Lancaster Retail Corner
1002 N Duke St Lancaster, PA 17602
1002 N Duke St, Lancaster, PA, 17602
$870,000
For Sale
$870,000
Retail property for sale near Lancaster Train Station.
Property Size3,542 SF
Price / SF$245.62
Days on Market466
Property Features for 1002 N Duke St
General Information
- Standard status
- Active
- Size
- 3,542 SF
Building Details
- Year Built
- 1910
Listing Agency
U.S. Commercial Realty
(717) 735-6000
Listed by
Daniel A Berger Jr. · License #AB050590L
(717) 735-6000
Source
Evrealestate
Added: Apr 7, 2025 Checked: Jul 16 at 4:19 am
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
Investment Insights
Based on property information with market context.
Located at the corner of North Duke Street and Liberty Street, this retail property is situated near the Lancaster Train Station. The property encompasses a total size of 3542 square feet and is located in Lancaster County.
Key Highlights
- Prime location at the corner of North Duke Street and Liberty Street
- Close proximity to Lancaster Train Station
- Central Air cooling system
Local Financial Insights For 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 | $63.8k | $18.00 |
| − Vacancy | −$4.2k | −$1.19 |
| EGI | $59.5k | $16.81 |
| − OpEx | −$17.9k | −$5.04 |
| NOI | $41.7k | $11.77 |
3,542 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$595.5K
$521.1K – $694.7K
NOI $41,684 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Q's Duke On Liberty
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Stephenson's flowers — 873 N Queen St, Lancaster, PA 17601
FAQs
What type of property is this?
Storefront property - Retail property for sale near Lancaster Train Station.
Where is this storefront property 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: Prime location at the corner of North Duke Street and Liberty Street; Close proximity to Lancaster Train Station; Central Air cooling system
