301 E Liberty St Lancaster, PA 17602

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.