723 Prince St Lancaster, PA 17603
- Office Properties & Spaces
- 86,338 SF
- 0.82 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 723 Prince St
- Year built
- 1940
- Construction
- BRICK
- Lot size
- 0.82 lot acres
- Property size
- 86,338 SF
- Zone code
- MU
- Property type
- Office Properties & Spaces
- APN
- 339-81159-0-0000
- APU
- 3398115900000
Description
This exceptional 103,672 square foot mixed-use property presents a compelling redevelopment opportunity in the heart of Lancaster, Pennsylvania. Situated on a 1.12-acre lot, this three-story building boasts a prime location across from Clipper Magazine Stadium, enjoying high traffic visibility with approximately 13,000 vehicles passing daily. The property currently features an auto service and showroom, along with a former tobacco warehouse, offering significant potential for adaptive reuse. Its strategic location provides convenient access from North Prince Street, West Clay Street, and North Market Street. The property is zoned for mixed-use development, aligning perfectly with the city's vision for revitalization. Further enhancing its appeal are the available LERTA and CRIZ incentives, designed to stimulate economic growth and development. Concept sketches for a multifamily conversion are available for review. The asking price for this significant property is $4,700,000. This is a rare chance to acquire a substantial property in a thriving downtown area with considerable upside potential. The property's size and location make it ideal for a variety of development projects, capitalizing on the city's ongoing growth and the high volume of daily traffic.
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
- -76.3093
- Latitude
- 40.0494
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA
