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$269.90
Days on Market145
Property Features for 305 N Queen St
General Information
Standard status
Active
Size
3,316 SF
Class
B
Total Parking Spaces
1
Property subtype
Mixed Use
Zoning
CB1
Lease Type
Modified Gross
Building Details
Year Built
1858
Year Renovated
2015
Buildings
1
Stories
3
Units
2
Listing Agency:
PPM Real Estate
Listed By:
Corinn Kirchner · License #RM425642
(814) 426-2124
Source:
Crexi
Added: Jun 9
Changed: Oct 25
Last Checked: Oct 30 at 2:29PM
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
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Investment Insights
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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
Estimated NOI and Cap Rate
NOI / Yr
$54,899
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,980
$1.1M
Cap Rate 7%
$784,271
$784.3K
Cap Rate 9%
$609,989
$610.0K
Market Conditions
NOI Build-Up for 3,316 SF
Gross rent
$85.2K $25.68/SF
− Vacancy
−$12.0K −$3.61/SF
EGI
$73.2K $22.07/SF
− OpEx
−$18.3K −$5.52/SF
NOI
$54.9K $16.56/SF
Area
Lancaster County, PA
Vacancy
14.04%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,980
Cap Rate 7%
$784,271
Cap Rate 9%
$609,989
Alternative Uses
Best Use
Office B
$784.3K
$686.2K – $915.0K
NOI $54,899 @ 7.0% cap · market cap 6.13%
Second Best
Mixed Use
$588.4K
$514.8K – $686.4K
NOI $41,185 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.11M
$972.3K – $1.30M
NOI $77,785 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,872
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
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 $895,000.
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
