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301 E Liberty Street

LANCASTER, PA 17602
  • $5,300,000
  • STATUS: Active
  • ON SITE: 54 Days
  • ID#: PALA2047158
$5,300,000
  • 0
    BEDS
  • 2.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1922
County:

School Ratings & Info

School District:

Description

Redevelopment site for sale consisting of 2.3 acres of land in Lancaster City withimproved buildings. The zoning was successfully changed to Mixed Use recently whichwill allow for a potential density of 148 apartment units.Current income from existing use is $300,000 NOI approximately, which provides great income during plans for redevelopment. The site consists of a 3 story building which is currently a mix of office and industrialuses on the east end of the parcel, and a collection of industrial buildings on the westend of the parcel.Architectural renderings show a 104 unit apartment building on the west end whichwould call for the removal of industrial buildings. There are also plans for the renovationof existing buildings on the east end to accommodate an additional 44 units. Theexisting parking plan provides 126 parking spaces on site. A parking variance would berequired to provide relief from the parking requirement of 1 space per unit.Contact listing agent for pro forma operating income and expenses.

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©2024 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: 2024-04-03T23:52:46.143.
www.yorkhomes.net/homes/147786558
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301 E Liberty Street LANCASTER, PA 17602

  • Price: $5,300,000
  • Status: Active
  • On Site: 54 Days
  • ID#: PALA2047158
0
Beds
0
Baths
0
½ Baths
2.3
Acres
1922
Built
Neighborhood:
Lancaster City (10533)
County:
Lancaster
Area:
Lancaster City (10533)
School District:
School District Of Lancaster
Property Description
Redevelopment site for sale consisting of 2.3 acres of land in Lancaster City withimproved buildings. The zoning was successfully changed to Mixed Use recently whichwill allow for a potential density of 148 apartment units.Current income from existing use is $300,000 NOI approximately, which provides great income during plans for redevelopment. The site consists of a 3 story building which is currently a mix of office and industrialuses on the east end of the parcel, and a collection of industrial buildings on the westend of the parcel.Architectural renderings show a 104 unit apartment building on the west end whichwould call for the removal of industrial buildings. There are also plans for the renovationof existing buildings on the east end to accommodate an additional 44 units. Theexisting parking plan provides 126 parking spaces on site. A parking variance would berequired to provide relief from the parking requirement of 1 space per unit.Contact listing agent for pro forma operating income and expenses.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Riparian Rights YN No Roof RubberMetal Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling Other Heating Other Heating YN Yes Net Square Feet 67000.00

Property Features

Accessibility Features None Assessment Year 2023 Business Type Other Central Air YN No Cooling Fuel Other Heating Fuel Other Hot Water Natural Gas Municipality LANCASTER CITY Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 802874162954 Ownership Interest Fee Simple Possession Settlement Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 43170.00 Tax Assessment Amount 1091000.00 Vacation Rental YN No Water Source Public Zoning MIXED USE Zoning Description The zoning was successfully changed to Mixed Use which allows for a potential density of 148 apartment units

Listing courtesy of Capstone Commercial: .


©2024 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: 2024-04-03T23:52:46.143.
 
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Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty
2525 Eastern Blvd.
York PA, 17402