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Turnkey Restaurant/Retail Property in Lancaster

30 W LEMON Street Lancaster, PA 17603

30 W LEMON Street, Lancaster, PA, 17603
$1,500,000
For Sale
Claim this Listing
$1,500,000

Commercial Sale - LANCASTER, PA

Property Size4,500 SF
Lot Size0.07 Acres
Price / SF$333.33
AddedMar 18
Days on Market120
Last RefreshJul 15 at 8:06 am

Property Features for 30 W LEMON Street

General Information

Property type
Other
Property subtype
Retail
Standard status
Active
Size
4,500 SF
Lot size
0.07 Acres

Taxes and HOA fees

Tax Annual Amount
13743

Building Details

Year built
1995
Building materials
Brick

Listing agent Deepa Balepur License #RM425415

Listing office Compass Real Estate, LLC 320 Granite Run Drive, Lancaster, PA

Listing date Mar 18, 2026

MLS# PALA2084810

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Located in the heart of Downtown Lancaster, 30 W Lemon Street is a turnkey restaurant or retail property. The property, originally built in 1910, was fully renovated in 2023 with over $850,000 in improvements. The property features extensive structural upgrades, large modern windows, and a refreshed interior. The property is +/- 4,500 SF. Zoned CB1 (Central Business Core), this property includes both the real estate and business assets, complemented by valuable CRIZ credits. The location offers exceptional visibility, heavy foot traffic, and vibrant urban energy. The property is surrounded by acclaimed restaurants, galleries, and entertainment venues and is just steps from Gallery Row, Lancaster Central Market and Clipper Magazine Stadium. The lot size is 0.07 acres.

Key Highlights

  • Turnkey +/- 4,500 SF restaurant or retail property in Downtown Lancaster.
  • Fully renovated in 2023 with over $850,000 in improvements, including extensive structural upgrades.
  • Includes both the real estate and business assets.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $117.2k $26.04
− Vacancy −$7.7k −$1.72
EGI $109.4k $24.32
− OpEx −$27.4k −$6.08
NOI $82.1k $18.24
4,500 SF · lease $26.04/SF/yr · vacancy 6.60% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.17M
$1.03M – $1.37M (±1% cap)
NOI $82,085 @ 7.0% cap · market cap 5.47%
Second Best
Retail
$756.5K
$662.0K – $882.6K (±1% cap)
NOI $52,958 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M (±1% cap)
NOI $105,558 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

The Coffin Bar Restaurant

Suggested Use

Locksmith (Bike/Boat/Book/etc) Store Furniture & Home Goods (Bike/Boat/Book/etc) Store Storage Facility Pet Store Tanning Salon Pet Grooming Service Pet Store & Service Clothing & Fashion Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Tri-County Barbecue Catering Inc. — 832 N Queen St, Lancaster, PA 17603
  • This Little Piggy — 33 N Market St, Lancaster, PA 17603
  • Commonwealth Kitchen — 213 W Chestnut St, Lancaster, PA 17603
  • Twisted Spoon — 221 E Frederick St, Lancaster, PA 17602

FAQs

What type of property is this?
Restaurant - Renovated restaurant/retail property with business assets in downtown Lancaster.
Where is this restaurant located?
The property is located at 30 W LEMON Street Lancaster, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Turnkey +/- 4,500 SF restaurant or retail property in Downtown Lancaster.; Fully renovated in 2023 with over $850,000 in improvements, including extensive structural upgrades.; Includes both the real estate and business assets.
Contact an agent
More about this property
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