Property summary
This three-story, 15,000-square-foot mixed-use building, constructed in 1900, presents a compelling value-add investment opportunity in York, Pennsylvania. Located at 13 West Market Street, this Class B property sits on a 0.15-acre lot and boasts 13,000 square feet of net rentable space, currently priced at $32 per square foot, with an asking price of $480,000. The building features a mix of commercial and multifamily potential, currently occupied on the first floor by Liberty Tax. The upper two floors are vacant, offering significant upside potential for either additional office space or conversion into apartments. The property is zoned for commercial use and includes an elevator and convenient back entrance off Cherry Lane alley. This fee-simple ownership offers a rare chance to acquire a well-located building in a vibrant area of York City, allowing for diverse income streams and future development. The building's brick exterior and central location within the West Market Street block of the square contribute to its strong visual appeal and potential for high occupancy rates. This is an excellent opportunity for investors seeking to add a substantial, mixed-use property to their portfolio.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Law Firm
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Law Firm
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Accounting Firm Tax Preparation
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
CM · York, PAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for CM in York, PA.
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