15 N LIME Street, Lancaster, PA 17602
MULTI_FAMILY - Other - LANCASTER, PA
- Added:
- May 15, 2026
- Days on Market:
- 54
- Last Refresh:
- Jul 7 at 2:06 am
Property Features for 15 N LIME Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Driveway
- Standard status
- Active
- Size
- 2,641 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9540
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1870
- Number of units
- 2
- Building materials
- Masonry, Brick
- Architectural style
- Other
Listing agent Anne M Lusk License #RS210178L (717) 271-9339
Listing office Lusk & Associates Sotheby's International Realty 100 Foxshire Drive, Lancaster, PA (717) 291-9101
Listing date May 15, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑unit building in Downtown Lancaster in the Musser Park area
- First‑floor commercial space with 2 half baths, ready to customize for business use
- Second‑floor apartment includes 2 bedrooms, 2 full bathrooms, and a spacious living area
- Masonry brick construction with forced‑air heating and window AC units
- Off‑street driveway parking for up to 4 vehicles
Overview
The property is located in Downtown Lancaster, adjacent to Musser Park, with walkable access to Central Market, the Fulton Theatre, the Ware Center, and the courthouse. It also features off-street parking for up to four vehicles, which helps support both the commercial space and the residential unit.
For tenants and owner-occupants, the layout supports a live-and-work arrangement or separate business and residential uses under one roof. The ground-floor footprint with two half baths can accommodate a variety of office or service operations, while the upper apartment provides independent living space.
Local 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 | $67.8k | $25.68 |
| − Vacancy | −$9.5k | −$3.61 |
| EGI | $58.3k | $22.07 |
| − OpEx | −$14.6k | −$5.52 |
| NOI | $43.7k | $16.56 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.30125
- Latitude
- 40.0389
