Lancaster, PA 17602,402 N DUKE ST
Lancaster, PA 17602,402 N DUKE ST
Lancaster, PA 17602,402 N DUKE ST
Lancaster, PA 17602,402 N DUKE ST
Lancaster, PA 17602,402 N DUKE ST
Lancaster, PA 17602,402 N DUKE ST
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Listed by Tracy L Horst • PPM Real Estate, Inc.
Bought with Corinn E. Kirchner • PPM Real Estate, Inc.

$390,000

$565,000

31.0%
Est.Price: ?

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Est. payment /mo

5,439 SqFt


SOLD DATE : 04/05/2021

Key Details

Sold Price $390,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 5,439 sqft

Price per Sqft $71

MLS Listing ID PALA174942

Sold Date 04/05/21

HOA Y/N N

Year Built 1870

Annual Tax Amount $11,662

Tax Year 2021

Lot Size 4,356 Sqft

Acres 0.1

Lot Dimensions 0.00 x 0.00

Property Sub-Type Retail

Source BRIGHT

Property Description

For comp purposes the original list price included the business; Final sale was for real estate only. Sale includes real estate and turnkey business. (Business is operating, please do not talk to employees about the sale.) A longtime Lancaster City staple with a strong customer base, "Smiley's Deli" and food market is located at the signaled intersection of Duke & Lemon Streets, just one block from Lancaster General; very walkable to commercial & residential areas. Property offers 8 parking spaces, the first floor commercial space which is about 1,600sf of usable space (footprint of building is over 2,400sf), 2 large apartments above - both are 2 stories (north and south units, each with laundry, sunrooms, and separately metered electric and heat.) a full basement with dumbwaiter to first floor, a loading zone on Lemon Street, cozy side courtyard for outdoor tenant area and space within the property line for tables/outdoor seating along Duke Street. Business: All goodwill, the name, website, fixtures, and equipment are included in the sale. Employees would like to stay on under new ownership. Apartment 1 is occupied by seller; Seller would like to lease back for a few months after the sale and will pay a reasonable rent for such. Apartment 2 is occupied by the store manager on a M2M/no paper lease, at a reduced rent of $600/month. SEE BROCHURE UNDER DOCUMENTS FOR ADDITIONAL DETAILS ON THE BUILDING, ZONING AND EXPENSES. Agents see Agent Remarks.

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning R4; HIGH DENSITY

Interior

Hot Water Natural Gas

Heating Central, Baseboard - Electric, Wall Unit

Cooling Central A/C, Window Unit(s)

Heat Source Natural Gas, Electric

Exterior

Garage Spaces 8.0

Water Access N

View City

Accessibility 2+ Access Exits, Other

Total Parking Spaces 8

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District School District Of Lancaster

Others

Tax ID 336-98308-0-0000

Ownership Fee Simple

SqFt Source Assessor

Security Features Security System,Main Entrance Lock

Acceptable Financing Cash, Other

Listing Terms Cash, Other

Financing Cash,Other

Special Listing Condition Standard

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Bright MLS (BMLS)
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+1(202) 285-3657

andrez.664@gmail.com

4650 East West Highway, Bethesda, Maryland, 20814, USA

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