Turnkey Restaurant/Retail Property in
30 W LEMON Street Lancaster, PA 17603
For Sale
$1,500,000
Commercial Sale - LANCASTER, PA
Property Size4,500 SF
Lot Size0.07 Acres
Price / SF$333.33
Days on Market129
Property Features for 30 W LEMON Street
General Information
- Property type
- Other
- Property subtype
- Retail
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 13743
Building Details
- Year built
- 1995
- Building materials
- Brick
Listing Agency:
Compass Real Estate, LLC
(717) 431-8300
Listed By:
Deepa Balepur · License #RM425415
(717) 808-3531
Added: Mar 18
Changed: Jun 9
Last Checked: Jul 24 at 9:06PM
MLS# PALA2084810
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the heart of Downtown Lancaster, 30 W Lemon Street is a turnkey restaurant or retail property. The property, originally built in 1910, was fully renovated in 2023 with over $850,000 in improvements. The property features extensive structural upgrades, large modern windows, and a refreshed interior. The property is +/- 4,500 SF. Zoned CB1 (Central Business Core), this property includes both the real estate and business assets, complemented by valuable CRIZ credits. The location offers exceptional visibility, heavy foot traffic, and vibrant urban energy. The property is surrounded by acclaimed restaurants, galleries, and entertainment venues and is just steps from Gallery Row, Lancaster Central Market and Clipper Magazine Stadium. The lot size is 0.07 acres.
Key Highlights
- Turnkey +/- 4,500 SF restaurant or retail property in Downtown Lancaster.
- Fully renovated in 2023 with over $850,000 in improvements, including extensive structural upgrades.
- Includes both the real estate and business assets.
Financial Insights For Specialty 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 | $117.2k | $26.04 |
| − Vacancy | −$7.7k | −$1.72 |
| EGI | $109.4k | $24.32 |
| − OpEx | −$27.4k | −$6.08 |
| NOI | $82.1k | $18.24 |
4,500 SF · lease $26.04/SF/yr · vacancy 6.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.17M
$1.03M – $1.37M
NOI $82,085 @ 7.0% cap · market cap 5.47%
Second Best
Retail
$756.5K
$662.0K – $882.6K
NOI $52,958 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,558 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Coffin Bar
Restaurant
Similar Off Market Nearby
- Jerry's American Catering Co. — 347 N Plum St, Lancaster, PA 17602
- This Little Piggy — 33 N Market St, Lancaster, PA 17603
- Commonwealth Kitchen — 213 W Chestnut St, Lancaster, PA 17603
- Twisted Spoon — 221 E Frederick St, Lancaster, PA 17602
- Pierre DeRagon Personal Chef Services — 213 E Chestnut St, Lancaster, PA 17602
FAQs
What type of property is this?
Restaurant - Renovated restaurant/retail property with business assets in downtown Lancaster.
Where is this restaurant located?
The property is located at 30 W LEMON Street Lancaster, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Turnkey +/- 4,500 SF restaurant or retail property in Downtown Lancaster.; Fully renovated in 2023 with over $850,000 in improvements, including extensive structural upgrades.; Includes both the real estate and business assets.
