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Village Commons Medical Building 5665 Main St 15,200 SF 100% Leased Office Building East Petersburg, PA 17520 $7,677,560 CAD ($505.10 CAD/SF) 8.15% Cap Rate



EXECUTIVE SUMMARY
Strategically located at the high-traffic intersection of Route 72 (Main Street) and Miller Road, the Village Commons Medical Building anchors the Village Commons neighborhood shopping center in East Petersburg, PA. Originally built in 1989 and redeveloped in 2014, the building has been carefully updated to enhance both its aesthetics and functionality.
This condominium-style property features approx. 15,200 SF of medical office space on 1.57 acres. Key tenants include Penn Medicine Lancaster General Health - East Petersburg Family Medicine and Drayer Physical Therapy, which provide a wide range of services, including primary medical care, sports medicine, chronic care management, and wellness support.
Next to the medical building is the Village Commons Shopping Center, a lively retail hub featuring 14 tenants that offer a diverse mix of retail, dining, and service-oriented businesses. Notable tenants include the U.S. Post Office, Mad Chef Brewing, China III, and Eye Check Health & Vision, among others.
Situated at the southern edge of East Petersburg, Village Commons is surrounded by a well-established residential neighborhood and community amenities. The area spans approximately 1.2 square miles and boasts a small-town atmosphere with strong visibility and traffic counts of around 19,000 vehicles per day.
This modest yet essential neighborhood commercial and medical complex provides convenient access to downtown Lancaster and surrounding communities. It continues to deliver vital services to the local population while maintaining the charm and community focused scale that characterizes East Petersburg.
This condominium-style property features approx. 15,200 SF of medical office space on 1.57 acres. Key tenants include Penn Medicine Lancaster General Health - East Petersburg Family Medicine and Drayer Physical Therapy, which provide a wide range of services, including primary medical care, sports medicine, chronic care management, and wellness support.
Next to the medical building is the Village Commons Shopping Center, a lively retail hub featuring 14 tenants that offer a diverse mix of retail, dining, and service-oriented businesses. Notable tenants include the U.S. Post Office, Mad Chef Brewing, China III, and Eye Check Health & Vision, among others.
Situated at the southern edge of East Petersburg, Village Commons is surrounded by a well-established residential neighborhood and community amenities. The area spans approximately 1.2 square miles and boasts a small-town atmosphere with strong visibility and traffic counts of around 19,000 vehicles per day.
This modest yet essential neighborhood commercial and medical complex provides convenient access to downtown Lancaster and surrounding communities. It continues to deliver vital services to the local population while maintaining the charm and community focused scale that characterizes East Petersburg.
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
15,200 SF
Building Class
B
Year Built/Renovated
1989/2014
Price
$7,677,560 CAD
Price Per SF
$505.10 CAD
Cap Rate
8.15%
NOI
$625,721 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
15,200 SF
Building FAR
0.22
Lot Size
1.57 AC
Zoning
Neighborhood Commercial
Parking
87 Spaces (5.72 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 220-01131-1-0001 | Improvements Assessment | $2,579,409 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,579,409 CAD |
PROPERTY TAXES
Parcel Number
220-01131-1-0001
Land Assessment
$0 CAD
Improvements Assessment
$2,579,409 CAD
Total Assessment
$2,579,409 CAD
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Village Commons Medical Building | 5665 Main St
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