Mixed-Use Redevelopment
301 E LIBERTY STREET, Lancaster, PA 17602
2.3-acre mixed-use property in Lancaster City with redevelopment potential.
Type:Commercial/Industrial
Lot size:
2.30 Acres- Added:
- Mar 24, 2026
- Days on Market:
- 50
- Last Refresh:
- Feb 10 at 12:01 pm
Property Features for 301 E LIBERTY STREET
General Information
- Standard status
- Active
- Lot size
- 2.30 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1922
Listing agent Naomi Brown License #RM425406
Listing office Capstone Commercial (717) 819-2825
Listing date Mar 24, 2026
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Capstone Commercial
HighLights
- Redevelopment opportunity in Lancaster City on 2.3 acres with zoning already changed to Mixed Use.
- Potential for high‑density development: up to 148 apartment units possible.
- Existing income of approximately $300,000 NOI provides cash flow during the redevelopment planning phase.
- Short‑term leases (1‑2 years) offer flexibility for immediate redevelopment.
- Permitted use for self‑storage (up to 20,000 SF) provides an alternative redevelopment option.
- Seller financing is available for qualified buyers with a 30% down payment.
Overview
This mixed-use property features a three-story building, currently accommodating a mix of office and industrial uses on the east end of the parcel, and a collection of industrial buildings on the west end. Most of the industrial spaces have drive-in access, and a few include dock doors. The property generates approximately $300,000 in net operating income from existing leases, which are primarily on 1-2 year terms, offering flexibility for future redevelopment. Situated on 2.3 acres in Lancaster City, the site presents a redevelopment opportunity for self-storage or apartments. The zoning has been successfully changed to Mixed Use, allowing for a potential density of 148 apartment units. Architectural renderings illustrate a 104-unit apartment building on the west end, which would require the removal of the existing industrial buildings. Plans also include the renovation of existing buildings on the east end to accommodate an additional 44 units. The current parking plan provides 126 parking spaces on site, and a parking variance would be required to provide relief from the parking requirement of 1 space per unit. Self-storage is also a permitted use, limited to 20,000 square feet per parcel. Seller financing may be considered for qualified buyers with a 30% down payment.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Robert Tires
Auto Repair Shop
Motive Edge LLC.
Auto Repair Shop
Stevens auto body ...
Auto Repair Shop
A A Auto Services
Auto Repair Shop
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.30123
- Latitude
- 40.053382
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 2.3-acre mixed-use property in Lancaster City with redevelopment potential.
Where is this mixed-use property located?
The property is located at 301 E LIBERTY STREET Lancaster, PA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Redevelopment opportunity in Lancaster City on 2.3 acres with zoning already changed to Mixed Use.; Potential for **high‑density development: up to 148 apartment units possible.**; Existing income of approximately $300,000 NOI provides cash flow during the redevelopment planning phase.
