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Lancaster Retail Corner Property

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

AddedApr 7, 2025

Days on Market466

Last RefreshJul 16 at 4:19 am

Property Features for 1002 N Duke St

General Information

Standard status: Active
Size: 3,542 SF

Building Details

Year Built: 1910

Listing office U.S. Commercial Realty

Listing date Apr 7, 2025

Source Evrealestate

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

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 (±1% cap)

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 (±1% cap)

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

Suggested Use

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For sale
Storefront properties
PA
Lancaster
17602
1002 N Duke St

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