Lancaster City Restaurant and
1002 N Duke St, Lancaster, PA
For Sale
Contact for pricing
Free-standing restaurant/bar with rental rooms and liquor license.
Property Size3,542 SF
Lot Size0.12 Acres
Price / SF$245.62
Days on Market566
Property Features for 1002 N Duke St
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
U.S. Commercial Realty
(717) 735-6000
Listed By:
Daniel A. Berger, Jr.
Source:
Moodyscre
Added: Apr 22, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of U.S. Commercial Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a free-standing restaurant and bar property that includes seven rental rooms. The sale encompasses a Hotel Liquor License, along with all furniture, fixtures, and equipment. The property is situated at a high-traffic intersection in the north end of Lancaster City. The building has a size of 3542 square feet.
Key Highlights
- Includes Hotel Liquor License
- Free‑standing restaurant/bar with rental rooms
- All furniture, fixtures, and equipment included in sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,610
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,292,200
$1.3M
Cap Rate 7%
$923,000
$923.0K
Cap Rate 9%
$717,889
$717.9K
Market Conditions
NOI Build-Up for 3,542 SF
Gross rent
$92.2K $26.04/SF
− Vacancy
−$6.1K −$1.72/SF
EGI
$86.1K $24.32/SF
− OpEx
−$21.5K −$6.08/SF
NOI
$64.6K $18.24/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,292,200
Cap Rate 7%
$923,000
Cap Rate 9%
$717,889
Alternative Uses
Best Use
Specialty Retail
$923.0K
$807.6K – $1.08M
NOI $64,610 @ 7.0% cap · market cap 7.43%
Second Best
Retail
$595.5K
$521.1K – $694.7K
NOI $41,684 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,086 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,782
Businesses Nearby
38k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 37%
Apparel 6%
Dunkin' Donuts
Dining
12,969 visits/mo
0.4 miles
Sunoco
Shops & Services
10,204 visits/mo
0.4 miles
Turkey Hill Minit Market
Shops & Services
7,599 visits/mo
0.1 miles
Turkey Hill Minit Market
Shops & Services
2,646 visits/mo
0.5 miles
Sundance
Apparel
2,383 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Splits and Giggles Cafe — 500 W Lemon St, Lancaster, PA 17603
- Shamrock Cafe — 312 W Walnut St, Lancaster, PA 17603
- The Lizard Lounge — 223 n water st, lancaster, pa 17603
- Queen Street Bistro — 201 N Queen St, Lancaster, PA 17603
- Square One Coffee Roasters — 145 N Duke St, Lancaster, PA 17602
Frequently Asked Questions
What type of property is this?
Bar & Pub - Free-standing restaurant/bar with rental rooms and liquor license.
Where is this bar & pub located?
The property is located at 1002 N Duke St Lancaster, PA.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Includes Hotel Liquor License; Free‑standing restaurant/bar with rental rooms; All furniture, fixtures, and equipment included in sale
