About 2124 Ambassador Cir
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.
Features of 2124 Ambassador Cir
| MLS® # | PALA2042956 |
|---|---|
| Price | $3,250,000 |
| Bathrooms | 0.00 |
| Square Footage | 15,277 |
| Acres | 3.20 |
| Year Built | 1994 |
| Type | Commercial Sale |
| Sub-Type | Special Purpose |
| Status | Active |
Community Information
| Address | 2124 Ambassador Cir |
|---|---|
| Area | East Hempfield Twp (10529) |
| City | LANCASTER |
| County | LANCASTER-PA |
| State | PA |
| Zip Code | 17603 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Block |
|---|---|
| Lot Description | Level |
| Roof | Flat |
| Foundation | Slab |
School Information
| District | HEMPFIELD |
|---|
Additional Information
| Date Listed | November 8th, 2023 |
|---|---|
| Days on Market | 171 |
| Zoning | REGIONAL COMMERCE CTRZONE |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Listing Agent | Corinn Kirchner |
|---|---|
| Listing Office | PPM Real Estate, Inc. |
| Listing Office Phone | 7173943374 |