Mixed-Use Storefront and
For Sale
Contact for pricing
305 N QUEEN ST, Lancaster, PA 17603
First-floor storefront with flexible space plus an upscale 2nd- and 3rd-floor residence, suited for live-work operations.
Property Size3,316 SF
Price / SF$284.98
Days on Market58
Property Features for 305 N QUEEN ST
General Information
Standard status
Active
Size
3,316 SF
Property subtype
Retail, Mixed Use
Building Details
Year Built
1858
Listing Agency:
PPM Real Estate
(814) 426-2124
Listed By:
Corinn Kirchner · License #RM425642
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 3 at 10:04AM
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
Investment Insights
Based on property information with market context.
This exceptional mixed-use property pairs a first-floor commercial storefront with an upscale residence across the 2nd and 3rd floors. The home was custom designed and includes two bedrooms, two full bathrooms, a den/office, coffered ceilings, hardwood flooring, exposed brick accents, and a custom kitchen. The spacious primary suite features a claw foot soaking tub, a large closet, and prominent windows offering western views. The commercial space will be delivered vacant, allowing the next owner to tailor the ground-floor layout to retail, office, gallery, or other permitted uses within the Central Business District.
Located on the vibrant 300 block of North Queen Street in Downtown Lancaster, the property is within walking distance of a range of dining, galleries, and entertainment options, as well as Central Market, Penn Square, and the Convention Center. The offering also includes one off-street parking space, supporting convenient access for residents and customers.
For owner-occupants, this configuration supports a true live-work setup with direct separation between the street-level business space and the private residence above. For investors and entrepreneurs, the vacant storefront provides flexibility to match current and evolving tenant needs, while the included residence amenities create a compelling option for those seeking an integrated commercial and residential ownership structure. An open house is scheduled for Wednesday, June 17 from 4:00 PM to 6:00 PM.
Located on the vibrant 300 block of North Queen Street in Downtown Lancaster, the property is within walking distance of a range of dining, galleries, and entertainment options, as well as Central Market, Penn Square, and the Convention Center. The offering also includes one off-street parking space, supporting convenient access for residents and customers.
For owner-occupants, this configuration supports a true live-work setup with direct separation between the street-level business space and the private residence above. For investors and entrepreneurs, the vacant storefront provides flexibility to match current and evolving tenant needs, while the included residence amenities create a compelling option for those seeking an integrated commercial and residential ownership structure. An open house is scheduled for Wednesday, June 17 from 4:00 PM to 6:00 PM.
Key Highlights
- Exceptional mixed‑use property with a first‑floor commercial storefront plus an upscale 2nd- and 3rd‑floor residence
- Residence features 2 bedrooms, 2 full baths, a den/office, custom kitchen, hardwood flooring, and exposed brick accents
- Spacious primary suite includes a claw foot soaking tub, large closet, and large windows with western views
Financial Insights For Office B
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 | $85.2k | $25.68 |
| − Vacancy | −$12.0k | −$3.61 |
| EGI | $73.2k | $22.07 |
| − OpEx | −$18.3k | −$5.52 |
| NOI | $54.9k | $16.56 |
3,316 SF · lease $25.68/SF/yr · vacancy 14.04% · expense 25.00%
Alternative Uses
Best Use
Office B
$784.3K
$686.2K – $915.0K
NOI $54,899 @ 7.0% cap · market cap 5.81%
Second Best
Mixed Use
$588.4K
$514.8K – $686.4K
NOI $41,185 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$1.11M
$972.3K – $1.30M
NOI $77,785 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 17603, PA
66,739
Population
28,142
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
2,225
Density / Sq Mi
$77,156
Median Household Income
$40,043
Median Earnings
$1,265
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - First-floor storefront with flexible space plus an upscale 2nd- and 3rd-floor residence, suited for live-work operations.
Where is this live-work space located?
The property is located at 305 N QUEEN ST Lancaster, PA.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Exceptional mixed‑use property with a first‑floor commercial storefront plus an upscale 2nd- and 3rd‑floor residence; Residence features 2 bedrooms, 2 full baths, a den/office, custom kitchen, hardwood flooring, and exposed brick accents; Spacious primary suite includes a claw foot soaking tub, large closet, and large windows with western views
