924 S Richland Ave

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924 S Richland Ave

york, PA 17403
Asking Price
$6.47M
Asset Type
Retail
Class
Class B

What's Special

924 S Richland Avenue is situated in a high-traffic commercial corridor in York, Pennsylvania, directly adjacent to the York College of Pennsylvania campus. This location offers significant visibility and is positioned near the intersection of Richland Avenue and Country Club Road. The surrounding neighborhood features a blend of academic institutions, residential pockets, and established local businesses. Convenient access to Route 30 and I-83 facilitates regional connectivity, while nearby amenities include diverse dining options, grocery stores, and healthcare facilities. The property is well-suited for retail operations that benefit from consistent student and faculty foot traffic. Ideal use cases include quick-service restaurants, specialty boutiques, professional service offices, or convenience-oriented retail. Typical tenants for this asset profile include national franchises looking for university proximity or local businesses seeking high daily vehicle counts and a stable neighborhood consumer base.

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NOI
$80,000
Cap Rate
1.24%
DSCR
0.21
Underwater
Cash-on-Cash
-15.67%
Monthly Payment
$32,034.767
Annual Cash Flow
$-304,417.205

Location & Travel Times