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12 W ORANGE & 50-54 N Queen Street

LANCASTER, PA 17603
  • $3,950,000
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: PALA2025294
UPDATED: 14 min ago
$3,950,000
  • 0
    BEDS
  • 0.43
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1875
County:

School Ratings & Info

School District:

Description

Assemblage of three (3) contiguous, mixed-use buildings with total gross building area of approximately 35,000 square feet, creating an "L" shape with 45 feet of frontage on N. Queen St and 50 feet on W. Orange St. Excellent location at corner lighted intersection. Highly walkable. Property served by natural gas, electric, public sewer and public water. Located in CB1 Zoning District in Lancaster City, the commercial and cultural core of the Central Business District. Fully leased first floor retail space. Nine third-party lease agreements offer good cash flow. High demand among passive investors or properties of this type if renovated and stabilized as characterized by historically low overall capitalization rates.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-27T06:53:35.763.
www.yorkhomes.net/homes/133228064
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12 W ORANGE & 50-54 N Queen Street LANCASTER, PA 17603

  • Price: $3,950,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 14 min ago
  • ID#: PALA2025294
0
Beds
0
Baths
0
½ Baths
0.43
Acres
1875
Built
Neighborhood:
Lancaster City (10533)
County:
Lancaster
Area:
Lancaster City (10533)
School District:
School District Of Lancaster
Property Description
Assemblage of three (3) contiguous, mixed-use buildings with total gross building area of approximately 35,000 square feet, creating an "L" shape with 45 feet of frontage on N. Queen St and 50 feet on W. Orange St. Excellent location at corner lighted intersection. Highly walkable. Property served by natural gas, electric, public sewer and public water. Located in CB1 Zoning District in Lancaster City, the commercial and cultural core of the Central Business District. Fully leased first floor retail space. Nine third-party lease agreements offer good cash flow. High demand among passive investors or properties of this type if renovated and stabilized as characterized by historically low overall capitalization rates.
Exterior Features

Construction Materials Brick Garage YN No Parking Types None Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 35109.00 Cooling OtherCentral A/C Heating Heat Pump(S) Heating YN Yes Net Square Feet 35109.00

Property Features

Accessibility Features Other Assessment Year 2022 Business Type Apartment BuildingHair Salon And SpaOther/General RetailReligious FacilityRestaurant/Bar Central Air YN Yes Cooling Fuel OtherElectric Heating Fuel Electric Hot Water Electric Municipality Lancaster City Navigable Water YN N New Construction YN No Original MLSNumber 801893323368 Ownership Interest Fee Simple Possession SettlementSubject To Existing Lease Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 42095.00 Tax Assessment Amount 1108800.00 Vacation Rental YN No Water Source Public Zoning Central Business Core

Listing courtesy of Compass Real Estate, Llc: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-27T06:53:35.763.
 
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Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty
2525 Eastern Blvd.
York PA, 17402