343 S Rear S Ann Street

Description

Exceptional .69-acre mixed-use investment opportunity spanning four adjoining parcels in Lancaster City, fully serviced with public water, public sewer, and electric. Three of the parcels—343 Rear S Ann St (TAXID 3374841000000), 324 S Marshall St Rear (TAXID3374070900000), and 330 S Marshall St Rear (TAXID 337383800000) operate as a legally pre-existing self-storage facility, offering 21 units plus approximately 6,200 sq ft of outdoor storage. These parcels deliver strong, immediate cash flow from an established, grandfathered use.The fourth parcel, 523 Rear Juniata St (TAXID 3374317000000) , is not currently part of the storage operation but provides significant development flexibility. Because all four parcels physically adjoin one another, the entire .69 acres can be combined, allowing the potential to expand the existing storage facility (subject to approvals) and create a unified, higher-income complex.This parcel also has an active plan underway for a 1,200 sq ft miscellaneous repair shop, which is permitted by right—meaning this use is allowed outright so long as it follows ordinance guidelines and completes the standard municipal process. Stormwater engineering for this 1,200 sq ft building has already been completed, giving a future owner a head start.The zoning district offers several additional permitted-by-right or feasible development options, subject only to following the ordinance and completing the normal review steps. These include concepts such as townhouses, multifamily buildings, or residential units above a non-residential use (above a non-residental use). When the parcels are combined, the full .69-acre footprint may support increased density, making residential or mixed-use development even more attractive.With steady cash flow, four fully serviced and adjoining lots, multiple permitted-by-right pathways, and major value-add potential, this property represents a rare and powerful opportunity. Ideal for developers, investors, or owner-operators looking for a site that can grow into a significantly more valuable mixed-use complex. Owner is a licensed Pennsylvania real estate agent. This property offers numerous permitted uses and strong future potential. Please contact me directly with any questions regarding rents, permits, or the development plan currently in progress for the lot.