Corner Retail
171 E King St Lancaster, PA 17602
171 E King St, Lancaster, PA, 17602
$749,900
For Sale
$749,900
For sale storefront property on the northwest corner of N. Lime and E. King Streets in Lancaster County.
Property Size5,511 SF
Price / SF$136.07
Days on Market60
Property Features for 171 E King St
General Information
- Standard status
- Active
- Size
- 5,511 SF
Building Details
- Year Built
- 1910
Listing agency
Iron Valley Real Estate of Lancaster
(717) 808-0143
Listed by
Jennifer B Rule · License #RS319741
(717) 808-0143
Source
Evrealestate
Added: May 23 Updated: Jul 21 at 3:51AM Checked: Jul 21 at 3:51AM
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 Iron Valley Real Estate of Lancaster
Investment Insights
Based on property information with market context.
This corner storefront property offers a commercial retail space configuration suitable for a wide range of storefront uses. The building is listed for sale at 171 E King St in Lancaster, PA 17602, with a total property size of 5,511 square feet.
The property is positioned on the northwest corner of N. Lime and E. King Streets. Directions are given as traveling east on King Street to the corner.
If you’re looking for a retail storefront location on a corner in Lancaster County, this property provides a straightforward street-facing setup at a dedicated address.
The property is positioned on the northwest corner of N. Lime and E. King Streets. Directions are given as traveling east on King Street to the corner.
If you’re looking for a retail storefront location on a corner in Lancaster County, this property provides a straightforward street-facing setup at a dedicated address.
Key Highlights
- For‑sale storefront property on the northwest corner of N. Lime St. and E. King St. in Lancaster County
- Built in 1910
- Central air conditioning and forced‑air heating
Local Financial Insights For 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 | $99.2k | $18.00 |
| − Vacancy | −$6.5k | −$1.19 |
| EGI | $92.7k | $16.81 |
| − OpEx | −$27.8k | −$5.04 |
| NOI | $64.9k | $11.77 |
5,511 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$926.5K
$810.7K – $1.08M
NOI $64,856 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,274 @ 7.0% cap · market cap 17.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - For sale storefront property on the northwest corner of N. Lime and E. King Streets in Lancaster County.
Where is this storefront property located?
The property is located at 171 E King St Lancaster, PA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: For‑sale storefront property on the northwest corner of N. Lime St. and E. King St. in Lancaster County; Built in 1910; Central air conditioning and forced‑air heating
