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701 N Duke St
Lancaster, PA 17602
Office Property For Sale


Investment Highlights
- Exceptional mixed-use opportunity
- well-maintained asset
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
7,899 SF
Building Class
C
Year Built
1890
Price
$775,000
Price Per SF
$98.11
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,633 SF
Slab To Slab
10’
Building FAR
1.65
Lot Size
0.11 AC
Zoning
R4
Parking
6 Spaces (0.76 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 336-90495-0-0000 | Improvements Assessment | $281,200 |
| Land Assessment | $47,100 | Total Assessment | $328,300 |
Property Taxes
Parcel Number
336-90495-0-0000
Land Assessment
$47,100
Improvements Assessment
$281,200
Total Assessment
$328,300
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