Technical
Financial
Distress signals
Property profile

801 Prince St Lancaster, PA 17603

OFF-MARKET
Auto shops
Property ID
US73-1513681
2,254 SF 0.22 ac lot Built 1948
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1948
Construction STEEL FRAME
Total area 2,254 SF
Lot 0.22 ac (9,583 SF)
Zoning code C2
APN 334-16006-0-0000
UPID US73-1513681

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

801 Prince St Lancaster, PA 17603-5811
Lancaster metro Census 1400 LANCASTER, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2024
Last sale
$360,000
1 recorded transaction
2024
$360,000

Zoning & alternative use

C2 · Lancaster, PA
Zoning description

h may require a larger sight triangle for a parking lot. Maximum Height of Fences, Walls and Hedges Height Limitations Measured from Grade Residential Districts R1, R2, R3, R4, RO, MU (feet) Nonresidential Districts C1,…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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