Third-Floor Office
For Sale
Contact for pricing
235 N DUKE STREET #300, Lancaster, PA 17602
Bright office space with a private restroom, kitchenette, central air, and assigned on-site parking.
Property Size592 SF
Price / SF$18.75
Days on Market52
Property Features for 235 N DUKE STREET #300
General Information
Standard status
Active
Size
592 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Floor
3
Amenities
private restroom
kitchenette
high ceilings
central air
signage on North Duke Street
Building Details
Year Built
1887
Listing Agency:
PPM Real Estate, Inc.
(717) 394-3374
Listed By:
Shade Foreman · License #RS376711
(717) 723-7350
Source:
Cummingsrealtors
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 30 at 4:36PM
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 PPM Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 592-square-foot office unit occupies the third floor at 235 N Duke Street #300. The layout includes two substantial office rooms connected by oversized doors, allowing the suite to function as either an open two-room arrangement or two separate private offices. A private restroom, kitchenette, high ceilings, and central air add practical workplace amenities.
The property is positioned in downtown Lancaster in a walkable setting, with signage available on North Duke Street. One assigned parking space is provided in the on-site lot. The building dates to 1887, combining a historic structure with functional office improvements.
The property is positioned in downtown Lancaster in a walkable setting, with signage available on North Duke Street. One assigned parking space is provided in the on-site lot. The building dates to 1887, combining a historic structure with functional office improvements.
Key Highlights
- 592 SF third‑floor office unit
- Two offices with oversized connecting doors for flexible separation
- Private restroom and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,801
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,020
$196.0K
Cap Rate 7%
$140,014
$140.0K
Cap Rate 9%
$108,900
$108.9K
Market Conditions
NOI Build-Up for 592 SF
Gross rent
$15.2K $25.68/SF
− Vacancy
−$2.1K −$3.61/SF
EGI
$13.1K $22.07/SF
− OpEx
−$3.3K −$5.52/SF
NOI
$9.8K $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%
$196,020
Cap Rate 7%
$140,014
Cap Rate 9%
$108,900
Alternative Uses
Best Use
Office B
$140.0K
$122.5K – $163.4K
NOI $9,801 @ 7.0% cap · market cap 88.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$198.4K
$173.6K – $231.5K
NOI $13,887 @ 7.0% cap · market cap 125.11%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,830
Businesses Nearby
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Business Placement
Demographics for 17602, PA
52,665
Population
19,472
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
24.6 sq mi
ZIP Area
2,141
Density / Sq Mi
$71,752
Median Household Income
$38,469
Median Earnings
$1,272
Median Rent
$250,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Bright office space with a private restroom, kitchenette, central air, and assigned on-site parking.
Where is this office unit located?
The property is located at 235 N DUKE STREET #300 Lancaster, PA.
What are key features of this property?
This property features: 592 SF third‑floor office unit; Two offices with oversized connecting doors for flexible separation; Private restroom and kitchenette
