Lancaster City Bakery and
9 N Duke St, Lancaster, PA 17602
For Sale
$1,150,000
Thriving bakery with real estate and apartment upside.
Property Size3,106 SF
Price / SF$370.25
Days on Market229
Property Features for 9 N Duke St
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Bennett Williams Realty, Inc.
Listed By:
Francesco Conigliaro · License PA RS366227
(717) 371-7260
Source:
Tbhteam
Added: Mar 27
Changed: Nov 10
Last Checked: Nov 8 at 7:31AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
For over 21 years, the bakery has been a fixture in Lancaster City, recognized for its pastries, sandwiches, cakes, and coffee. The sale presents an opportunity to acquire a business and the real estate it occupies. The sale includes the property, all equipment, proprietary recipes, the business name, and all associated entity rights. The property also features two one-bedroom apartments that offer potential. These spaces can be converted into expanded dining areas, private event space, or other creative uses. The property size is 3106 square feet.
Key Highlights
- Established bakery business (La Dolce Vita Courthouse Bakery) with a 21‑year history, loyal customer base, and strong local reputation.
- Sale includes both the thriving business and the real estate it occupies, providing long‑term stability and investment value.
- Sale encompasses all equipment, proprietary recipes, the business name, and associated entity rights for a seamless transition.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,657
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,140
$1.1M
Cap Rate 7%
$809,386
$809.4K
Cap Rate 9%
$629,522
$629.5K
Market Conditions
NOI Build-Up for 3,106 SF
Gross rent
$80.9K $26.04/SF
− Vacancy
−$5.3K −$1.72/SF
EGI
$75.5K $24.32/SF
− OpEx
−$18.9K −$6.08/SF
NOI
$56.7K $18.24/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,133,140
Cap Rate 7%
$809,386
Cap Rate 9%
$629,522
Alternative Uses
Best Use
Specialty Retail
$809.4K
$708.2K – $944.3K
NOI $56,657 @ 7.0% cap · market cap 4.93%
Second Best
Retail
$522.2K
$456.9K – $609.2K
NOI $36,553 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$1.04M
$910.7K – $1.21M
NOI $72,859 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,744
Businesses Nearby
120k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 34%
Shops & Services 29%
Groceries 19%
Dining 18%
Lancaster Marriott
Hotels & Casinos
40,779 visits/mo
0.2 miles
McDonald's
Dining
19,295 visits/mo
0.3 miles
C-Town Supermarkets
Groceries
9,025 visits/mo
0.4 miles
Sunoco
Shops & Services
8,706 visits/mo
0.3 miles
Turkey Hill Minit Market
Shops & Services
8,115 visits/mo
0.4 miles
Demographics for 17602, PA
52,665
Population
19,472
Households
2.7
Avg Household Size
37
Median Age
28%
College-Educated
83%
High-School Grad
24.6 sq mi
ZIP Area
2,141
Density / Sq Mi
$71,752
Median Household Income
$38,469
Median Earnings
$1,272
Median Rent
$250,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- DELICIAS GOURMET — 243 Green St, Lancaster, PA 17602
- Nostalgica Coffee — 308 W Grant St, Lancaster, PA 17603
- Lancaster County Coffee Roasters @ Central Market — 23 N Market St, Lancaster, PA 17603
- DELIGRASSI LLC — 23 N Market St, Lancaster, PA 17603
- Butter and Bean — 100 S Queen St, Lancaster, PA 17603
Frequently Asked Questions
What type of property is this?
Coffee shop - Thriving bakery with real estate and apartment upside.
Where is this coffee shop located?
The property is located at 9 N Duke St Lancaster, PA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Established bakery business (La Dolce Vita Courthouse Bakery) with a 21‑year history, loyal customer base, and strong local reputation.; Sale includes both the thriving business and the real estate it occupies, providing long‑term stability and investment value.; Sale encompasses all equipment, proprietary recipes, the business name, and associated entity rights for a seamless transition.
