Property summary
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
VerifiedCap rate & NOI
Current use
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Auto Repair Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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,…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
C2 · Lancaster, PAh 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,…
Zoning
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Zoning designation
Official district profile
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,…
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