Three-Building Mixed-Use
For Sale
$300,000
278 Lowther St, Lemoyne, PA 17043
Separate structures offer residential layouts, garage and storage areas, and paved on-site parking.
Property Size2,760 SF
Price / SF$108.70
Days on Market9
Property Features for 278 Lowther St
General Information
Standard status
Active
Size
2,760 SF
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
in need of work
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Condition
Needs Renovation
Individually Metered Utilities
electricity, gas
Property Use
Office
Building Details
Year Built
1922
Buildings
3
Listing Agency:
RE/MAX Realty Associates
Listed By:
Stephen M Hawbecker · License #RS103895A
(717) 877-5599
Source:
Baltimoreharfordhomesforsale
Added: Oct 20
Changed: Oct 27
Last Checked: Oct 28 at 8:32AM
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 RE/MAX Realty Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises three detached buildings. Its primary structure is a two-story, four-bedroom residence with living, dining, and kitchen areas, a full basement, and covered porches at both the front and rear. The building measures 1,800 square feet and has a two-zone gas hot-water furnace, gas water heater, 100-amp electric service, and gas meter.
A second two-story building includes a ground-floor garage or storage area and a 624-square-foot, one-bedroom apartment above. The apartment has separate 100-amp electric service and gas meters, a shared water line, an oil steam furnace, and a gas water heater. The third building measures 48 by 20 feet and currently serves as a one-car garage and storage space; it was formerly configured as a four-car garage.
A paved driveway provides access, and the on-site parking area has room to turn around. The buildings are described as needing work.
A second two-story building includes a ground-floor garage or storage area and a 624-square-foot, one-bedroom apartment above. The apartment has separate 100-amp electric service and gas meters, a shared water line, an oil steam furnace, and a gas water heater. The third building measures 48 by 20 feet and currently serves as a one-car garage and storage space; it was formerly configured as a four-car garage.
A paved driveway provides access, and the on-site parking area has room to turn around. The buildings are described as needing work.
Key Highlights
- Three detached buildings on the property
- Two‑story, four‑bedroom main residence with 1,800 square feet and a full basement
- 624‑square‑foot, one‑bedroom apartment above garage or storage space in the second building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,849
Cap Rate
8.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,980
$517.0K
Cap Rate 7%
$369,271
$369.3K
Cap Rate 9%
$287,211
$287.2K
Market Conditions
NOI Build-Up for 2,760 SF
Gross rent
$44.7K $16.20/SF
− Vacancy
−$3.4K −$1.22/SF
EGI
$41.4K $14.99/SF
− OpEx
−$15.5K −$5.62/SF
NOI
$25.8K $9.37/SF
Area
Cumberland County, PA
Vacancy
7.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$516,980
Cap Rate 7%
$369,271
Cap Rate 9%
$287,211
Alternative Uses
Best Use
Mixed Use
$369.3K
$323.1K – $430.8K
NOI $25,849 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$641.1K
$561.0K – $748.0K
NOI $44,879 @ 7.0% cap · market cap 14.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Explore this area
Business Placement
Demographics for 17043, PA
6,184
Population
3,037
Households
2
Avg Household Size
41
Median Age
37%
College-Educated
92%
High-School Grad
2.1 sq mi
ZIP Area
2,945
Density / Sq Mi
$66,752
Median Household Income
$46,436
Median Earnings
$968
Median Rent
$216,300
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Separate structures offer residential layouts, garage and storage areas, and paved on-site parking.
Where is this mixed-use property located?
The property is located at 278 Lowther St Lemoyne, PA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Three detached buildings on the property; Two‑story, four‑bedroom main residence with 1,800 square feet and a full basement; 624‑square‑foot, one‑bedroom apartment above garage or storage space in the second building
