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    East Market Street Office Building Title is generated by Realmo AI

    1508 E Market St, York, PA

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    Office building with commercial and residential potential near I-83.

    Type:OFFICE
    Property size:
    2,168 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $182/SF
    Added:
    Aug 25, 2025
    Days on Market:
    294
    Last Refresh:
    May 20 at 9:47 pm

    Property Features for 1508 E Market St

    General Information

    Standard status
    Active
    Size
    2,168 SF
    Lot size
    0.24 Acres
    Property subtype
    OFFICE

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    Listing Contact
    Patten Mills
    Patten Mills

    Listing agent Patten Mills License #RS352792

    Listing office Rock Commercial Real Estate

    Listing date Aug 25, 2025

    Source Moodyscre

    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 Rock Commercial Real Estate

    HighLights

    • Apartment‑Office zoning allows for flexible commercial or residential use.
    • Highly visible signage opportunity on East Market Street.
    • Convenient location with easy access to I‑83 and US 30.
    • Well‑maintained property featuring modern updates.
    • Charming architectural details, including stained glass windows.
    • Located a couple blocks from I‑83 and less than 1 mile from US 30.

    Overview

    This 2,168 square foot property is located on East Market Street and features apartment-office zoning, providing potential for both commercial and residential use. Signage offers visibility along East Market Street. The location provides convenient access to I-83 and US 30, situated just a couple blocks from I-83 and less than 1 mile from US 30. The property combines modern updates with charming features such as stained glass windows.

    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 $47.6k $21.96
    − Vacancy −$1.5k −$0.70
    EGI $46.1k $21.26
    − OpEx −$11.5k −$5.31
    NOI $34.6k $15.94
    2,168 SF · lease $21.96/SF/yr · vacancy 3.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $493.8K
    $432.1K – $576.1K (±1% cap)
    NOI $34,564 @ 7.0% cap · market cap 8.75%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $627.7K
    $549.3K – $732.3K (±1% cap)
    NOI $43,940 @ 7.0% cap · market cap 11.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Masis Staffing Solutions Employment Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Pennsylvania
    Longitude
    -76.6982
    Latitude
    39.9723

    FAQs

    What type of property is this?
    Office building - Office building with commercial and residential potential near I-83.
    Where is this office building located?
    The property is located at 1508 E Market St York, PA.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Apartment‑Office zoning allows for flexible commercial or residential use.; **Highly visible signage opportunity on East Market Street.**; Convenient location with easy access to I‑83 and US 30.
    (717) 854-5357 Call to check price and availability
    More about this property
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