Auto Service & Sales
For Sale
$419,000
542 S Prince St, Lancaster, PA 17603
Garage-based center with office, storage, and bathroom for automotive or small business use.
Property Size1,000 SF
Price / SF$419
Days on Market161
Property Features for 542 S Prince St
General Information
Standard status
Active
Size
1,000 SF
Building Details
Year Built
1935
Listing Agency:
Keller Williams Elite
Listed By:
Kusa Tolla
(717) 291-1228
Source:
Kandorre
Added: May 14
Changed: Oct 2
Last Checked: Oct 7 at 2:50PM
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 Keller Williams Elite
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Investment Insights
Based on property information with market context.
This auto service and sales center is designed around a spacious 24’ x 24’ garage, supported by a private office measuring 19’ x 11’. Additional interior space includes an 11’ x 6’ storage area, along with a bathroom and hallway. The flexible layout can support a range of automotive and other small business operations.
The property is located at 542 S Prince St in Lancaster, PA. It is offered for sale and is approximately 1,000 SF of usable space, making it a compact option for an owner-operator or an investor looking for a garage-oriented commercial asset.
Interior configuration is centered on the garage plus dedicated back-of-house components, with the office providing separated work space and the storage area supporting day-to-day operations.
The property is located at 542 S Prince St in Lancaster, PA. It is offered for sale and is approximately 1,000 SF of usable space, making it a compact option for an owner-operator or an investor looking for a garage-oriented commercial asset.
Interior configuration is centered on the garage plus dedicated back-of-house components, with the office providing separated work space and the storage area supporting day-to-day operations.
Key Highlights
- Approximately 1,000 SF commercial garage‑based center for automotive or small business use
- 24’ x 24’ garage space plus office area (19’ x 11’)
- Includes storage area (11’ x 6’) and a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,768
Cap Rate
2.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$235,360
$235.4K
Cap Rate 7%
$168,114
$168.1K
Cap Rate 9%
$130,756
$130.8K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$18.0K $18.00/SF
− Vacancy
−$1.2K −$1.19/SF
EGI
$16.8K $16.81/SF
− OpEx
−$5.0K −$5.04/SF
NOI
$11.8K $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%
$235,360
Cap Rate 7%
$168,114
Cap Rate 9%
$130,756
Alternative Uses
Best Use
Retail
$168.1K
$147.1K – $196.1K
NOI $11,768 @ 7.0% cap · market cap 2.81%
Second Best
Industrial
$79.6K
$69.6K – $92.8K
NOI $5,569 @ 7.0% cap · market cap 1.33%
Theoretical Best
Office A
$335.1K
$293.2K – $391.0K
NOI $23,457 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Groceries 46%
Turkey Hill Minit Market
Shops & Services
7,181 visits/mo
0.5 miles
Save-A-Lot
Groceries
6,114 visits/mo
0.5 miles
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- The Roadside Guy, LLC
- Carson's Southside Tire & Auto/Old Glory Motorcycle Co — 820 hershey ave, lancaster, pa 17603
- High Pressure Performance llc — 820 Hershey Ave, Lancaster, PA 17603
- Nieves & Luciano Auto — 853 S Prince St, Lancaster, PA 17603
- E&P Towing & Recovery — 701 s prince st, lancaster, pa 17603
Frequently Asked Questions
What type of property is this?
Auto shop - Garage-based center with office, storage, and bathroom for automotive or small business use.
Where is this auto shop located?
The property is located at 542 S Prince St Lancaster, PA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Approximately 1,000 SF commercial garage‑based center for automotive or small business use; 24’ x 24’ garage space plus office area (19’ x 11’); Includes storage area (11’ x 6’) and a bathroom
