Grocery and Convenience
For Sale
$140,000
14 South Prince St S, Lancaster, PA 17603
Operating grocery and lottery business positioned in Lancaster City’s established downtown setting.
Property Size1,000 SF
Price / SF$140
Days on Market81
Property Features for 14 South Prince St S
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Building Details
Year Built
1890
Listing Agency:
A' La Carte Realty Services LLC
Listed By:
Spencer Speros · License #RB070379
(717) 808-1942
Source:
Tbhteam
Added: Jul 25
Changed: Sep 26
Last Checked: Oct 7 at 2:01PM
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 A' La Carte Realty Services LLC
Investment Insights
Based on property information with market context.
This grocery and convenience store property supports an operating grocery and lottery business at 14 South Prince St S in Lancaster, Pennsylvania. The property dates to 1890 and is located in Lancaster City.
The site is one block from the Lancaster Convention Center, Penn Square, and Fulton Opera House. Reported daily traffic exceeds 10,000 vehicles, providing measurable activity near the property and its surrounding downtown destinations.
The site is one block from the Lancaster Convention Center, Penn Square, and Fulton Opera House. Reported daily traffic exceeds 10,000 vehicles, providing measurable activity near the property and its surrounding downtown destinations.
Key Highlights
- Operating grocery and lottery business
- Located at 14 South Prince St S, Lancaster, PA 17603
- One block from Lancaster Convention Center and Penn Square
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,768
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,360
$235.4K
Cap Rate 7%
$168,114
$168.1K
Cap Rate 9%
$130,756
$130.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$1.2K −$1.19/SF
EGI
$16.8K $16.81/SF
− OpEx
−$5.0K −$5.04/SF
NOI
$11.8K $11.77/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,360
Cap Rate 7%
$168,114
Cap Rate 9%
$130,756
Alternative Uses
Best Use
Specialty Retail
$260.6K
$228.0K – $304.0K
NOI $18,241 @ 7.0% cap · market cap 13.03%
Second Best
Retail
$168.1K
$147.1K – $196.1K
NOI $11,768 @ 7.0% cap · market cap 8.41%
Theoretical Best
Office A
$335.1K
$293.2K – $391.0K
NOI $23,457 @ 7.0% cap · market cap 16.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
3,790
Businesses Nearby
102k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 40%
Shops & Services 25%
Dining 21%
Groceries 13%
Lancaster Marriott
Hotels & Casinos
40,779 visits/mo
0.1 miles
McDonald's
Dining
19,295 visits/mo
0.1 miles
Sunoco
Shops & Services
8,706 visits/mo
0.2 miles
Turkey Hill Minit Market
Shops & Services
7,181 visits/mo
0.4 miles
Bravo Supermarkets
Groceries
6,864 visits/mo
0.1 miles
Demographics for 17603, PA
66,739
Population
28,142
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
2,225
Density / Sq Mi
$77,156
Median Household Income
$40,043
Median Earnings
$1,265
Median Rent
$244,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Operating grocery and lottery business positioned in Lancaster City’s established downtown setting.
Where is this grocery and convenience store located?
The property is located at 14 South Prince St S Lancaster, PA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Operating grocery and lottery business; Located at 14 South Prince St S, Lancaster, PA 17603; One block from Lancaster Convention Center and Penn Square
