Multi-Unit Commercial Retail
1071 S EDGAR STREET York, PA 17403
For Sale
$1,900,000
Well-located commercial space with flexible zoning and value-add potential.
Property Size10,854 SF
Lot Size1.96 Acres
Price / SF$175.05
Days on Market672
Property Features for 1071 S EDGAR STREET
General Information
Standard status
Active
Size
10,854 SF
Lot size
1.96 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1957
Listing Agency:
Bennett Williams Realty, Inc.
(717) 843-5555
Listed By:
Michael Sheaffer · License #AB062271L
(717) 843-5555
Source:
Exitrealty
Added: Sep 26, 2024
Changed: Jul 10
Last Checked: Jul 28 at 7:03AM
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 Bennett Williams Realty, Inc.
Investment Insights
Based on property information with market context.
This multi-unit commercial retail space features a newly constructed office space of 10,854 square feet, plus an additional 7,720 square feet that can be divided into three units. The flexible zoning accommodates office and retail tenants. Located adjacent to a medical office, WellSpan Health, retail spaces, and a residential area, the property offers abundant road frontage. The location was formerly a supermarket, offering potential for a variety of business uses.
Key Highlights
- Newly constructed office space spanning 10,854 SF.
- Additional 7,720 SF divisible into 3 units.
- Flexible zoning allows for office or retail tenants.
Financial Insights For Office B
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 | $238.4k | $21.96 |
| − Vacancy | −$7.6k | −$0.70 |
| EGI | $230.7k | $21.26 |
| − OpEx | −$57.7k | −$5.31 |
| NOI | $173.0k | $15.94 |
10,854 SF · lease $21.96/SF/yr · vacancy 3.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $173,045 @ 7.0% cap · market cap 9.11%
Second Best
Retail
$1.85M
$1.62M – $2.16M
NOI $129,512 @ 7.0% cap · market cap 6.82%
Theoretical Best
Office A
$3.14M
$2.75M – $3.67M
NOI $219,983 @ 7.0% cap · market cap 11.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Well-located commercial space with flexible zoning and value-add potential.
Where is this retail space located?
The property is located at 1071 S EDGAR STREET York, PA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Newly constructed office space spanning 10,854 SF.; Additional 7,720 SF divisible into 3 units.; Flexible zoning allows for office or retail tenants.
