Single-Story Commercial
For Sale
Contact for pricing
9 Eisenhower Blvd, Lancaster, PA 17603
Single-story commercial building in CBC zoning, well-suited for a church congregation or a small standalone office user.
Property Size1,976 SF
Lot Size0.30 Acres
Price / SF$250.51
Days on Market61
Property Features for 9 Eisenhower Blvd
General Information
Standard status
Active
Size
1,976 SF
Class
B
Lot size
0.30 Acres
Property subtype
Retail, Special Purpose
Zoning
CBC - Community Business Center Zone
Investment Type
Owner/User
Building Details
Year Built
1967
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Bennett Williams Commercial
(717) 843-5555
Listed By:
Joshua Miller, CCIM · License #PA RS365967
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 9 at 8:59AM
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 Commercial
Investment Insights
Based on property information with market context.
This single-story commercial building offers 1,976 square feet on approximately 0.30 acres. Built in 1967, the property is configured as a standalone facility and is available for owner-occupant purchase. CBC zoning supports a wide variety of commercial uses, making the building a flexible option for organizations and businesses looking for an established location.
The property is located in East Hempfield Township along the established commercial corridor of Columbia Avenue, with good accessibility for customers and congregants. The listing also notes two adjacent parcels that can be purchased individually or together, including a Wilson Avenue parking lot and a separate Columbia Ave commercial building.
For a tenant seeking a dedicated, self-contained space, the combination of CBC zoning and an owner-occupant sales structure can simplify planning and decision-making. It may also appeal to a church congregation looking to operate from a long-established building in an accessible corridor, or a small office user that prefers a standalone property rather than a shared multi-tenant setup.
The property is located in East Hempfield Township along the established commercial corridor of Columbia Avenue, with good accessibility for customers and congregants. The listing also notes two adjacent parcels that can be purchased individually or together, including a Wilson Avenue parking lot and a separate Columbia Ave commercial building.
For a tenant seeking a dedicated, self-contained space, the combination of CBC zoning and an owner-occupant sales structure can simplify planning and decision-making. It may also appeal to a church congregation looking to operate from a long-established building in an accessible corridor, or a small office user that prefers a standalone property rather than a shared multi-tenant setup.
Key Highlights
- 1,976 SF single‑story commercial building built in 1967
- +/- 0.30‑acre lot in East Hempfield Township, zoned CBC
- CBC zoning supports a wide variety of commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,714
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$654,280
$654.3K
Cap Rate 7%
$467,343
$467.3K
Cap Rate 9%
$363,489
$363.5K
Market Conditions
NOI Build-Up for 1,976 SF
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.
Gross rent
$50.7K $25.68/SF
− Vacancy
−$7.1K −$3.61/SF
EGI
$43.6K $22.07/SF
− OpEx
−$10.9K −$5.52/SF
NOI
$32.7K $16.56/SF
Area
Lancaster County, PA
Vacancy
14.04%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$654,280
Cap Rate 7%
$467,343
Cap Rate 9%
$363,489
Alternative Uses
Best Use
Office B
$467.3K
$408.9K – $545.2K
NOI $32,714 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$662.2K
$579.4K – $772.5K
NOI $46,352 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
990
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - Single-story commercial building in CBC zoning, well-suited for a church congregation or a small standalone office user.
Where is this church & religious facility located?
The property is located at 9 Eisenhower Blvd Lancaster, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 1,976 SF single‑story commercial building built in 1967; +/- 0.30‑acre lot in East Hempfield Township, zoned CBC; CBC zoning supports a wide variety of commercial uses
