Building Details

Year Built 1925

Listing Agency: Berkshire Hathaway HomeServices Homesale Realty b***@homesale.com Show Phone

Listed By: Allison P. Whittaker · License #RS179626L Show Phone

Source: Cummingsrealtors

Added: Oct 22 Changed: Oct 25 Last Checked: Oct 25 at 2:42AM

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Investment Insights

Based on property information with market context.

This 5,200-square-foot retail space in Landisville was built in 1925 and is within East Hempfield Township’s Village Commons zoning district. Potential uses include commercial, professional, service, and retail activities, subject to Township review and any required approvals.

East Main Street, Church Street, and Harrisburg Pike provide access to the surrounding area and the greater Lancaster employment market. Reported estimated daily traffic is 4,731 vehicles on East Main Street near James Street and 7,364 vehicles on Church Street near Jonas Drive. The 17538 trade area has an estimated population of 7,338.

Key Highlights

• 5,200‑square‑foot retail space
• Built in 1925
• Village Commons zoning district; proposed uses require Township confirmation and approval

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,196

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,223,920 $1.2M

Cap Rate 7%

$874,229 $874.2K

Cap Rate 9%

$679,956 $680.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 5,200 SF

Gross rent

$93.6K $18.00/SF

− Vacancy

−$6.2K −$1.19/SF

EGI

$87.4K $16.81/SF

− OpEx

−$26.2K −$5.04/SF

NOI

$61.2K $11.77/SF

Area

Lancaster County, PA

Vacancy

6.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,223,920

Cap Rate 7%

$874,229

Cap Rate 9%

$679,956

Alternative Uses

Best Use

Retail

$874.2K

$765.0K – $1.02M (±1% cap)

NOI $61,196 @ 7.0% cap · market cap 219.34%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.74M

$1.52M – $2.03M (±1% cap)

NOI $121,979 @ 7.0% cap · market cap 437.20%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Wearhouse Consignment Discount Store Miss Calee's Eats ... Restaurant The Connection Landisville Clothing Store

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Dental Office Hair Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

194

Businesses Nearby

8k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Turkey Hill Minit Market Shops & Services

7,506 visits/mo 0.2 miles

Demographics for 17538, PA

7,064

Population

3,111

Households

2.3

Avg Household Size

43

Median Age

42%

College-Educated

94%

High-School Grad

4.1 sq mi

ZIP Area

1,723

Density / Sq Mi

$96,463

Median Household Income

$55,152

Median Earnings

$1,088

Median Rent

$293,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Village Commons zoning supports consideration of several commercial uses, subject to East Hempfield Township approval.

Where is this retail space located?

The property is located at 329 E MAIN STREET #D Landisville, PA.

What are key features of this property?

This property features: 5,200‑square‑foot retail space; Built in 1925; Village Commons zoning district; proposed uses require Township confirmation and approval