Mixed-Use Investment
101 Pearl Street Lancaster, PA 17603
For Sale
$449,900
High-visibility mixed-use property in Cabbage Hill with income potential.
Property Size2,178 SF
Price / SF$206.57
Days on Market122
Property Features for 101 Pearl Street
General Information
- Standard status
- Active
- Size
- 2,178 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1905
Listing Agency:
Iron Valley Real Estate of Lancaster
(717) 615-7484
Listed By:
Fanny C Castellanos · License #RS306983
(717) 615-7484
Source:
Compass
Added: Mar 28
Changed: Jul 10
Last Checked: Jul 26 at 1:55PM
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 Iron Valley Real Estate of Lancaster
Investment Insights
Based on property information with market context.
This mixed-use property offers an investment opportunity in the Cabbage Hill area. The building features a street-level convenience storefront and a 3-bedroom residential apartment above. It is suitable for investors seeking dual income streams or owner-occupants. The property includes separate utilities for both units, off-street parking, and a full basement for storage. Located in a growing district near downtown Lancaster, this income-producing property is near a bus stop (less than 1 mile). The property is located within the School District of Lancaster, specifically in the Lancaster City (10533) MLS area, Lancaster County. The local schools are Buchanan Elementary, Wheatland Middle or Junior School, and McCaskey Campus High School. The property size is 2178 square feet.
Key Highlights
- Dual Income Potential: Mixed‑use property with a street‑level storefront and a 3‑bedroom apartment
- Prime Location: Situated in the heart of Cabbage Hill, a sought‑after, growing district near downtown Lancaster
- Separate Utilities: Each unit has its own utilities, simplifying management and tenant responsibilities
Financial Insights For Mixed Use
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 | $47.0k | $21.60 |
| − Vacancy | −$3.8k | −$1.73 |
| EGI | $43.3k | $19.87 |
| − OpEx | −$16.2k | −$7.45 |
| NOI | $27.1k | $12.42 |
2,178 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$386.4K
$338.1K – $450.9K
NOI $27,051 @ 7.0% cap · market cap 6.01%
Second Best
Retail
$366.2K
$320.4K – $427.2K
NOI $25,632 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office A
$729.9K
$638.6K – $851.5K
NOI $51,090 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
O & J Deli ...
Food Market
B&A Grocery Deli ...
Food Market
FAQs
What type of property is this?
Mixed-use property - High-visibility mixed-use property in Cabbage Hill with income potential.
Where is this mixed-use property located?
The property is located at 101 Pearl Street Lancaster, PA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Dual Income Potential: Mixed‑use property with a street‑level storefront and a 3‑bedroom apartment; Prime Location: Situated in the heart of Cabbage Hill, a sought‑after, growing district near downtown Lancaster; Separate Utilities: Each unit has its own utilities, simplifying management and tenant responsibilities
