Lancaster Warehouse Property for
For Sale
$3,525,000
Pending
209 HAZEL STREET, Lancaster, PA 17603
24,000 sqft warehouse property available in Lancaster, Pennsylvania.
Property Size24,000 SF
Days on Market213
Property Features for 209 HAZEL STREET
General Information
Standard status
Pending
Size
24,000 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$40,678
Building Details
Building Size
24,000 SF
Year Built
1910
Listing Agency:
Compass Real Estate, LLC
Listed By:
Deepa Balepur · License #RM425415
(717) 431-8300
Source:
Kingswayrealty
Added: Mar 18
Changed: Oct 3
Last Checked: Oct 16 at 5:37AM
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 Compass Real Estate, LLC
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Investment Insights
Based on property information with market context.
Located off South Prince Street, this property is situated on Hazel Street in Lancaster, Pennsylvania. The property encompasses 24,000 square feet and is suitable for warehouse or industrial use.
Key Highlights
- Located on Hazel St
- Situated to the right when coming from S Prince St
- Located in Lancaster County
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$162,308
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,246,160
$3.2M
Cap Rate 7%
$2,318,686
$2.3M
Cap Rate 9%
$1,803,422
$1.8M
Market Conditions
NOI Build-Up for 24,000 SF
Gross rent
$206.9K $8.62/SF
− Vacancy
−$15.9K −$0.66/SF
EGI
$191.0K $7.96/SF
− OpEx
−$28.6K −$1.19/SF
NOI
$162.3K $6.76/SF
Area
Lancaster County, PA
Vacancy
7.70%
Lease Rate
$8.62 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,246,160
Cap Rate 7%
$2,318,686
Cap Rate 9%
$1,803,422
Alternative Uses
Best Use
Warehouse
$2.32M
$2.03M – $2.71M
NOI $162,308 @ 7.0% cap · market cap 4.60%
Second Best
Industrial
$1.91M
$1.67M – $2.23M
NOI $133,665 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$8.04M
$7.04M – $9.38M
NOI $562,978 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,643
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Seymour Street Self storage — 222 Seymour St, Lancaster, PA 17603
- Seymour Storage Units — 201 Seymour St, Lancaster, PA 17603
- Ace Moving Co — 822 Lafayette St, Lancaster, PA 17603
- North Street Storage — 555 North St, Lancaster, PA 17602
- SOWE Storage unit — 33 Old Dorwart St, Lancaster, PA 17603
Frequently Asked Questions
What type of property is this?
Warehouse - 24,000 sqft warehouse property available in Lancaster, Pennsylvania.
Where is this warehouse located?
The property is located at 209 HAZEL STREET Lancaster, PA.
What is the asking price?
The asking price for this property is $3,525,000.
What are key features of this property?
This property features: Located on Hazel St; Situated to the right when coming from S Prince St; Located in Lancaster County
