Freestanding Retail
2201 Marietta Ave Lancaster, PA 17603
New
2201 Marietta Ave, Lancaster, PA, 17603
$569,000
For Sale
$569,000
Freestanding commercial building with partially occupied space and an additional cell tower lease income stream.
Property Size2,632 SF
Price / SF$216.19
Days on Market2
Property Features for 2201 Marietta Ave
General Information
- Standard status
- Active
- Size
- 2,632 SF
Building Details
- Year Built
- 1948
Listing agency
Bennett Williams Realty, Inc.
(717) 843-5555
Listed by
Bradley A Rohrbaugh · License #RS223194L
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 4:41AM Checked: Jul 22 at 4:41AM
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 Bennett Williams Realty, Inc.
Investment Insights
Based on property information with market context.
Located at 2201 Marietta Ave in Lancaster, this 2,632 SF freestanding commercial building is positioned along a well-traveled corridor. The property is partially occupied by a month-to-month tenant paying $600 per month, and it also includes a cell tower lease generating $2,650 annually. This combination provides in-place income while allowing flexibility for a future owner regarding occupancy and re-leasing.
The building is described as having strong visibility and convenient access to surrounding retail, residential neighborhoods, and major roadways. The property is presented as a fit for a range of commercial uses, depending on how the space is occupied, re-positioned, or re-leased going forward.
For sale as an owner-user or investment opportunity, the asset offers baseline income through current tenancy and the tower lease, along with the ability to pursue additional leasing or occupancy plans.
The building is described as having strong visibility and convenient access to surrounding retail, residential neighborhoods, and major roadways. The property is presented as a fit for a range of commercial uses, depending on how the space is occupied, re-positioned, or re-leased going forward.
For sale as an owner-user or investment opportunity, the asset offers baseline income through current tenancy and the tower lease, along with the ability to pursue additional leasing or occupancy plans.
Key Highlights
- 2,632 SF freestanding commercial building on Marietta Ave in Lancaster
- Year built: 1948
- Partially occupied space includes a month‑to‑month tenant paying $600/month
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 | $47.4k | $18.00 |
| − Vacancy | −$3.1k | −$1.19 |
| EGI | $44.2k | $16.81 |
| − OpEx | −$13.3k | −$5.04 |
| NOI | $31.0k | $11.77 |
2,632 SF · lease $18.00/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$442.5K
$387.2K – $516.2K
NOI $30,974 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$882.0K
$771.8K – $1.03M
NOI $61,740 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
Similar Off Market Nearby
- Stephenson's flowers — 201 Rohrerstown Rd, Lancaster, PA 17603
FAQs
What type of property is this?
Storefront property - Freestanding commercial building with partially occupied space and an additional cell tower lease income stream.
Where is this storefront property located?
The property is located at 2201 Marietta Ave Lancaster, PA.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 2,632 SF freestanding commercial building on Marietta Ave in Lancaster; Year built: 1948; Partially occupied space includes a month‑to‑month tenant paying $600/month
