Office or Retail Building with Rear
743 S Broad Street Lititz, PA 17543
743 S Broad Street, Lititz, PA, 17543
$2,400,000
For Sale
$2,400,000
Multi-use office building on nearly an acre with rear egress to a Route 501 signal for convenient access and operations.
Property Size9,200 SF
Lot Size0.96 Acres
Price / SF$260.87
Days on Market647
Property Features for 743 S Broad Street
General Information
- Standard status
- Active
- Size
- 9,200 SF
- Lot size
- 0.96 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing Agency
Bennett Williams Realty,Inc.
Listed by
Jeffrey Christian Herr
Source
Deepcreeklake
Added: Oct 13, 2024 Updated: Jul 10 at 1:48 pm Checked: Jul 19 at 7:13 am
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 Bennett Williams Realty,Inc.
Investment Insights
Based on property information with market context.
This offering is a 9,200-square-foot commercial building situated on approximately 0.96 acres, suitable for either office or retail use. The property includes all public utilities and features rear egress that connects to a traffic signal on Route 501, supporting practical inbound and outbound access for customers or tenants.
The building is located on South Broad Street/Route 501 in Lititz, Pennsylvania, where the listing reports approximately 23,000 VPD. The site is immediately adjacent to a Wells Fargo Bank, and the surrounding retail area includes nationally recognized and local brands such as Weis Markets, AutoZone, Domino’s Pizza, Dunkin Donuts, Burger King, and Taco Bell.
For tenants or buyers seeking a flexible, street-oriented location, this property can serve as an office base or as a retail option in a developed retail corridor. The rear egress and signal connection provide an operational benefit for businesses that need dependable vehicular access beyond the primary frontage.
The building is located on South Broad Street/Route 501 in Lititz, Pennsylvania, where the listing reports approximately 23,000 VPD. The site is immediately adjacent to a Wells Fargo Bank, and the surrounding retail area includes nationally recognized and local brands such as Weis Markets, AutoZone, Domino’s Pizza, Dunkin Donuts, Burger King, and Taco Bell.
For tenants or buyers seeking a flexible, street-oriented location, this property can serve as an office base or as a retail option in a developed retail corridor. The rear egress and signal connection provide an operational benefit for businesses that need dependable vehicular access beyond the primary frontage.
Key Highlights
- 9,200 SF office building on 0.96 acres in Lititz, PA
- Located on S Broad St/Route 501 with 23,000 VPD traffic count
- Immediately adjacent to a Wells Fargo Bank
Local Financial Insights For Office B
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 | $236.3k | $25.68 |
| − Vacancy | −$33.2k | −$3.61 |
| EGI | $203.1k | $22.07 |
| − OpEx | −$50.8k | −$5.52 |
| NOI | $152.3k | $16.56 |
9,200 SF · lease $25.68/SF/yr · vacancy 14.04% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.18M
$1.90M – $2.54M
NOI $152,314 @ 7.0% cap · market cap 6.35%
Second Best
Retail
$1.55M
$1.35M – $1.80M
NOI $108,269 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,808 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Multi-use office building on nearly an acre with rear egress to a Route 501 signal for convenient access and operations.
Where is this office building located?
The property is located at 743 S Broad Street Lititz, PA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 9,200 SF office building on 0.96 acres in Lititz, PA; Located on S Broad St/Route 501 with 23,000 VPD traffic count; Immediately adjacent to a Wells Fargo Bank
