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.
- Added:
- Jun 9, 2026
- Days on Market:
- 13
- Last Refresh:
- Jun 20 at 2:32 am
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 agent Corinn Kirchner License #RM425642
Listing office PPM Real Estate (814) 426-2124
Listing date Jun 9, 2026
Source Crexi
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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
- Commercial space will be delivered vacant with flexibility for retail, office, or gallery uses within the Central Business District
- Located on the 300 block of North Queen Street in Downtown Lancaster, within walking distance of Central Market, Penn Square, and the Convention Center
- Includes 1 off‑street parking space
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.306358
- Latitude
- 40.042927