Overview
This exceptional mixed-use property at 230-232 N Duke Street in Lancaster, PA, presents a unique investment opportunity. The 6,565 square foot Italianate brick building boasts five units across three floors, situated on a 0.18-acre lot. Two commercial units are available, one on the first floor (previously law offices) and another on the second floor (formerly occupied by a tech company). Three residential units are currently occupied, offering immediate income potential. One residential unit is located on the third floor of the main building, featuring a living room, kitchen, bedroom, and bathroom. A second residential unit is situated on the second floor of the main building, also with a living room, kitchen, bedroom, and bathroom. A third, semi-detached residential unit is located at 229 N. Christian St., encompassing approximately 832 square feet and including a living room, kitchen, one or two bedrooms, a bathroom, and a basement with washer and dryer hookups. The property includes a seven-car paved parking lot accessed from N. Christian Street. The main building features newer HVAC and wiring, along with gas steam heat (main or backup), while all units within the main building are equipped with individual heat pumps. Located in the Central Business District, this property benefits from flexible zoning allowing a variety of uses (refer to the Lancaster City online zoning ordinance for details). Its prime location offers easy access to numerous businesses, shops, galleries, Musser Park, the Marriott Hotel, the Library, Binns Park, Ewell Plaza, and a vibrant selection of coffee shops, pubs, and restaurants. This property offers significant potential for both income generation and future development.