Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

701 N Queen St Lancaster, PA 17603

FOR LEASE
Turn key restaurants
Property ID
US73-0208458
4,418 SF 0.07 ac lot Built 1935
Last sale Sep 2025 · $375,000
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon
701 N Queen St, Lancaster, PA 17603 For Lease
$400,000
701 N Queen St, Lancaster, PA 17603
View Listing

Property summary

AI-generated overview

The property is a former pizza restaurant space located at 701 N Queen St in Lancaster, Pennsylvania, occupying a corner position on the intersection of N Queen Street and New Street, approximately one block from the baseball stadium. The interior layout and prior operating history are configured to support food-service uses such as a pizza shop, restaurant, café, deli, sandwich shop, ice cream parlor, or similar concepts. The space provides visibility from both streets within a downtown area that includes nearby businesses and a mix of residential and entertainment venues.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$10k
Tax billed · 2024
Assessed value$245k
Assessed land$40k
Assessed improvement$205k
Effective rate3.96%

Value estimate

· Oct 2026
$400k
$360k – $440k
AI approach$400k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$204/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$129 – $360
Qualifying comparables9

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R4
The R4 District is characterized by the past conversion of many single family dwellings to two family and multifamily dwellings and to sm...
General categoryCIVIC_INSTITUTIONAL
JurisdictionLANCASTER

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner11.1
Locksmith10.5
Storage Facility8.9

Location

701 N Queen St Lancaster, PA 17603
County assessor Recorded deeds · 5 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
602 Queen, Lancaster, PA 17603-3064 $1,350,000 Feb 2026 7,300 SF
101 Queen, Lancaster, PA 17603-5366 $500,000 Apr 2025 4,830 SF
128 Strawberry, Lancaster, PA 17603-3913 $350,000 Mar 2025 6,477 SF
463 Prince, Lancaster, PA 17603-5601 $268,000 Aug 2024 3,160 SF
773 Mnr, Lancaster, PA 17603 $675,000 Aug 2024 3,054 SF
701 Columbia, Lancaster, PA 17603-3634 $1,600,000 Jul 2024 6,729 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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
Why this one?
Saved
Reason not saved — we won't ask again