Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Lancaster, PA 17603
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Lancaster, PA 17603

    View on Map
    • Investment properties
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details

    Year built
    2019
    Property type
    Investment properties

    Description

    This listing presents a unique opportunity to acquire a Pennsylvania Liquor Control Board (PLCB) license, License No. R9338, with LID 104800. This transferable license allows for relocation to any Pennsylvania township that grants approval, both from the PLCB and the relevant township authorities. This is an exceptional asset for entrepreneurs seeking to establish or expand a restaurant or convenience store operation that requires a liquor license. The license is currently available for purchase at $325,000. It's important to note that securing a suitable location is a prerequisite to the license transfer application process. This means that prospective buyers must have a confirmed location before submitting their application for transfer. This license offers a significant advantage, eliminating the often lengthy and complex process of obtaining a new liquor license. The transferability of this license provides flexibility and reduces the time and resources typically associated with acquiring such a permit. This is a valuable asset for those looking to enter the food and beverage industry or enhance an existing business. Serious inquiries only. The license is sold as-is. All necessary approvals and transfers are the responsibility of the buyer. This is a straightforward sale of a valuable business asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    LANCASTER
    State
    Pennsylvania
    Longitude
    -76.3143
    Latitude
    40.0411

    Comparable in this City

    • Value Estimation by Request
      1,990 SF

      30 Water St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,990 SF
      30 Water St, Lancaster, PA 17603-3735
      View Details
    • Value Estimation by Request
      9,000 SF

      670 High St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,000 SF
      670 High St, Lancaster, PA 17603
      View Details
    • Value Estimation
      $1,565,000
      9,724 SF

      202 James St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,724 SF
      202 James St, Lancaster, PA 17603-2910
      View Details
    • Value Estimation by Request
      1,567 SF

      710 Columbia Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,567 SF
      710 Columbia Ave, Lancaster, PA 17603-3635
      View Details
    • Value Estimation
      $4,290,000
      16,955 SF

      1208 Harrisburg Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 16,955 SF
      1208 Harrisburg Ave, Lancaster, PA 17603-2516
      View Details
    • Value Estimation by Request
      762 SF

      759 Mnr St

      OFFICE/RESIDENTIAL (MIXED USE) • 762 SF
      759 Mnr St, Lancaster, PA 17603-5128
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      77,294 SF

      Downtown Lancaster Landmark Building

      Iconic 3-story building in the heart of Lancaster City.
      100 N Queen St, Lancaster, PA 17603
      View Details
    • $674,000
      Pending

      Fully Leased Multifamily Property

      Eleven-unit property with apartments and boarding rooms in downtown Lancaster.
      464 Manor St, Lancaster, PA 17603
      View Details
    • $399,900
      2,152 SF

      Updated Lancaster City Income Property

      Turn-key, renovated 2-unit property with income potential in Lancaster City.
      751 High St, Lancaster, PA 17603
      View Details
    • $3,525,000
      24,000 SF

      Lancaster Warehouse Property for Sale

      24,000 sqft warehouse property available in Lancaster, Pennsylvania.
      209 Hazel St, Lancaster, PA 17603
      View Details
    • $151,000
      1,000 SF

      Lancaster Office Space For Sale

      Second-floor office space with private offices and conference room.
      2938-1 Columbia Ave, Lancaster, PA 17603
      View Details
    • $140,000

      Lancaster City Grocery/Lottery Business

      Grocery and lottery business opportunity in Lancaster, Pennsylvania.
      14 S Prince St, Lancaster, PA 17603
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail Space in Lancaster

      Street-level commercial suite in a high-visibility, walkable location.
      110 W King St, Lancaster, PA 17603
      View Details
    • Contact for pricing

      Professional Office Building Suites Available

      Office suites available for lease in Lancaster City.
      941 Wheatland Ave, Lancaster, PA 17603
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Flexible office spaces with various options and amenities.
      50 3Rd St, Lancaster, PA 17603
      View Details
    • Contact for pricing

      Office Space For Lease

      3,000 SF office space with quick access to Route 30.
      2969 Old Tree Dr, Lancaster, PA 17603
      View Details
    • $3,500 /Mo

      Office Space Near Route 30

      3,000 SF office space with easy access to Route 30.
      2969 Old Tree Dr, Lancaster, PA 17603
      View Details
    • Contact for pricing
      2,600 SF

      Lancaster Retail Space For Rent

      Retail space available in Wheatland Shopping Center, Lancaster, PA.
      1801-1835 Columbia Ave, Lancaster, PA 17603
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Lancaster, PA 17603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!