Financial
Distress signals
Property profile

238 Reservoir St Lancaster, PA 17602

OFF-MARKET
Other warehouses
Property ID
US73-3048550
1,330 SF 0.01 ac lot Built 1910
Last sale Dec 2025 · $140,000
Individually Owned Owner of record is an individual. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A free-standing commercial building located in downtown Lancaster City in an East Side neighborhood, historically configured and currently used as a wood-shop. The first floor includes a one-car garage, shop/work space, and a bathroom with a toilet and sink. The upstairs area is a clear-span space with natural light on all four sides, with updated electrical service and overhead gas heating. The building’s potential uses include workshop or studio-related functions such as a wood shop, art

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$3k
Tax billed · 2024
Assessed value$66k
Assessed land$30k
Assessed improvement$36k
Effective rate3.96%

Value estimate

· Sep 2026
$350k
$315k – $385k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$175/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$75 – $284

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R4
The R4 District is characterized by the past conversion of many single family dwellings to two family and multifamily dwellings and to sm...
General categoryCIVIC_INSTITUTIONAL
JurisdictionLANCASTER

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop10.5
Storage Facility9.5
Pet Grooming Service8.6

Location

238 Reservoir St Lancaster, PA 17602-3138
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1709 Lampeter, Lancaster, PA 17602 $147,500 Jun 2025 1,040 SF
340 Marshall, Lancaster, PA 17602-3743 $135,000 Mar 2025 1,000 SF
330 Marshall, Lancaster, PA 17602-3743 $253,000 Dec 2023 1,220 SF
324 Marshall, Lancaster, PA 17602-3743 $253,000 Dec 2023 1,020 SF
711 Mifflin, Lancaster, PA 17602-3723 $100,000 Aug 2023 3,108 SF
612 Fulton, Lancaster, PA 17602 $75,000 May 2022 1,679 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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