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250 S Cherry Alley , Elizabethtown, PA 17022
$395,000
Est. Payment: $2,133.86/mo
0.16 Acres
Status: active | Days on site: 32
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BENWILBR3 - 3345625,3234174
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from IDX Support, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Joshua Miller , 7173836647 and Thomas P Troccoli , 7173909858 Bennett Williams Realty, Inc. , 7178435555. Bright MLS

Property Type

Commercial Sale
Lot/Acreage
0.16

Year Built

1960

County

Lancaster

Area

Elizabethtown Boro (10525)

 Neighborhood

Elizabethtown

 School District

Elizabethtown Area

Listing ID

PALA2096288

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Interior Features

Air Cond:Central A/C
Fireplaces:
Floor:Concrete
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Lot Dimensions:0.00 x 0.00
Garage Capacity:8
Zoning:CDB
Roof:Rubber
Sewer:Public Sewer
Parking Features:4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$2,134
Taxes
$421

Home Price

$395,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$79,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,133.86

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,133.86 $421.17 $0.00 $2,555.03
Yearly $25,606.30 $5,054.00 $0.00 $30,660.30
Total $768,189.01 $151,620.00 $0.00 $919,809.01
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Elizabethtown, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T03:13:49.000Z

© 2026 Bright MLS