108 Crystal St Lancaster, PA 17603
- Warehouses
- 3,440 SF
- 0.18 lot acres
Current Use by Public Records
- SeamWorks / Sewing Company
Property Details for 108 Crystal St
- Year built
- 1940
- Construction
- FRAME
- Lot size
- 0.18 lot acres
- Property size
- 3,440 SF
- Zone code
- R3
- Property type
- Warehouses
- APN
- 338-78122-0-0000
- APU
- 3387812200000
Description
This exceptional commercial property at 108 Crystal Street, Lancaster, PA, presents a unique investment opportunity. Boasting 3,400 square feet of space, this property is situated on a highly visible corner lot at the intersection of Crystal and First Streets, offering excellent signage potential. The main building features a large, clear-span area ideal for various business uses, complemented by a 1,000-square-foot attached office space providing ample room for administrative functions. Convenient on-site parking accommodates approximately 10 vehicles. The building is equipped with central air conditioning for year-round comfort, and includes two restrooms – one equipped with a shower – and a practical kitchenette. Its location offers immediate proximity to Crystal Park, local restaurants, and other neighborhood amenities, all within easy walking distance. While currently zoned R and operating as a non-conforming use, this property's versatility and prime location make it an attractive proposition for a wide range of businesses seeking a vibrant and accessible city setting. The 0.18-acre lot provides ample space and visibility, making this a truly rare find in the heart of Lancaster City. This is an exceptional opportunity to establish or expand your business in a thriving urban environment.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $400,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $390,000
- 6.5%
- $360,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $615,000
- AI Estimate
- $378,000
Market price range: $276k - $816kMarket price range: $154k - $554k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $575,000 Current use
- AUTO REPAIR, GARAGE
- $530,000 Change: -8% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.3168
- Latitude
- 40.0362
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA