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$4,500,000
211 Days Online

301 E Liberty St
Lancaster, PA 17602

For Sale|Industrial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1922
Built
County:
LANCASTER
Listing courtesy of Capstone Commercial

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301 E Liberty St301 E Liberty St301 E Liberty St301 E Liberty St
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This site consists of a mixed use property with a 3 story building which is currently a mix of office and industrial uses on the east end of the parcel, and a collection of industrial buildings on the west end of the parcel. Most Industrial uses have drive ins, and a few have dock doors. Current income from existing use is $300,000 NOI approximately, which provides great income during plans for redevelopment. Most leases are on 1-2 year terms, allowing flexibility for redevelopment. Great opportunity for a redevelopment into self storage or apartments, with land consisting of 2.3 acres in Lancaster City with improved buildings. The zoning was successfully changed to Mixed Use recently which will allow for a potential density of 148 apartment units. Architectural renderings show a 104 unit apartment building on the west end which would call for the removal of industrial buildings. There are also plans for the renovation of existing buildings on the east end to accommodate an additional 44 units. The existing parking plan provides 126 parking spaces on site. A parking variance would be required to provide relief from the parking requirement of 1 space per unit. Self Storage is also a permitted use limited to 20,000 SF per parcel. Owner will consider seller financing for qualified buyers with a 30% down payment. Contact listing agent for pro forma operating income and expenses.

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Listing Snapshot
Price 
$4,500,000
Days Online 
211 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.3 Acres
Year Built 
1922
MLS® Number 
PALA2047158
Status 
Active
Property Tax 
$43,628
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoPrice changed to $4,500,000
7 months agoListing first seen online
8 months agoListing updated with changes from the MLS®
General Features
Acres 
2.3
Parking Spaces 
30
Property Sub Type 
Industrial
Sewer 
Public Sewer
Water Source 
Public
Zoning 
The zoning was successfully changed to Mixed Use which allows for a potential density of 148 apartment units
Interior Features
Heating 
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Exterior Features
Construction Details 
Brick
Roof 
MetalRubber
Community Features
MLS Area 
Lancaster City (10533)
Listing courtesy of Capstone Commercial



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Neighborhood & Commute
Source: Walkscore
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