Auto Repair Shop with Paint
801 S Prince Street, Lancaster, PA 17603
For Sale
New
$480,000
An operating automotive business transfers with the real estate, alongside office and customer-waiting space.
Property Size2,254 SF
Price / SF$212.95
Days on Market3
Property Features for 801 S Prince Street
General Information
Standard status
Size
Zoning
Automotive
Service Bays
Automotive Uses
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Business Included
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
office waiting area
designated paint area
restrooms
Concrete
Electric
1
Yes
Oil
No
Over 24'
Equipment and office items are negotiable with an acceptable offer. Please contact listing agent for details and inclusions.
Corner,Road Frontage
Public
Insulated
534
15000-19999
0.00 x 0.00
0.22
Assessor
Negotiable
Parking Lot
Paved Parking
Black Top,Concrete,Gravel
20
Slab
2254.00
61200.00
200
22
Flat
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Coldwell Banker Realty
(717) 735-8400
Listed By:
Matthew F McClintock
(717) 917-5489
Source:
Newprecisionrealty
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 7 at 2:12PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This operating auto repair and body shop includes a designated paint area, three bay doors, and an office with customer-waiting space. The business conveys with the property. Renovations are underway in the office, waiting area, and restrooms.
The corner parcel has road frontage at 801 S Prince Street in Lancaster. The site covers 0.22 acres and includes a paved parking area. The building dates to 1948 and is zoned C2, Urban Commercial District.
The corner parcel has road frontage at 801 S Prince Street in Lancaster. The site covers 0.22 acres and includes a paved parking area. The building dates to 1948 and is zoned C2, Urban Commercial District.
Key Highlights
- Operating auto repair and body business conveys with the real estate
- Three bay doors and a designated paint area
- Office and customer‑waiting area; renovations also underway in the restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,526
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,520
$530.5K
Cap Rate 7%
$378,943
$378.9K
Cap Rate 9%
$294,733
$294.7K
Market Conditions
NOI Build-Up for 2,254 SF
Gross rent
$40.6K $18.00/SF
− Vacancy
−$2.7K −$1.19/SF
EGI
$37.9K $16.81/SF
− OpEx
−$11.4K −$5.04/SF
NOI
$26.5K $11.77/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$530,520
Cap Rate 7%
$378,943
Cap Rate 9%
$294,733
Alternative Uses
Best Use
Retail
$378.9K
$331.6K – $442.1K
NOI $26,526 @ 7.0% cap · market cap 5.53%
Second Best
Industrial
$179.3K
$156.9K – $209.2K
NOI $12,553 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$755.3K
$660.9K – $881.2K
NOI $52,873 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Service bays
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17603, PA
66,739
Population
28,142
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
2,225
Density / Sq Mi
$77,156
Median Household Income
$40,043
Median Earnings
$1,265
Median Rent
$244,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- The Roadside Guy, LLC
- Carson's Southside Tire & Auto/Old Glory Motorcycle Co — 820 hershey ave, lancaster, pa 17603
- High Pressure Performance llc — 820 Hershey Ave, Lancaster, PA 17603
- Nieves & Luciano Auto — 853 S Prince St, Lancaster, PA 17603
- E&P Towing & Recovery — 701 s prince st, lancaster, pa 17603
Frequently Asked Questions
What type of property is this?
Auto shop - An operating automotive business transfers with the real estate, alongside office and customer-waiting space.
Where is this auto shop located?
The property is located at 801 S Prince Street Lancaster, PA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Operating auto repair and body business conveys with the real estate; Three bay doors and a designated paint area; Office and customer‑waiting area; renovations also underway in the restrooms
