701 N Duke St - Office/Residential FOR SALE


Lancaster, PA 17602- Ross
$775,000 USD
717-587-8283
701 N Duke St, Lancaster, PA for Sale
$775,000 USD
Office/Residential - FOR SALE
1/4
null | Request Cap Rate

701 N Duke St
Lancaster, PA 17602
Ross


HIGHLIGHTS

  • Exceptional mixed-use opportunity
  • well-maintained asset

OVERVIEW

Exceptional mixed-use opportunity in the heart of Lancaster City. This well-maintained 4792 sq ft corner property offers unmatched flexibility, visibility, and income potential. Ideal for an owner-occupant, investor, or business seeking a high-profile location, the property includes a beautifully updated first-floor unit with many options for use, plus 2 additional apartments. The center of the property is a beautifully renovated, Handicap accessible primary residence encompassing approx 1600 sq ft on Main level. Currently rented for $3000.00 a month including utilities. Thoughtfully designed for comfort and entertaining, the residence features stunning new Kitchen, newly renovated Full Bath, 2 Powder Rooms, a private spa retreat with soaking tub, and an expansive "L" shaped Living area with Electric Fireplace offering distinct spaces for relaxation and conversation. Custom built-in bookcases line the private study while 2 spacious bedrooms, Laundry facilities, central air, and a fenced private patio create a truly turnkey lifestyle. Additional amenities include: Game Room, Full Basement with private access for storage or future expansion, multiple fireplaces, and the option to purchase fully furnished. *Direct access to 8 on-site parking spaces (rare for Lancaster City) *All appliances included. Residential Units *Unit 1-Two-Bedroom, one-bathroom apartment *Spacious layout with a working wood-burning fireplace *In-unit laundry and all appliances included. *Strong rental potential *Currently rented for $1100.00 a month. *Unit 2-One-Bedroom, one bathroom apartment *Bright and open with a second-story private balcony * In-unit laundry, and all appliances included. *Ideal for both long-term and short-term rentals. *Currently rented for 1050.00 a month. Additional highlights include: *Total building size 4792 * Corner lot with high visibility and strong traffic exposure * All Appliances Included in each unit, making for easy, move-in ready living. * Washer/Dryer included in each unit. * Updated mechanicals and modern finishes throughout *Ample parking and outdoor space *Minutes from downtown Lancaster, LGH, and major commuter routes This is a rare chance to own a turnkey, income-producing property with exceptional versatility and premium upgrades. Whether you’re looking to live in one unit and rent out the others, or seeking a solid addition to your investment portfolio, this property offers an incredible value with steady income potential and a prime location.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$98 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R4

APN/PARCEL ID

336-90495-0-0000

ASK ABOUT THIS PROPERTY

Phyllis RothweilerHoward Hanna Real Estate ServicesMore Info
717-587-8283

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Phyllis RothweilerHoward Hanna Real Estate ServicesMore Info
717-587-8283

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.