Lancaster Warehouse Property for
209 Hazel St Lancaster, PA 17603
209 Hazel St, Lancaster, PA, 17603
$3,525,000
Pending
For Sale
$3,525,000
Pending
24,000 sqft warehouse property available in Lancaster, Pennsylvania.
Property Size24,000 SF
Days on Market124
Property Features for 209 Hazel St
General Information
- Standard status
- Pending
- Size
- 24,000 SF
Building Details
- Year Built
- 1910
Listing Agency
Compass Real Estate, LLC
(717) 808-3531
Listed by
Deepa Balepur · License #RM425415
(717) 808-3531
Source
Evrealestate
Added: Mar 17 Checked: Jul 17 at 2:49 am
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
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
Local Financial Insights For Warehouse
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 | $206.9k | $8.62 |
| − Vacancy | −$15.9k | −$0.66 |
| EGI | $191.0k | $7.96 |
| − OpEx | −$28.6k | −$1.19 |
| NOI | $162.3k | $6.76 |
24,000 SF · lease $8.62/SF/yr · vacancy 7.70% · expense 15.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Spring House Brewing ...
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Seymour Street Self storage — 222 Seymour St, Lancaster, PA 17603
- North Street Storage — 555 North St, Lancaster, PA 17602
- SOWE Storage unit — 33 Old Dorwart St, Lancaster, PA 17603
- Seymour Storage Units — 201 Seymour St, Lancaster, PA 17603
- Ace Moving Co — 822 Lafayette St, Lancaster, PA 17603
FAQs
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 St 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
