$5,300,000 $28,452 est/mo Sourced by Back At You

301 E Liberty St,Lancaster, PA 17602

Lancaster PA, 17602

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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.

Details

MLS#PALA2047158
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1922
Days On Site95
Listing Provided ByCapstone Commercial | Naomi E Brown

Features

ZoningMIXED USE
Acreage2.30

Market Activity 17602

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Learn More About This Property

StatePA
CountyLancaster
CityLancaster
Zip Code17602
AreaLancaster City
School DistrictSchool District Of Lancaster
Listing VS Median (in 17602)
Price:
$5,300,000
low | high
Med:
$250,000
100% of Average
On Site:
95
low | high
Med:
15.000000
100% of Average
Sourced by Back At You
Listing Updated: May 20, 2024 at 1:39:10 PM PDT