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Two-Unit Mixed-Use Property
For Sale
$315,000

347 N RESERVOIR STREET, Lancaster, PA 17602

Corner property combines a private-entry apartment with a vacant ground-floor commercial storefront.

Property SizeContact for details
Days on Market10

Property Features for 347 N RESERVOIR STREET

General Information

Standard status Active
Property subtype Commercial

Units

Unit Mix 1 x 2BR
Multifamily Units 1

Additional Details

Average Monthly Rent $1,600
Corner Location Yes

Building Details

Year Built 1947
Buildings 1
Stories 2
Listing Agency: Keller Williams Elite
Listed By: Alexander Glen Whitt · License #RS353433
Source: Cummingsrealtors
Added: Aug 3 Changed: Aug 11 Last Checked: Aug 12 at 5:40AM

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 Keller Williams Elite

Investment Insights

Based on property information with market context.

Built in 1947, this two-unit mixed-use property pairs a second-floor residential apartment with a commercial storefront at street level. The apartment has two bedrooms and a separate private entrance, and it is currently leased. The lower-level space is vacant and offers a flexible commercial footprint following prior use for professional offices and a salon and aesthetics business.

The property occupies a tree-lined corner at 347 N Reservoir Street in Lancaster, PA, near McCaskey High School. Its walkable neighborhood setting and combination of residential and commercial components provide a practical layout for an owner-user, investor, or business seeking a storefront with an apartment above.

Key Highlights

  • Two‑unit mixed‑use property with residential and commercial components
  • Two‑bedroom apartment with a separate private entrance
  • Upper apartment is currently leased

Property Analytics

Current Use

Esthetics By Angie ... Hair Salon Angies Wax Villa Hair Salon

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service Pet Store Carpet & Flooring Store Cosmetic Store

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

1
Residential units

Location Intelligence

Trade Area within ½ mile

1,059
Businesses Nearby

Demographics for 17602, PA

52,665
Population
19,472
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
24.6 sq mi
ZIP Area
2,141
Density / Sq Mi
$71,752
Median Household Income
$38,469
Median Earnings
$1,272
Median Rent
$250,600
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Corner property combines a private-entry apartment with a vacant ground-floor commercial storefront.
Where is this mixed-use property located?
The property is located at 347 N RESERVOIR STREET Lancaster, PA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑unit mixed‑use property with residential and commercial components; Two‑bedroom apartment with a separate private entrance; Upper apartment is currently leased
More about this property
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