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225-231 Park Avenue

LANCASTER, PA 17602
  • $550,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: PALA2020116
UPDATED: 46 min ago
$550,000
  • 0
    BEDS
  • 0.09
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1962
County:

School Ratings & Info

School District:

Description

Unique Property with locally recognizable name, "Silder's Garage", located just around the corner from Lancaster General Hospital/Penn Medicine (1 minute walk). Sellers are the owners of the garage and will remain open for business until Property sells (no sign on property). Business Trade Name and existing auto-related equipment available for sale for $50,000, or seller will vacate if sale is for real estate only. | **225 Park Ave** features the garage on the first floor with 1 drive in door, small office area, 2 restrooms & plenty of large windows. 2nd floor, previously a bar/club, features restrooms, small commercial kitchen, office and is otherwise an open, clear span space with wood floors and large windows. This building has a basement, gas heat - hot water radiators . One gas meter for the building and 2 electric meters (one per floor). Roof was replaced in 2018. | **231 Park Ave** features a single story building which includes a 1,032sf two-bedroom residence with basement and 5 storage units with roll-up garage doors. This building has its own water meter, gas meter and electric meter. Current Tenant is M2M and pays $775/month plus electric, gas and water/sewer; Landlord pays trash, taxes and stormwater fee. 4 of the 5 storage units are rented M2M for $60 each; the 5th is occupied by Seller. Roof was just replaced in 2020. This parcel also includes the parking area which can fit 8-10 cars depending how they are parked. There is free, unmetered street parking along Park Avenue. | Zoned RO; Property is 2 parcels on 1 deed, totaling .22 acres. Total annual taxes for both parcels is $10,566.27 as of June 2022 | Disclosures: Oil tanks were removed from under the parking lot by Liberty Environmental - DEP clearance letter is available. There is a public drive that runs between the parcels but Buyer could request the City turn this strip of land over to the Buyer since there is another public access to the rear/adjacent parcel/land owner.

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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: 2022-07-05T19:52:54.697.
www.yorkhomes.net/homes/129876193
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225-231 Park Avenue LANCASTER, PA 17602

  • Price: $550,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 46 min ago
  • ID#: PALA2020116
0
Beds
0
Baths
0
½ Baths
0.09
Acres
1962
Built
Neighborhood:
Lancaster City (10533)
County:
Lancaster
Area:
Lancaster City (10533)
School District:
School District Of Lancaster
Property Description
Unique Property with locally recognizable name, "Silder's Garage", located just around the corner from Lancaster General Hospital/Penn Medicine (1 minute walk). Sellers are the owners of the garage and will remain open for business until Property sells (no sign on property). Business Trade Name and existing auto-related equipment available for sale for $50,000, or seller will vacate if sale is for real estate only. | **225 Park Ave** features the garage on the first floor with 1 drive in door, small office area, 2 restrooms & plenty of large windows. 2nd floor, previously a bar/club, features restrooms, small commercial kitchen, office and is otherwise an open, clear span space with wood floors and large windows. This building has a basement, gas heat - hot water radiators . One gas meter for the building and 2 electric meters (one per floor). Roof was replaced in 2018. | **231 Park Ave** features a single story building which includes a 1,032sf two-bedroom residence with basement and 5 storage units with roll-up garage doors. This building has its own water meter, gas meter and electric meter. Current Tenant is M2M and pays $775/month plus electric, gas and water/sewer; Landlord pays trash, taxes and stormwater fee. 4 of the 5 storage units are rented M2M for $60 each; the 5th is occupied by Seller. Roof was just replaced in 2020. This parcel also includes the parking area which can fit 8-10 cars depending how they are parked. There is free, unmetered street parking along Park Avenue. | Zoned RO; Property is 2 parcels on 1 deed, totaling .22 acres. Total annual taxes for both parcels is $10,566.27 as of June 2022 | Disclosures: Oil tanks were removed from under the parking lot by Liberty Environmental - DEP clearance letter is available. There is a public drive that runs between the parcels but Buyer could request the City turn this strip of land over to the Buyer since there is another public access to the rear/adjacent parcel/land owner.
Exterior Features

Construction Materials Masonry Garage YN No Parking Features Paved ParkingPrivateSurface Parking Types Parking LotOn Street Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling Window Unit(S) Heating Radiator Heating YN Yes Net Square Feet 8662.00

Property Features

Accessibility Features None Assessment Year 2022 Business Type Auto RelatedWarehouseOther Central Air YN No Cooling Fuel Electric Cross Street Queen Street Heating Fuel Natural Gas Hot Water Natural Gas Municipality Lancaster City Navigable Water YN N New Construction YN No Original MLSNumber 801649446002 Ownership Interest Fee Simple Possession SettlementSubject To Existing Lease Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 10566.27 Tax Assessment Amount 194300.00 Vacation Rental YN No Water Source Public Zoning Ro Zoning Description High Density Residential / Office / Institutional

Listing courtesy of Ppm Real Estate, Inc..


©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: 2022-07-05T19:52:54.697.
 
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