857 Prince St Lancaster, PA 17603
- Auto shops
- 9,000 SF
Current Use by Public Records
- Auto shops
Property Details for 857 Prince St
- Year built
- 1960
- Property size
- 9,000 SF
- Property type
- Auto shops
Description
This exceptional mixed-use property presents a compelling value-add investment opportunity in Lancaster City, Pennsylvania. Located at 857 S Prince St, this 9,000 square foot building boasts a prime location offering high visibility and easy access, situated near the downtown area and adjacent to a planned new business development site. The property, built in 1960, is a two-story structure encompassing four units. Three of these units are currently generating rental income as apartments. The remaining space comprises a substantial auto garage accompanied by a large office. This versatile space presents a unique opportunity for an owner-occupant seeking a combined living and business space, or for a landlord to lease to a separate tenant. The property is zoned for mixed use, allowing for a variety of potential uses and maximizing its investment potential. The asking price for this fee simple ownership is $825,000. This property offers a rare blend of residential and commercial income streams in a rapidly developing area of Lancaster City, making it an attractive investment for both seasoned and emerging investors. The property's strong location and existing income streams make it a particularly compelling opportunity in the current market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.3047713
- Latitude
- 40.0236723
