Mixed-Use Building with
New
For Sale
$429,900
504 Baltimore Street, Gettysburg, PA 17325
Two upper-level apartments complement a ground-floor retail space in Gettysburg’s Tourist Commercial District.
Property Size2,968 SF
Days on Market5
Property Features for 504 Baltimore Street
General Information
Standard status
Active
Size
2,968 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Zoning
COMMERCIAL
Site & Location
Road Access
Yes
Utilities to Site
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
1 x 2BR, 1 x 1BR efficiency
Multifamily Units
2
Individually Metered Utilities
electricity
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,908
Amenities
glass display case
check-out counter
full bath
natural gas
central air
victorian bump-out display windows
updated flooring
rear storage room
full basement
separately metered electric
Unfinished
Wood,Vinyl,Laminated,Carpet
Natural Gas,Electric
Yes
No
2
Double Hung
Estimated
2nd Kitchen,Attic,Additional Stairway,Bathroom - Stall Shower,Bathroom - Tub Shower,Carpet,Floor Plan - Traditional
No Pool
2 Ranges,2 refrigerators
Level
Public
303
0.24
Assessor
Parking Lot
Paved Parking
Black Top
Sidewalks
Stone
59700.00
State
5
Building Details
Building Size
2,968 SF
Year Built
1900
Year Renovated
2021
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX of Gettysburg
(717) 338-0881
Listed By:
Alycia N Hays · License #RS293391
(717) 752-5697
Source:
Jmdiamondrealty
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 28 at 11:14AM
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
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Investment Insights
Based on property information with market context.
This 3,122-square-foot mixed-use building, constructed in 1888, combines a 1,450-square-foot storefront with two apartments on the upper floor. The retail space has a glass display case, checkout counter, full bathroom, natural gas service, central air, and updated flooring. One apartment has two bedrooms, a living room, dining area, kitchen, and full bathroom; the other is a one-bedroom efficiency with a full bathroom and kitchen appliances. A rear storage room and full basement provide additional space, and the electric is separately metered.
The property is at 504 Baltimore Street in the Historic Downtown Gettysburg Tourist District and is zoned Tourist Commercial District. Site features include a rear yard and a private paved parking area with five spaces. The storefront is leased on a two-year lease, the two-bedroom apartment has a month-to-month lease, and the efficiency is available. Exterior updates include 2021 architectural shingles and vinyl siding.
The property is at 504 Baltimore Street in the Historic Downtown Gettysburg Tourist District and is zoned Tourist Commercial District. Site features include a rear yard and a private paved parking area with five spaces. The storefront is leased on a two-year lease, the two-bedroom apartment has a month-to-month lease, and the efficiency is available. Exterior updates include 2021 architectural shingles and vinyl siding.
Key Highlights
- 3,122‑square‑foot mixed‑use building with a 1,450‑square‑foot storefront
- Two upper‑level apartments: one two‑bedroom unit and one one‑bedroom efficiency
- Private paved parking area with 5 spaces and a rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,719
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,380
$614.4K
Cap Rate 7%
$438,843
$438.8K
Cap Rate 9%
$341,322
$341.3K
Market Conditions
NOI Build-Up for 2,968 SF
Gross rent
$53.4K $18.00/SF
− Vacancy
−$4.3K −$1.44/SF
EGI
$49.2K $16.56/SF
− OpEx
−$18.4K −$6.21/SF
NOI
$30.7K $10.35/SF
Area
Adams County, PA
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,380
Cap Rate 7%
$438,843
Cap Rate 9%
$341,322
Alternative Uses
Best Use
Mixed Use
$438.8K
$384.0K – $512.0K
NOI $30,719 @ 7.0% cap · market cap 7.15%
Second Best
Retail
$425.2K
$372.0K – $496.0K
NOI $29,762 @ 7.0% cap · market cap 6.92%
Theoretical Best
Specialty Retail
$546.6K
$478.3K – $637.8K
NOI $38,265 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,689
Businesses Nearby
Explore this area
Business Placement
Demographics for 17325, PA
27,879
Population
12,021
Households
2.3
Avg Household Size
45
Median Age
34%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
221
Density / Sq Mi
$79,351
Median Household Income
$32,633
Median Earnings
$956
Median Rent
$278,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two upper-level apartments complement a ground-floor retail space in Gettysburg’s Tourist Commercial District.
Where is this mixed-use property located?
The property is located at 504 Baltimore Street 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: 3,122‑square‑foot mixed‑use building with a 1,450‑square‑foot storefront; Two upper‑level apartments: one two‑bedroom unit and one one‑bedroom efficiency; Private paved parking area with 5 spaces and a rear yard
