Bank Building with Two-Lane
1950 Old Philadelphia Pike Lancaster, PA 17602
New
For Sale
Contact for pricing
Former Truist Bank building with a two-lane drive-thru and flexible Neighborhood Commercial zoning.
Property Size2,935 SF
Price / SF$442.93
Days on Market6
Property Features for 1950 Old Philadelphia Pike
General Information
Standard status
Active
Size
2,935 SF
Property subtype
RETAIL
Listing Agency:
Landmark Commercial Realty
(717) 421-6031
Listed By:
Sean Fitzsimmons · License #PA-RS327513
(717) 421-6031
Source:
Moodyscre
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 26 at 3:03PM
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 Landmark Commercial Realty
Investment Insights
Based on property information with market context.
This former Truist Bank property offers a well-appointed building of approximately 2,000+/- square feet with a two-lane drive-thru. The configuration supports drive-through operations, making it suitable for a range of commercial uses aligned with Neighborhood Commercial zoning.
The property is located on Old Philadelphia Pike and situated directly off US Highway Route 30, where average daily traffic is listed at 19,165+/- VPD. That positioning provides strong visibility and convenient access for passing motorists.
Neighborhood Commercial zoning allows for multiple use types, including a financial institution, restaurant, daycare, medical or dental office, retail sales, or office use, giving an owner or operator flexibility to match the site to an appropriate business concept.
The property is located on Old Philadelphia Pike and situated directly off US Highway Route 30, where average daily traffic is listed at 19,165+/- VPD. That positioning provides strong visibility and convenient access for passing motorists.
Neighborhood Commercial zoning allows for multiple use types, including a financial institution, restaurant, daycare, medical or dental office, retail sales, or office use, giving an owner or operator flexibility to match the site to an appropriate business concept.
Key Highlights
- Former Truist Bank available for sale or lease
- 2,000+/- SF building with a two‑lane drive‑thru
- Directly off US Highway Rt 30 with 19,165+/- average VPD exposure
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 | $76.4k | $26.04 |
| − Vacancy | −$5.0k | −$1.72 |
| EGI | $71.4k | $24.32 |
| − OpEx | −$17.8k | −$6.08 |
| NOI | $53.5k | $18.24 |
2,935 SF · lease $26.04/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$764.8K
$669.2K – $892.3K
NOI $53,537 @ 7.0% cap · market cap 4.12%
Second Best
Retail
$493.4K
$431.8K – $575.7K
NOI $34,540 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$983.5K
$860.6K – $1.15M
NOI $68,847 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Bank - Former Truist Bank building with a two-lane drive-thru and flexible Neighborhood Commercial zoning.
Where is this bank located?
The property is located at 1950 Old Philadelphia Pike Lancaster, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Former Truist Bank available for sale or lease; 2,000+/- SF building with a two‑lane drive‑thru; Directly off US Highway Rt 30 with 19,165+/- average VPD exposure
