Per Month

Monthly Principal & Interest: $22,702
Monthly Property Taxes: $2,891
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lancaster, PA

Average List Price ^$1,660,883

Percent of Sale Price 49%

About Lancaster, PA

61,016 Population

8% Since 2002

^$37,817 Median Income

34.09 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/8/2023	$3,250,000		Listed Price

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2124 Ambassador Circle, Lancaster, PA, 17603 is a Commercial Property for sale at $3,250,000 with 15,277 sqft and a lot size of 3.2. 2124 Ambassador Circle is a studio with 0.0 baths and was built in 1994. The property's zip code is 17603 which is in Lancaster, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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2124 Ambassador Circle

Commercial Property for sale in Lancaster, PA

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