Service Station with Two-Bay
For Sale
Contact for pricing
2618 Lititz Pike, Lancaster, PA 17601
Service station with gas pumps plus a two-bay garage with office and storage on Lititz Pike/Route 501.
Property Size1,652 SF
Price / SF$453
Days on Market155
Property Features for 2618 Lititz Pike
General Information
Standard status
Active
Size
1,652 SF
Class
C
Property subtype
Retail
Zoning
B-2
Lease Type
NNN
Additional Details
Business Included
Yes
Traffic Count
22,000 vehicles/day
Drive-In Doors
2
Service Bays
2
Building Details
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Bennett Williams Commercial Lancaster
Listed By:
Jeff Herr · License #PA RS191756L
(717) 843-5555
Source:
Crexi
Added: Apr 6
Changed: Aug 14
Last Checked: Sep 7 at 3:06AM
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 Commercial Lancaster
Investment Insights
Based on property information with market context.
This for-sale service station includes gas pumps and a 1,652 two-bay garage with an office and storage room. The property is offered with an existing automotive inspection/repair business option for purchase.
The retail site is located on Lititz Pike/Route 501, where it is marketed as receiving approximately 22,000 vehicles per day.
The improvements are configured to support automotive service activities, combining fuel dispensing with enclosed garage space and back-of-house storage, along with an on-site office.
The retail site is located on Lititz Pike/Route 501, where it is marketed as receiving approximately 22,000 vehicles per day.
The improvements are configured to support automotive service activities, combining fuel dispensing with enclosed garage space and back-of-house storage, along with an on-site office.
Key Highlights
- Service station with gas pumps for sale in Manheim Township
- 1,652 SF two‑bay garage with office and storage room
- Prime retail location on Lititz Pike/Route 501 (22,000 vpd)
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
$30,134
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
4.02%
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%
$602,680
$602.7K
Cap Rate 7%
$430,486
$430.5K
Cap Rate 9%
$334,822
$334.8K
Market Conditions
NOI Build-Up for 1,652 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
$43.0K $26.04/SF
− Vacancy
−$2.8K −$1.72/SF
EGI
$40.2K $24.32/SF
− OpEx
−$10.0K −$6.08/SF
NOI
$30.1K $18.24/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$26.04 /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%
$602,680
Cap Rate 7%
$430,486
Cap Rate 9%
$334,822
Alternative Uses
Best Use
Specialty Retail
$430.5K
$376.7K – $502.2K
NOI $30,134 @ 7.0% cap · market cap 4.02%
Second Best
Retail
$277.7K
$243.0K – $324.0K
NOI $19,441 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$553.6K
$484.4K – $645.9K
NOI $38,752 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
2
Service bays
22,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
6,726 visits/mo
0.2 miles
Turkey Hill Minit Market
Shops & Services
2,839 visits/mo
0.2 miles
Demographics for 17601, PA
55,710
Population
23,126
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
94%
High-School Grad
33.5 sq mi
ZIP Area
1,663
Density / Sq Mi
$96,433
Median Household Income
$50,358
Median Earnings
$1,477
Median Rent
$324,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Gas station - Service station with gas pumps plus a two-bay garage with office and storage on Lititz Pike/Route 501.
Where is this gas station located?
The property is located at 2618 Lititz Pike Lancaster, PA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Service station with gas pumps for sale in Manheim Township; 1,652 SF two‑bay garage with office and storage room; Prime retail location on Lititz Pike/Route 501 (22,000 vpd)
