Historic Mixed-Use
For Sale
$234,000
204 E Main St, Mount Joy, PA 17552
Flexible commercial and residential layout with updated kitchens and bathrooms, wood floors, and a former storefront area.
Property Size1,167 SF
Price / SF$200.51
Days on Market47
Property Features for 204 E Main St
General Information
Standard status
Active
Size
1,167 SF
Building Details
Year Built
1850
Listing Agency:
Kingsway Realty - Lancaster
Listed By:
Christine Nolt · License #RS332150
(717) 517-0407
Source:
Elkaimpropertygroup
Added: Sep 19
Changed: Oct 25
Last Checked: Oct 7 at 4:46PM
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 Kingsway Realty - Lancaster
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Investment Insights
Based on property information with market context.
Built in 1850, this 1,167-square-foot mixed-use property combines commercial functionality with residential space. The front room previously operated as a storefront and can accommodate retail or office use. Interior features include wood flooring along with updated kitchen and bathroom areas.
The upper level includes one bedroom, a bonus room that may serve as a second bedroom, and a full bathroom. The property is located at 204 E Main St in Mount Joy’s Commercial District, with potential for a rooftop deck.
The upper level includes one bedroom, a bonus room that may serve as a second bedroom, and a full bathroom. The property is located at 204 E Main St in Mount Joy’s Commercial District, with potential for a rooftop deck.
Key Highlights
- 1,167 SF mixed‑use property built in 1850
- Front room previously used as a storefront
- Commercial District location at 204 E Main St, Mount Joy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,321
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,420
$386.4K
Cap Rate 7%
$276,014
$276.0K
Cap Rate 9%
$214,678
$214.7K
Market Conditions
NOI Build-Up for 1,167 SF
Gross rent
$30.0K $25.68/SF
− Vacancy
−$4.2K −$3.61/SF
EGI
$25.8K $22.07/SF
− OpEx
−$6.4K −$5.52/SF
NOI
$19.3K $16.56/SF
Area
Lancaster County, PA
Vacancy
14.04%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$386,420
Cap Rate 7%
$276,014
Cap Rate 9%
$214,678
Alternative Uses
Best Use
Office B
$276.0K
$241.5K – $322.0K
NOI $19,321 @ 7.0% cap · market cap 8.26%
Second Best
Mixed Use
$207.1K
$181.2K – $241.6K
NOI $14,494 @ 7.0% cap · market cap 6.19%
Theoretical Best
Office A
$391.1K
$342.2K – $456.3K
NOI $27,375 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
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Business Placement
Demographics for 17552, PA
20,393
Population
8,684
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
32.6 sq mi
ZIP Area
626
Density / Sq Mi
$89,776
Median Household Income
$48,718
Median Earnings
$1,225
Median Rent
$275,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial and residential layout with updated kitchens and bathrooms, wood floors, and a former storefront area.
Where is this mixed-use property located?
The property is located at 204 E Main St Mount Joy, PA.
What is the asking price?
The asking price for this property is $234,000.
What are key features of this property?
This property features: 1,167 SF mixed‑use property built in 1850; Front room previously used as a storefront; Commercial District location at 204 E Main St, Mount Joy
