1195 Ivy Dr

47,555 SF Industrial Building Lancaster, PA 17601 $6,950,000 ($146.15/SF) 6.49% Cap Rate

INVESTMENT HIGHLIGHTS

  • Fully Conditioned Warehouse
  • Potential Building Expansion of +/- 20,000 SF
  • Oversized Training Room

EXECUTIVE SUMMARY

INCREDIBLE INVESTMENT OR OWNER USER OPPORTUNITY!! Welcome to 1195 Ivy Dr., a 47,555 SF Industrial Flex Building in West Hempfield Township. This trophy property features approximately 16,000 SF of Class A office and 31,000 SF of fully conditioned warehouse/manufacturing space on a 5.3 acre corner lot. The building features 125+ parking spaces, 3 dock doors with levelers, a 12’x12’ drive-in door, and 2,000+ AMPs of Power. Unique building amenities include large training room with kitchen, employee fitness center, and locker room with showers. Favorable I-2 Zoning allows a multitude of uses including industrial, manufacturing, and outdoor storage of equipment or building materials by right. This centrally located building is 6 minutes from Rt. 30 (Centerville Rd.) or Rt. 283 (Spooky Nook Rd.) providing seamless access to Harrisburg, York, and Lancaster. Potential for +/- 20,000 SF warehouse expansion with ceiling heights up to 60ft leave room for long term growth (no currently approved building plan). The existing tenant has an Absolute Net Lease in place through December of 2029 however they would vacate for an owner user. This rare opportunity won’t last long. Call Sable Commercial Realty to schedule your showing today! 717-399-9361.

FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

PROPERTY FACTS

Price $6,950,000
Price Per SF $146.15
Sale Type Investment or Owner User
Cap Rate 6.49%
Property Type Industrial
Property Subtype
Manufacturing
  • Flex Light Manufacturing
  • Showroom
  • Industrial Warehouse
Building Class A
Lot Size 5.33 AC
Rentable Building Area 47,555 SF
No. Stories 1
Year Built/Renovated 1958/2005
Tenancy Single
Parking Ratio 2.63/1,000 SF
Clear Ceiling Height 14’6”
No. Dock-High Doors/Loading 3
No. Drive In / Grade-Level Doors 1
Cross Streets Stoney Battery Rd

UTILITIES

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

ZONING

Zoning Code I-2 (West Hempfield Township I-2 Zoning allows a variety of industrial uses including industrial outdoor storage and ceiling heights up to 60' by right.)
  • Listing ID: 35070574

  • Date on Market: 3/8/2025

  • Last Updated:

  • Address: 1195 Ivy Dr, Lancaster, PA 17601