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Property profile

158 Walnut St Lancaster, PA 17602

OFF-MARKET
Retail properties & Spaces
Property ID
US73-0042966
Built 1900
Entity Owned 7-yr Hold
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Property summary

AI-generated overview

This exceptional 928-square-foot retail space at 158 E Walnut Street in Lancaster, Pennsylvania, presents a unique investment opportunity. Located on the corner of North Lime and East Walnut Streets, this single-tenant property boasts unparalleled visibility to approximately 10,000 vehicles daily, situated just two blocks from the bustling 300 Block of North Queen Street. Built in 1900 and extensively renovated in 2020, the building features a modern, open layout ideal for a variety of retail uses, including art galleries. The three-story building offers a clear span retail space on the ground floor, with two large storefront windows facing a signaled intersection, maximizing exposure. Interior finishes include high-quality luxury vinyl tile flooring, contemporary light fixtures, and 2-inch faux wood blinds. The property is zoned R4, High Density, with existing approval for retail and office use. The gross monthly lease rate of $1,600 includes all utilities, except for internet and liability insurance, which are the responsibility of the tenant. This property offers a blend of historic charm and modern amenities in a high-traffic location, making it an attractive proposition for discerning businesses. Lancaster County location and easy access to major thoroughfares ensure high foot and vehicle traffic.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1900
UPID US73-0042966

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

158 Walnut St Lancaster, PA 17602
Lancaster metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2019
3 recorded transactions
2019
$310,000
2017
$232,000
2016
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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