801 Prince St Lancaster, PA 17603-5811
This exceptional investment opportunity presents a fully operational auto repair, body, and paint shop ideally situated in Lancaster City at 801 S Prince Street. Boasting a prime corner location on a 0.22-acre lot, this property offers unparalleled visibility and convenient access to downtown Lancaster. The building's strategic placement is further enhanced by its proximity to a new, mixed-use development, promising increased foot traffic and potential clientele. The 2,254 square foot facility includes three separate bay doors, providing ample space for various automotive services. A dedicated paint area, equipped with a paint booth and heater, caters to body repair needs. The shop also features a comfortable office waiting area and over 20 parking spaces, ensuring convenience for both customers and staff. Included in the sale are two car lifts, an air compressor, and all paint booth equipment. This turnkey operation presents a rare opportunity for investors, entrepreneurs, or established mechanics seeking expansion. The existing business is included in the sale, offering immediate revenue potential. This is a truly remarkable opportunity to acquire a well-established and profitable business in a rapidly developing area of Lancaster City. The asking price is $450,000.
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Gemmill's Body Shop Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Lancaster, PALancaster. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.