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$395,000

  • For Sale
  • Active
  • Commercial Service
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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.

Full Property Details for 250 S Cherry Alley

General

  • Price: $395,000
  • Taxes: $5,054 (2025)
  • Status: Active
  • Type: Commercial Service
  • Source: BrightMLSPhilly
  • MLS ID: PALA2063494
  • Updated: 3/6/2026
  • Added to Site: 487 day(s) ago

Business

  • Business Type: Restaurant/Bar, Other, Auto Related

Interior

  • Flooring: Concrete

Parking

  • Total Spaces: 8
  • Parking Type: Other

Location

  • Area: Elizabethtown Boro (10525)
  • Municipality: ELIZABETHTOWN BORO
  • County: LANCASTER
  • Subdivision: ELIZABETHTOWN
  • Driving Directions: 250 S Cherry Alley, Elizabethtown, PA
  • Location Details: Downtown

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Masonry, Other
  • Roof: Rubber
  • Drive-In Doors: 2
  • Year Built: 1960
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Single

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Size (Sq. Ft.): 6,970
  • Lot Size Source: Assessor
  • Zoning: CDB

Financial Considerations

  • Assessment Year: 2025
  • School Tax: $3,413
  • City/TownTax: $1,122
  • City/TownTax Freq: Annually
  • County Tax: $518
  • County Tax Freq: Annually
  • Tax w/Assessment: $178,100
  • Tax Amount: $5,054
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple

Listed by Bennett Williams Realty, Inc., Joshua Miller and Bennett Williams Inc., Thomas P Troccoli

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Listing agents

— 250 S Cherry Alley —

  • Joshua Miller

    Bennett Williams Realty, Inc.

  • Thomas P Troccoli

    Bennett Williams Inc.

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 250 S Cherry Alley

School District:Elizabethtown Area School District
NameGradesDistance
East High Street El School
800 East High Street, Elizabethtown, PA 17022
K-31.1 mi
Elizabethtown Area Middle School
600 East High Street, Elizabethtown, PA 17022
7-80.7 mi
Elizabethtown Area Senior High School
600 East High Street, Elizabethtown, PA 17022
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 250 S Cherry Alley Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/28/2025
Listed
$395,000
119.44%
MLS
1/21/2025
Sold
$180,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 250 S Cherry Alley

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,165
3%
$178,100
—
2024
$5,001
8%
$178,100
—
2023
$4,644
—
$178,100
—
2022
$4,644
4%
$178,100
—
2021
$4,465
3%
$178,100
—
2020
$4,345
2%
$178,100
—
2019
$4,260
-15%
$178,100
—
2018
$4,997
112%
$178,100
120%
2017
$2,362
3%
$80,800
—
2016
$2,290
4%
$80,800
—
2015
$2,206
3%
$80,800
—
2014
$2,151
—
$80,800
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 250 S Cherry Alley

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Bennett Williams Realty, Inc., Joshua Miller and Bennett Williams Inc., Thomas P Troccoli

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250 S Cherry Alley, Elizabethtown, PA 17022 (MLS# PALA2063494) is a Commercial Service property. 250 S Cherry Alley is currently listed for $395,000 and was received on January 28, 2025. Want to learn more about 250 S Cherry Alley? Do you have questions about finding other Commercial Service real estate for sale in Elizabethtown? You can browse all Elizabethtown real estate or contact a Coldwell Banker agent to request more information.

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