Freestanding Two-Story Bank
For Sale
$725,000
2132 Marietta Avenue, Lancaster, PA 17603
Former branch layout includes teller stations, private offices, conference space, and drive-through service.
Property Size3,826 SF
Price / SF$189.49
Days on Market400
Property Features for 2132 Marietta Avenue
General Information
Standard status
Active
Size
3,826 SF
Property subtype
Retail
Property Condition
Severity
Major Repairs Needed
Evidence
contaminated with black mold
Taxes and HOA fees
Annual Taxes
$15,264
Amenities
Central Air
3
Ceramic Tile, Vinyl, Carpet
Flat, Rubber
VC - VILLAGE CENTER ZONE
Parking. Corner Lot.
Lot.
0.00 x 0.00
Corner.
Building Details
Year Built
1969
Buildings
1
Stories
2
Listing Agency:
U.S. Commercial Realty
(717) 735-6000
Listed By:
Daniel Berger · License #AB050590L
(717) 735-6000
Source:
Xome
Added: Jul 28, 2025
Changed: Aug 30
Last Checked: Aug 30 at 9:38PM
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 U.S. Commercial Realty
Investment Insights
Based on property information with market context.
This freestanding, two-story bank and office property was built in 1969 and includes a first-floor lobby with teller stations, private offices, and a conference room. The upper level provides additional office area, a lunchroom, and a restroom. Interior finishes include ceramic tile, vinyl, and carpet, with central air conditioning and a flat rubber roof.
The building occupies a corner location at 2132 Marietta Avenue in Lancaster, Pennsylvania, with three drive-through lanes, including a dedicated ATM lane. The property is within the VC - Village Center Zone. Black mold contamination is present, and the improvements require substantial renovation or redevelopment.
The building occupies a corner location at 2132 Marietta Avenue in Lancaster, Pennsylvania, with three drive-through lanes, including a dedicated ATM lane. The property is within the VC - Village Center Zone. Black mold contamination is present, and the improvements require substantial renovation or redevelopment.
Key Highlights
- Freestanding two‑story bank and office building at 2132 Marietta Avenue
- Three drive‑through lanes, including an ATM lane
- First‑floor lobby with teller stations, private offices, and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,343
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,266,860
$1.3M
Cap Rate 7%
$904,900
$904.9K
Cap Rate 9%
$703,811
$703.8K
Market Conditions
NOI Build-Up for 3,826 SF
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.
Gross rent
$98.3K $25.68/SF
− Vacancy
−$13.8K −$3.61/SF
EGI
$84.5K $22.07/SF
− OpEx
−$21.1K −$5.52/SF
NOI
$63.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,266,860
Cap Rate 7%
$904,900
Cap Rate 9%
$703,811
Alternative Uses
Best Use
Specialty Retail
$997.0K
$872.4K – $1.16M
NOI $69,790 @ 7.0% cap · market cap 9.63%
Second Best
Office B
$904.9K
$791.8K – $1.06M
NOI $63,343 @ 7.0% cap · market cap 8.74%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,748 @ 7.0% cap · market cap 12.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former branch layout includes teller stations, private offices, conference space, and drive-through service.
Where is this bank located?
The property is located at 2132 Marietta Avenue Lancaster, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Freestanding two‑story bank and office building at 2132 Marietta Avenue; Three drive‑through lanes, including an ATM lane; First‑floor lobby with teller stations, private offices, and conference room
