Storefront Property with Reception
For Sale
Contact for pricing
428 N DUKE STREET, Lancaster, PA 17602
Victorian-era commercial space featuring hardwood floors, architectural moldings, natural light, and a flexible multi-room layout.
Property Size1,500 SF
Price / SF$1.26
Days on Market99
Property Features for 428 N DUKE STREET
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Amenities
hardwood floors
architectural moldings
natural light
kitchenette
large front porch
shared yard
Building Details
Year Built
1880
Construction
Victorian
Listing Agency:
Alan H. Cherkin Real Estate
Listed By:
Alan H Cherkin · License #RM051905A
(717) 392-5200
Source:
Cummingsrealtors
Added: Jul 29
Changed: Nov 3
Last Checked: Nov 3 at 6:29AM
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 Alan H. Cherkin Real Estate
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Investment Insights
Based on property information with market context.
This 1,500-square-foot storefront property occupies a Victorian-era building constructed in 1880. The interior includes a large reception room, three additional spaces, hardwood flooring, architectural moldings, and abundant natural light. Two half bathrooms and a kitchenette support day-to-day operations, while the front porch adds usable exterior character. The space was previously operated as a beauty salon.
The property is positioned near LGH with reported traffic and visibility along N Duke Street in Lancaster. Shared use of the yard provides an additional outdoor feature. The existing configuration offers a reception area, multiple private or open rooms, restroom facilities, and kitchenette space within a distinctive commercial setting.
The property is positioned near LGH with reported traffic and visibility along N Duke Street in Lancaster. Shared use of the yard provides an additional outdoor feature. The existing configuration offers a reception area, multiple private or open rooms, restroom facilities, and kitchenette space within a distinctive commercial setting.
Key Highlights
- 1,500 SF storefront property in a Victorian‑era building constructed in 1880
- Large reception room plus three additional interior spaces
- Hardwood floors, architectural moldings, and substantial natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,653
Suggested Prices Based on Cap Rates
Cap Rate 5%
$353,060
$353.1K
Cap Rate 7%
$252,186
$252.2K
Cap Rate 9%
$196,144
$196.1K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$1.8K −$1.19/SF
EGI
$25.2K $16.81/SF
− OpEx
−$7.6K −$5.04/SF
NOI
$17.7K $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%
$353,060
Cap Rate 7%
$252,186
Cap Rate 9%
$196,144
Alternative Uses
Best Use
Retail
$252.2K
$220.7K – $294.2K
NOI $17,653 @ 7.0% cap · market cap 931.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$502.7K
$439.8K – $586.4K
NOI $35,186 @ 7.0% cap · market cap 1,856.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,047
Businesses Nearby
81k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 51%
Shops & Services 32%
Groceries 9%
Dining 4%
Lancaster Marriott
Hotels & Casinos
40,779 visits/mo
0.5 miles
Sunoco
Shops & Services
8,706 visits/mo
0.4 miles
Turkey Hill Minit Market
Shops & Services
7,599 visits/mo
0.4 miles
Bravo Supermarkets
Groceries
6,864 visits/mo
0.5 miles
PNC Bank
Shops & Services
2,904 visits/mo
0.4 miles
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
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Pragma Flowers & Gifts — 247 Lancaster Ave, Lancaster, PA 17603
- Inspirational blossoms — 2 W Grant St, Lancaster, PA 17603
- Mia's Flower Shop and Gifts — 151 E King St, Lancaster, PA 17602
- BestRoseBoxes — 14 S Duke St Suite 1B, Lancaster, PA 17602
- Central Market Flowers At Market — 23 N Market St, Lancaster, PA 17603
Frequently Asked Questions
What type of property is this?
Storefront property - Victorian-era commercial space featuring hardwood floors, architectural moldings, natural light, and a flexible multi-room layout.
Where is this storefront property located?
The property is located at 428 N DUKE STREET Lancaster, PA.
What are key features of this property?
This property features: 1,500 SF storefront property in a Victorian‑era building constructed in 1880; Large reception room plus three additional interior spaces; Hardwood floors, architectural moldings, and substantial natural light
