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Spencer Speros
Date 08/22/2023

402-404 N DUKE ST
Lancaster, PA 17602

Retail, Business Opportunities
Acre Lot
Courtesy: PPM Real Estate, Inc.; Phone: 7173943374
Home> Pennsylvania> Lancaster> 17602
GORGEOUSLY RENOVATED! If you are an investor looking for a nicely finished, fully leased property where everything has been upgraded or replaced in 2022, look no further! This 3 Unit Mixed Use Investment Property is located near Penn Medicine/Lancaster General Hospital. The property is a combination of 402 and 404 North Duke Street. The first floors were combined for a corner store/commercial use - currently occupied by Smiley's Deli/Market (10 year lease expires 3/31/31, with annual rent increases). The upper levels offer 2 large, fully remodeled, luxury apartments. Each apartment is 2 floors (Apt 1 occupies the upper levels of 402 N Duke; Apt 2 occupies the upper levels of 404 N Duke). Apt 1 features an outdoor rooftop deck, 3 bedrooms, 2 full baths, 2 living rooms, sunroom, central air, high end finishes, brand new everything & 2 parking spaces. Apt 2 features 3 bedrooms, 1.5 baths, central air, spacious kitchen, office, sunroom, high end finishes, brand new everything & 2 parking spaces. Apt 1 Tenant is vacating and Landlord has this apartment listed for rent at $2,175. NOI reflects this income. | NOI: $64,180 ; 6.9% Cap Rate | See brochure under Documents for all details.
Retail, Business Opportunities, Other
0.1 Acres
Public Sewer
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: PPM Real Estate, Inc.; Phone: 7173943374
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
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