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    857 Prince St Lancaster, PA 17603

    Sponsored
    For Sale
    $824,900

    Auto shop, 3 apartments, 20 parking spaces. High-return potential.

    Property size:
    23,958 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property located at 857 S Prince Street in Lancaster, PA presents a turnkey investment opportunity. The property encompasses a substantial 23,958 square feet situated on a 0.55-acre lot, offering significant potential for immediate income generation and future growth. The main component is a well-maintained auto shop, ready for immediate operation. Complementing the commercial space are three apartments, providing additional rental income streams. The property boasts ample parking with 20 spaces available, a significant advantage in a busy urban setting. The building is in excellent condition, minimizing the need for immediate capital expenditures. This property is ideally suited for an investor seeking a diversified portfolio with a strong existing cash flow. The combination of commercial and residential units offers a balanced approach to real estate investment, mitigating risk and maximizing returns. The strategic location in Lancaster, PA, provides easy access to major transportation routes and a thriving local economy. This is a rare opportunity to acquire a well-established, high-performing mixed-use property in a desirable location. Don't miss out on this chance to secure a profitable investment. Contact us today to schedule a private showing and explore the possibilities.

    Property Features for 857 Prince St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    23,958 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built
    1960
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.30479
    Latitude
    40.02378

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    FAQs

    What type of property is this?
    Mixed-use property - Auto shop, 3 apartments, 20 parking spaces. High-return potential.
    Where is this mixed-use property located?
    The property is located at 857 Prince St Lancaster, PA.
    What is the asking price?
    The asking price for this property is $824,900.
    (717) 735-8400
    Request Owner's contact information
    857 Prince St Lancaster, PA 17603
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    Lancaster, PA 17603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    857 Prince St Lancaster, PA 17603
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