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28 E Vine Street

LANCASTER, PA 17602
  • $1,100,000
  • STATUS: Active
  • ON SITE: 8 Days
  • ID#: PALA2008088
UPDATED: 50 min ago
$1,100,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,698
    SQFT
  • $234
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1895
County:

School Ratings & Info

School District:

Description

Join the new Southern Market and upcoming Willow Valley Mosaic tower neighborhood! Fantastic mixed use investment opportunity with large parking lot. Perfect for an owner occupant or small business owner to live or work, collecting apartment income, or use as a traditional investment property and capitalize on premium rents due to flexibility of use of space, excellent property condition, and central location. The first floor commercial space offers over 2,200 square feet, is ready to be built out to suit, and features freespan ceilings, exposed brick wall, and rear access to the parking lot. Ideal for office, gallery, yoga or fitness studio, coffee shop and many other uses. The 2nd and 3rd floors feature two fully leased stylish apartments that were completely renovated in 2015/2016 and are producing steady income. Both apartments feature original hardwood floors, granite kitchen counters, stainless steel appliances, in-unit laundry, mini-split heating/cooling units and all-new windows. All spaces feature separate hot water, electric, and gas utilities. At the rear of the building is a lighted 17 space parking lot, accessed by South Christian Street with leased spaces producing additional income. Located a block away from Lancaster's Penn Square, you are within walking distance of all of Lancaster City's major attractions including historic Central Market, Fulton Opera House, Lancaster Convention Center, and countless shops and restaurants.

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Unlimited. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-27T14:50:25.757.
www.thinkpahomes.com/homes/123388194
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28 E Vine Street LANCASTER, PA 17602

  • Price: $1,100,000
  • Status: Active
  • On Site: 8 Days
  • Updated: 50 min ago
  • ID#: PALA2008088
0
Beds
0
Baths
0
½ Baths
0.22
Acres
4,698
SQFT
$234
$/SQFT
1895
Built
Neighborhood:
Lancaster City (10533)
County:
Lancaster
Area:
Lancaster City (10533)
School District:
School District Of Lancaster
Property Description
Join the new Southern Market and upcoming Willow Valley Mosaic tower neighborhood! Fantastic mixed use investment opportunity with large parking lot. Perfect for an owner occupant or small business owner to live or work, collecting apartment income, or use as a traditional investment property and capitalize on premium rents due to flexibility of use of space, excellent property condition, and central location. The first floor commercial space offers over 2,200 square feet, is ready to be built out to suit, and features freespan ceilings, exposed brick wall, and rear access to the parking lot. Ideal for office, gallery, yoga or fitness studio, coffee shop and many other uses. The 2nd and 3rd floors feature two fully leased stylish apartments that were completely renovated in 2015/2016 and are producing steady income. Both apartments feature original hardwood floors, granite kitchen counters, stainless steel appliances, in-unit laundry, mini-split heating/cooling units and all-new windows. All spaces feature separate hot water, electric, and gas utilities. At the rear of the building is a lighted 17 space parking lot, accessed by South Christian Street with leased spaces producing additional income. Located a block away from Lancaster's Penn Square, you are within walking distance of all of Lancaster City's major attractions including historic Central Market, Fulton Opera House, Lancaster Convention Center, and countless shops and restaurants.
Exterior Features

Architectural Style Traditional Construction Materials BrickBlock Exterior Features Exterior LightingFire EscapeSidewalksStreet Lights Garage YN No Location Type Downtown Lot Features Additional Lot(S) Other Structures Above GradeBelow Grade Parking Features Lighted ParkingPaved Parking Parking Types Off StreetParking Lot Patio And Porch Features Patio(S)Balcony Pool No Pool Property Condition Excellent Riparian Rights YN No Road Responsibility Public Roof Rubber View Street Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 4698 Appliances DryerOven/Range - GasStainless Steel AppliancesStoveWasher Basement Interior AccessUnfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Ductless/Mini-SplitMulti UnitsWall Unit Fireplace YN No Fireplaces Total 0 Flooring CarpetCeramic TileHardwood Heating RadiatorWall Unit Heating YN Yes Interior Features Combination Kitchen/LivingFloor Plan - OpenUpgraded CountertopsWood Floors Security Features Smoke Detector Single Room Units 0 Three Bedroom Units 0 Two Bedroom Units 0 Units Furnished None Walls Ceilings 9'+ CeilingsBrickDry Wall

Property Features

Acceptable Financing CashConventional Accessibility Features 2+ Access Exits Assessment Year 2021 Central Air YN No Cooling Fuel Electric Electric 200+ Amp ServiceCircuit Breakers Existing Lease Type Long TermYearly Foundation Details Stone Gross Income 90720.00 Heating Fuel ElectricNatural Gas Hot Water Natural Gas Municipality Lancaster City Navigable Water YN N Net Operating Income 69906.00 New Construction YN No Number Of Units Total 3 Number Of Units Vacant 1 Operating Expense 20814.00 Operating Expense Includes Snow RemovalTrash Original MLSNumber 801194524154 Owner Pays SewerSnow RemovalTaxes - Real EstateTrash CollectionWater Ownership Interest Fee Simple Possession Settlement Property Sub Type Triplex Rent Control YN No Sale Type Standard Sewer Public Sewer Structure Design Type Detached Tax Annual Amount 13005.00 Tax Assessment Amount 348800.00 Utilities Electric AvailableNatural Gas AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Window Features ReplacementInsulated Zoning R-3

Listing courtesy of Berkshire Hathaway Homeservices Homesale Realty.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Unlimited. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-11-27T14:50:25.757.
 
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Realty ONE Group Unlimited
415 N. Prince St. Ste.100
Lancaster PA, 17603