540 S Water St Lancaster, PA 17603
Property profile & analytics
540 S Water St Lancaster, PA 17603
- Warehouses
- 3,520 SF
- 0.92 lot acres
Property ID
US73-5582861
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Fritz the Gardener / Landscaping / General Contractor
Property Details for 540 S Water St
- Year built
- 2004
- Construction
- STEEL FRAME
- Lot size
- 0.92 lot acres
- Property size
- 3,520 SF
- Zone code
- CM
- Property type
- Warehouses
- APN
- 338-15999-0-0000
- APU
- 3381599900000
Description
This exceptional 3,520-square-foot single-tenant property at 540 South Water Street in Lancaster, PA, presents a rare opportunity. Boasting a flexible CM zoning designation (Central Manufacturing, City of Lancaster), this building is ideal for a variety of uses, including light assembly, service centers, contractor warehousing, or distribution. The space features a generous 500 square feet of office space, complementing the expansive warehouse area. High ceilings ranging from 15 to 16 feet provide ample vertical space, while five drive-in doors (two measuring 12' x 14' and three measuring 10' x 10') ensure efficient loading and unloading. The property includes a substantial 0.92-acre lot, offering an additional 0.33 acre of paved and secured outdoor storage for equipment or vehicles. The building is equipped with a 200-amp electrical service, gas forced-air heat, and a complete wet sprinkler system. Nine on-site parking spaces are available for employees and visitors. Annual real estate taxes for 2023/2024 are $11,732. The monthly lease rate is $5,000 NNN. This property offers a unique blend of office and warehouse space in a highly desirable Lancaster location. Don't miss this chance to secure a versatile and well-maintained industrial building.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $405,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $395,000
- 6.5%
- $365,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $566,000
Market price range: $157k - $567k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $590,000 Current use
- MEDICAL BUILDING
- $800,000 Change: +36% Conversion: Difficult
- RETAIL STORES
- $765,000 Change: +30% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $540,000 Change: -8% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.308
- Latitude
- 40.0292
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,732
$103,200
$193,300
$296,500
-
$103,200
$193,300
$296,500
