Free-Standing Restaurant &
For Sale
Contact for pricing
1002 N Duke St, Lancaster, PA 17602
Free-standing restaurant and bar includes seven rental rooms and conveys the hotel liquor license plus FF&E.
Property Size3,542 SF
Price / SF$245.62
Days on Market467
Property Features for 1002 N Duke St
General Information
Standard status
Active
Size
3,542 SF
Property subtype
RETAIL
Listing Agency:
U.S. Commercial Realty
(717) 735-6000
Listed By:
Daniel A. Berger, Jr.
Source:
Moodyscre
Added: Apr 22, 2025
Changed: Jul 26
Last Checked: Jul 26 at 7:16AM
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.
This free-standing restaurant/bar property includes seven (7) rental rooms. The sale includes the Hotel Liquor License and all furniture, fixtures, and equipment.
The property is located at a high-traffic intersection in the north end of Lancaster City.
With both food and beverage space and on-site rental rooms, the building is set up to support a hospitality-style operation under the included liquor license.
The property is located at a high-traffic intersection in the north end of Lancaster City.
With both food and beverage space and on-site rental rooms, the building is set up to support a hospitality-style operation under the included liquor license.
Key Highlights
- Free‑standing restaurant and bar with seven (7) rental rooms
- Located at a high‑traffic intersection in the north end of Lancaster City
- Sale includes the hotel liquor license and all furniture, fixtures and equipment (FF&E)
Financial Insights For Specialty 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 | $92.2k | $26.04 |
| − Vacancy | −$6.1k | −$1.72 |
| EGI | $86.1k | $24.32 |
| − OpEx | −$21.5k | −$6.08 |
| NOI | $64.6k | $18.24 |
3,542 SF · lease $26.04/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$923.0K
$807.6K – $1.08M
NOI $64,610 @ 7.0% cap · market cap 7.43%
Second Best
Hotel Hospitality
$389.4K
$340.7K – $454.3K
NOI $27,256 @ 7.0% cap · market cap 3.13%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,320
Businesses Nearby
138k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Apparel 32%
Dining 22%
Office Supplies 10%
Marshalls
Apparel
41,538 visits/mo
0.4 miles
Dollar Tree
Shops & Services
24,357 visits/mo
0.4 miles
Burger King
Dining
15,829 visits/mo
0.5 miles
Staples
Office Supplies
13,252 visits/mo
0.5 miles
Dunkin' Donuts
Dining
12,969 visits/mo
0.3 miles
Demographics for 17602, PA
52,665
Population
19,472
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
24.6 sq mi
ZIP Area
2,141
Density / Sq Mi
$71,752
Median Household Income
$38,469
Median Earnings
$1,272
Median Rent
$250,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- The Lizard Lounge — 223 n water st, lancaster, pa 17603
- Square One Coffee Roasters — 145 N Duke St, Lancaster, PA 17602
- Queen Street Bistro — 201 N Queen St, Lancaster, PA 17603
- Shamrock Cafe — 312 W Walnut St, Lancaster, PA 17603
- Splits and Giggles Cafe — 500 W Lemon St, Lancaster, PA 17603
Frequently Asked Questions
What type of property is this?
Bar & Pub - Free-standing restaurant and bar includes seven rental rooms and conveys the hotel liquor license plus FF&E.
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: Free‑standing restaurant and bar with seven (7) rental rooms; Located at a high‑traffic intersection in the north end of Lancaster City; Sale includes the hotel liquor license and all furniture, fixtures and equipment (FF&E)
