Mixed-Use Property with
New
For Sale
$779,000
429 W LEMON STREET, Lancaster, PA 17603
MIXED USE zoning supports a range of uses within the property's designated classification.
Property Size5,244 SF
Price / SF$202.81
Days on Market3
Property Features for 429 W LEMON STREET
General Information
Standard status
Active
Size
5,244 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
MIXED USE
Taxes and HOA fees
Annual Taxes
$10,242
Amenities
Central Air, Ductless, Electric
Electric, Forced Air, Radiant, Baseboard, Heat Pump
Full, Unfinished
Electric Water Heater
On Street, Garage, Attached
Traditional
Building Details
Building Size
5,244 SF
Year Built
1910
Listed By:
Don Spica · License #AB068234
(717) 575-4603
Source:
Evrealestate
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 6 at 2:33AM
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 Don Spica
Investment Insights
Based on property information with market context.
Built in 1910, this 3,841-square-foot mixed-use property has an attached garage and a full, unfinished basement. Interior systems include central air conditioning, ductless cooling, and electric, forced-air, radiant, baseboard, and heat-pump heating, along with an electric water heater.
The property is zoned MIXED USE. On-street parking is also available.
The property is zoned MIXED USE. On-street parking is also available.
Key Highlights
- 3,841‑square‑foot mixed‑use property
- MIXED USE zoning
- Attached garage and on‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,705
Cap Rate
6.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,100
$954.1K
Cap Rate 7%
$681,500
$681.5K
Cap Rate 9%
$530,056
$530.1K
Market Conditions
NOI Build-Up for 3,841 SF
Gross rent
$83.0K $21.60/SF
− Vacancy
−$6.6K −$1.73/SF
EGI
$76.3K $19.87/SF
− OpEx
−$28.6K −$7.45/SF
NOI
$47.7K $12.42/SF
Area
Lancaster County, PA
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,100
Cap Rate 7%
$681,500
Cap Rate 9%
$530,056
Alternative Uses
Best Use
Mixed Use
$681.5K
$596.3K – $795.1K
NOI $47,705 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,100 @ 7.0% cap · market cap 11.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,615
Businesses Nearby
Explore this area
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - MIXED USE zoning supports a range of uses within the property's designated classification.
Where is this mixed-use property located?
The property is located at 429 W LEMON STREET Lancaster, PA.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: 3,841‑square‑foot mixed‑use property; MIXED USE zoning; Attached garage and on‑street parking
