Retail Storefront with Residential
504 Baltimore St Gettysburg, PA 17325
New
504 Baltimore St, Gettysburg, PA, 17325
$429,900
For Sale
$429,900
Landmark downtown building with a street-level storefront and two apartments, plus full basement and five paved parking spaces.
Property Size3,122 SF
Price / SF$137.70
Days on Market3
Property Features for 504 Baltimore St
General Information
- Standard status
- Active
- Size
- 3,122 SF
Building Details
- Year Built
- 1888
Listing agency
RE/MAX of Gettysburg
(717) 752-5697
Listed by
Alycia N Hays · License #RS293391
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 7:02PM Checked: Jul 22 at 7:02PM
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 RE/MAX of Gettysburg
Investment Insights
Based on property information with market context.
This landmark building offers a street-level retail storefront and a second-story residential component. The storefront includes a glass display case, check-out counter, full bath, natural gas service, central air, Victorian bump-out display windows, and updated flooring. The second story contains two apartments: Unit #2 features two bedrooms, a full bath, living room, dining area, and a kitchen with appliances (on a month-to-month lease), while Unit #3 is a one-bedroom efficiency with a full bath and kitchen appliances and is currently available.
The building also includes a rear storage room, a full basement, and separately metered electric. Exterior improvements noted include brand-new (2021) 35-year architectural shingles and vinyl siding. Outside, the property has a rear yard and a private paved parking lot with five spaces, with a driveway entrance featuring its own red light for easy ingress/egress.
The building also includes a rear storage room, a full basement, and separately metered electric. Exterior improvements noted include brand-new (2021) 35-year architectural shingles and vinyl siding. Outside, the property has a rear yard and a private paved parking lot with five spaces, with a driveway entrance featuring its own red light for easy ingress/egress.
Key Highlights
- Landmark building built in 1888 in Historic Downtown Gettysburg Tourist District
- 1,450 SF street‑level storefront with glass display case, check‑out counter, full bath, natural gas, and central air
- Two second‑story apartments: Unit #2 (2BR/1BA) and Unit #3 (1BR efficiency with full bath and kitchen appliances)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.8k | $15.00 |
| − Vacancy | −$2.1k | −$0.68 |
| EGI | $44.7k | $14.33 |
| − OpEx | −$13.4k | −$4.30 |
| NOI | $31.3k | $10.03 |
3,122 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$447.2K
$391.3K – $521.8K
NOI $31,306 @ 7.0% cap · market cap 7.28%
Second Best
Multifamily LT 5
$205.7K
$180.0K – $240.0K
NOI $14,401 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$575.0K
$503.1K – $670.8K
NOI $40,250 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
LeeBell's Mercantile
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Landmark downtown building with a street-level storefront and two apartments, plus full basement and five paved parking spaces.
Where is this storefront property located?
The property is located at 504 Baltimore St Gettysburg, PA.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Landmark building built in 1888 in Historic Downtown Gettysburg Tourist District; 1,450 SF street‑level storefront with glass display case, check‑out counter, full bath, natural gas, and central air; Two second‑story apartments: Unit #2 (2BR/1BA) and Unit #3 (1BR efficiency with full bath and kitchen appliances)
