Lititz Office/Retail Building For
743 S BROAD Street, Lititz, PA 17543
Commercial Sale - LITITZ, PA
Type:Retail
Property size:
9,200 SFLot size:
0.96 AcresPrice / SF:
$260/SF- Added:
- Mar 26, 2025
- Days on Market:
- 418
- Last Refresh:
- May 17 at 1:06 pm
Property Features for 743 S BROAD Street
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking
- 50
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 9,200 SF
- Lot size
- 0.96 Acres
Taxes and HOA fees
- Tax Annual Amount
- 20156
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 1957
- Building materials
- Block
Listing agent Jeffrey Christian Herr License #RS339386 (717) 471-4153
Listing office Bennett Williams Realty, Inc. 3528 Concord Road, York, PA (717) 843-5555
Listing date Mar 26, 2025
MLS# PALA2066368
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.
HighLights
- Prime location on South Broad St/Route 501 with high traffic volume (23,000 VPD).
- 9,200 sf office building on .96 acres.
- Rear egress leading to traffic signal on Route 501.
- Immediately adjacent to Wells Fargo Bank.
- All public utilities.
- Nearby retail includes Weis Markets, AutoZone, Domino's Pizza, Dunkin Donuts, Burger King, Taco Bell, and many more.
Overview
Located in Lititz, PA, this 9,200 square foot building is situated on a 0.96-acre lot. The property is positioned on South Broad Street/Route 501, which experiences a traffic volume of 23,000 vehicles per day, offering a prime location for office or retail use. The site benefits from all public utilities. The property is located near various retailers, including Weis Markets, AutoZone, Domino's Pizza, Dunkin Donuts, Burger King, and Taco Bell. It is also immediately adjacent to a Wells Fargo Bank. The parcel includes a rear egress that provides access to a traffic signal on Route 501.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.69M
NOI $152,314 @ 9.00% cap · cautious / downside scenario
Moderate
$2.18M
NOI $152,314 @ 7.00% cap · market / base-case scenario
Aggressive
$3.05M
NOI $152,314 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $236.3k | $25.68 |
| − Vacancy | −$33.2k | −$3.61 |
| EGI | $203.1k | $22.07 |
| − OpEx | −$50.8k | −$5.52 |
| NOI | $152.3k | $16.56 |
9,200 SF · lease $25.68/SF/yr · vacancy 14.04% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.18M
$1.90M – $2.54M
NOI $152,314 @ 7.0% cap · market cap 6.35%
Second Best
Retail
$1.55M
$1.35M – $1.80M
NOI $108,269 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,808 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Lititz
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.303655
- Latitude
- 40.1419882
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - 9,200 SF office building on 0.96 acres in Lititz, PA.
Where is this office building located?
The property is located at 743 S BROAD Street Lititz, PA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Prime location on South Broad St/Route 501 with high traffic volume (23,000 VPD).; 9,200 sf office building on .96 acres.; Rear egress leading to traffic signal on Route 501.
