301 E LIBERTY STREET
LANCASTER, PA 17602
$4,500,000
Sq. Ft.: 67,000
Type: Commercial
Listing #PALA2047158
This site consists of a mixed use property with 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. Most Industrial uses have drive ins, and a few have dock doors. Current income from existing use is $300,000 NOI approximately, which provides great income during plans for redevelopment. Most leases are on 1-2 year terms, allowing flexibility for redevelopment. Great opportunity for a redevelopment into self storage or apartments, with land consisting of 2.3 acres in Lancaster City with improved buildings. The zoning was successfully changed to Mixed Use recently which will allow for a potential density of 148 apartment units.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.Self Storage is also a permitted use limited to 20,000 SF per parcel. Owner will consider seller financing for qualified buyers with a 30% down payment. Contact listing agent for pro forma operating income and expenses.
Listing Courtesy of: Capstone Commercial (717) 819-2825
Property Features
County: LANCASTER
Municipality: LANCASTER CITY
Latitude: 40.05338287
Longitude: -76.30123138
MLS Area: Lancaster City (10533)
Heating: Other
Heating Fuel: Other
Cooling: Other
Is New Construction: No
Roof: Rubber, Metal
Septic or Sewer: Public Sewer
Water: Public
Lot Size in Acres: 2.3
Commercial/Industrial Type: Other
Approximate Net Sq. Ft.: 0
ListDate: 2024-02-21 00:00:00.0
Property SubType: Commercial Sale
Year Built: 1922
Status: Active
Tax Year: 2024
Tax Amount: $43,628
$ per month
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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Gacono Real Estate participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Gacono Real Estate are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. 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. Information Deemed Reliable But Not Guaranteed.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Gacono Real Estate participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Gacono Real Estate are marked with the IDX icon, and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers 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 on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHT MLS is a provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. 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. Information Deemed Reliable But Not Guaranteed.
BRIGHT(MRIS/Trend) data last updated at December 30, 2024 11:10 AM ET
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