26 N Water St Lancaster, PA 17603

Located in downtown Lancaster, this mixed-use property at 26 N Water Street offers a prime investment opportunity. The property is suitable for a business or a rare Airbnb, subject to local regulations. Situated steps away from Lancaster Central Market, Fulton Theatre, Gallery Row, restaurants, and boutique shopping, the location provides excellent walkability, strong foot traffic, and high visibility. The first floor features a commercial storefront with prominent street presence, previously used as a barbershop, beauty salon, photography studio, and art gallery. The space is well-suited for retail, professional space, studio, or boutique office use and includes a half bath and a laundry area. It has the potential to be converted to a studio apartment or a stylish Airbnb. The second and third floors offer a spacious one-bedroom, one-full-bath residential unit, which can serve as an owner-occupied residence or generate rental income, including potential short-term rental opportunities, subject to local regulations. Recent upgrades include a new gas furnace, new hardwood flooring on the second and third floors, updated plumbing with PVC sewer line replacement, updated faucets, electrical improvements, fresh interior paint, a new 1st-floor washer/dryer combo, and a new back deck and gate for added privacy. The property features stained glass windows and details throughout. The lot size is 0.02 acres.