Office Suite with Open Floor
For Sale
Contact for pricing
425 N PRINCE STREET #001, Lancaster, PA 17603
A mostly open 3,252 SF office suite with original wood beams, exposed stone walls, and natural light.
Property Size3,252 SF
Price / SF$7.15
Days on Market97
Property Features for 425 N PRINCE STREET #001
General Information
Standard status
Active
Size
3,252 SF
Property subtype
Commercial
Building Details
Year Built
1910
Listing Agency:
PPM Real Estate, Inc.
Listed By:
Alexandra Ebert · License #RS340890
(717) 394-3374
Source:
Cummingsrealtors
Added: Jul 27
Changed: Oct 29
Last Checked: Oct 30 at 5:09PM
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, Inc.
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Investment Insights
Based on property information with market context.
Suite 001 at The Swisher Building is the only currently available commercial office suite. The +/− 3,252 SF layout is mostly open, with original wood beams, exposed stone walls, and natural light throughout. The suite also includes a private office, ample storage, an IT/server room, and an in-suite kitchenette. Suite 001 benefits from access to a shared courtyard next to the suite.
The Swisher Building is located right at the entrance to Lancaster City’s Downtown on North Prince Street, and the property is described as having unbeatable signage with visibility to 13,000+ vehicles per day. The building dates to 1910 and includes 4 on-site parking spaces for suite use, with additional spaces available for rent as needed.
For a tenant seeking a character-rich office environment with defined back-of-house support space and convenient parking, Suite 001 provides a functional mix of open work area, private office, IT/server room, and in-suite kitchenette within the historic building.
The Swisher Building is located right at the entrance to Lancaster City’s Downtown on North Prince Street, and the property is described as having unbeatable signage with visibility to 13,000+ vehicles per day. The building dates to 1910 and includes 4 on-site parking spaces for suite use, with additional spaces available for rent as needed.
For a tenant seeking a character-rich office environment with defined back-of-house support space and convenient parking, Suite 001 provides a functional mix of open work area, private office, IT/server room, and in-suite kitchenette within the historic building.
Key Highlights
- +/− 3,252 SF mostly open office suite
- Original wood beams, exposed stone walls, and natural light
- Private office plus IT/server room and in‑suite kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,840
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,800
$1.1M
Cap Rate 7%
$769,143
$769.1K
Cap Rate 9%
$598,222
$598.2K
Market Conditions
NOI Build-Up for 3,252 SF
Gross rent
$83.5K $25.68/SF
− Vacancy
−$11.7K −$3.61/SF
EGI
$71.8K $22.07/SF
− OpEx
−$17.9K −$5.52/SF
NOI
$53.8K $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%
$1,076,800
Cap Rate 7%
$769,143
Cap Rate 9%
$598,222
Alternative Uses
Best Use
Office B
$769.1K
$673.0K – $897.3K
NOI $53,840 @ 7.0% cap · market cap 231.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$953.5K – $1.27M
NOI $76,283 @ 7.0% cap · market cap 328.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,128
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?
Office unit - A mostly open 3,252 SF office suite with original wood beams, exposed stone walls, and natural light.
Where is this office unit located?
The property is located at 425 N PRINCE STREET #001 Lancaster, PA.
What are key features of this property?
This property features: +/− 3,252 SF mostly open office suite; Original wood beams, exposed stone walls, and natural light; Private office plus IT/server room and in‑suite kitchenette
