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Spencer Speros
SOLD
$870,000
Date 08/22/2023

402-404 N Duke Street
Lancaster, PA 17602

Retail
Commercial
5,439
Sq. Ft.
0.1
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.
PALA2032330
Retail, Other
LANCASTER
1870
0.1 Acres
Public Water
Brick
Public Sewer
True https://photos.prod.cirrussystem.net/1774/f21d55cb235fe4c7bdd3fa72bc70924e/1868147102.jpeg?format=webp PALA2032330
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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
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