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    Mixed-Use Storefront and Residence Title is generated by Realmo AI

    305 N QUEEN ST, Lancaster, PA 17603

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    First-floor storefront with flexible space plus an upscale 2nd- and 3rd-floor residence, suited for live-work operations.

    Type:Retail, Mixed Use
    Property size:
    3,316 SF
    Price / SF:
    $284/SF
    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

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    Listing Contact
    Corinn Kirchner
    Corinn Kirchner

    Listing agent Corinn Kirchner License #RM425642

    Listing office PPM Real Estate

    Listing date Jun 9, 2026

    Source Crexi

    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

    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

    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.

    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
    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 (±1% cap)
    NOI $54,899 @ 7.0% cap · market cap 5.81%
    Second Best
    Mixed Use
    $588.4K
    $514.8K – $686.4K (±1% cap)
    NOI $41,185 @ 7.0% cap · market cap 4.36%
    Theoretical Best
    Office A
    $1.11M
    $972.3K – $1.30M (±1% cap)
    NOI $77,785 @ 7.0% cap · market cap 8.23%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Drøm Home Decor Store Soost Home Services Construction Company

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.306358
    Latitude
    40.042927

    FAQs

    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
    (814) 426-2124 Call to check price and availability
    More about this property
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