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    33 Old Dorwart St Lancaster, PA 17603

    Sponsored
    For Sale
    $900,000

    High-Occupancy Industrial Property

    Property size:
    5,420 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Prime Lancaster, PA investment opportunity: This 5,420 square foot industrial self-storage facility at 33 Old Dorwart St features 56 units with 100% occupancy. Built in 1930 and renovated in 2010, this single-story building sits on a 0.57-acre lot and is zoned R3. The property offers a strong cash flow with its consistently high occupancy rate, making it an attractive investment for those seeking a stable return. Located in Lancaster City, Pennsylvania (zip code 17603), this property benefits from its strategic location within a thriving market for industrial and self-storage spaces. The property's history, combined with its recent renovations, provides a unique blend of character and modern functionality. The property's APN is 338-2370132-259375-0-0000. This is a multi-tenant property offering a significant opportunity for immediate income generation and potential future growth. The property's proven track record of success makes it a compelling investment in a dynamic and growing market.

    Property Features for 33 Old Dorwart St

    General Information

    Property type
    Self storage facilities
    Square Feet
    5,420 SF
    Lot Size
    24,829 SF

    Building Details

    Year Built/Renovated
    1930/2010
    Stories
    1
    Units
    56

    HighLights

    • 5,420 SF industrial self‑storage facility in Lancaster, PA with 56 units and 100% occupancy.
    • Single‑story building on a 0.57‑acre lot, zoned R3.
    • Built in 1930, renovated in 2010, offering a blend of character and modern functionality.
    • Strong cash flow and high occupancy rate provide a stable investment return.
    • Located in a thriving Lancaster City market (17603), offering significant income generation and growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    SOWE Storage unit Storage Facility

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.316107802231
    Latitude
    40.036478719919

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    FAQs

    What type of property is this?
    Self storage facility - High-Occupancy Industrial Property
    Where is this self storage facility located?
    The property is located at 33 Old Dorwart St Lancaster, PA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 5,420 SF industrial self-storage facility in Lancaster, PA with 56 units and 100% occupancy.; Single-story building on a 0.57-acre lot, zoned R3.; Built in 1930, renovated in 2010, offering a blend of character and modern functionality.
    (610) 370-8507
    Request Owner's contact information
    33 Old Dorwart St Lancaster, PA 17603
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    Lancaster, PA 17603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    33 Old Dorwart St Lancaster, PA 17603
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