1208 Harrisburg Ave Lancaster, PA 17603-2516

Property Details for 1208 Harrisburg Ave

Year built

1941

Construction

FRAME

Lot size

1.60 lot acres

Property size

16,955 SF

Zone code

B-4

Property type

Investment properties

Property subtype

Live-work space

APN

390-39479-0-0000

APU

3903947900000

Description

This exceptional freestanding commercial building, situated at 1208 Harrisburg Avenue in Lancaster, Pennsylvania (zip code 17603), presents a compelling investment opportunity. Boasting a total of 30,172 square feet, the property is strategically located at a high-traffic intersection in Lancaster County, offering convenient access to Lancaster city and major highways. The building's diverse layout encompasses retail, office, warehouse, and garage/parking space, currently occupied by two tenants under a modified lease agreement. The current lease term is five years, commencing March 31, 2021, and expiring March 29, 2026. The Net Operating Income (NOI) is $181,640. The property sits on a 1.6-acre lot and is zoned B-4 - Business with T-4 Urban Neighborhood Overlay. This owner-user investment opportunity is ideal for those seeking a diversified portfolio with strong rental income potential. The property's multi-tenant structure provides stability and minimizes risk. The convenient location and versatile space make it an attractive option for a variety of businesses. The property's address is 1208 Harrisburg Avenue, Lancaster, PA 17603, and the Assessor's Parcel Number (APN) is 390-39479-0-0000. This is a rare opportunity to acquire a well-established, income-producing commercial property in a thriving Lancaster County location.