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663 Union Street

LANCASTER, PA 17603
  • $112,500
  • STATUS: Active
  • ON SITE: 42 days
  • ID#: PALA182080
UPDATED: 6 min ago
$112,500
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1981
County:

School Information

High School:
School District:

Description

Fantastic investment opportunity in the Cabbage Hill/SOWE neighborhood of Lancaster City. Join the exciting developments in this area in 2021, with close proximity to downtown restaurants, galleries, and markets. There is a strong need for off-street parking in this neighborhood, as many homes do not offer off-street parking for a vehicle. This large parking lot with 18 total spaces, currently rented by long term tenants with over 8% gross ROI and minimal maintenance. Current rent is $50 per space, per month. Low maintenance required with this investment offering! This property is being sold with parking lot at 409 High Street, Lancaster PA 17603 (17 spots), as a package deal for $225,000.

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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: 2021-06-23T21:53:37.407.
www.thinkpahomes.com/homes/117022018
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663 Union Street LANCASTER, PA 17603

  • Price: $112,500
  • Status: Active
  • Updated: 6 min ago
  • ID#: PALA182080
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1981
Built
Neighborhood:
Cabbage Hill
County:
Lancaster
Area:
Lancaster City (10533)
High School:
Mccaskey Campus
School District:
School District Of Lancaster
Property Description
Fantastic investment opportunity in the Cabbage Hill/SOWE neighborhood of Lancaster City. Join the exciting developments in this area in 2021, with close proximity to downtown restaurants, galleries, and markets. There is a strong need for off-street parking in this neighborhood, as many homes do not offer off-street parking for a vehicle. This large parking lot with 18 total spaces, currently rented by long term tenants with over 8% gross ROI and minimal maintenance. Current rent is $50 per space, per month. Low maintenance required with this investment offering! This property is being sold with parking lot at 409 High Street, Lancaster PA 17603 (17 spots), as a package deal for $225,000.
Exterior Features

Construction Materials Other Garage YN No Parking Features Paved ParkingPrivate Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Road Surface Type Paved Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling None Heating None Net Square Feet 7405.00

Property Features

Acceptable Financing Bank PortfolioCashConventional Accessibility Features None Assessment Year 2021 Association YN No Business Type Parking Lot Central Air YN No Cooling Fuel None Heating Fuel None Hot Water None Municipality Lancaster City Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304601579667 Owner Pays Common Area MaintenanceInsuranceLawn/Shrub CareSnow RemovalTaxes - Real Estate Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Sale Type Standard Sewer Public Sewer Tax Annual Amount 1867.00 Tax Assessment Amount 50600.00 Vacation Rental YN No Water Source None Zoning Commercial

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: 2021-06-23T21:53:37.407.
 
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Realty ONE Group Unlimited
415 N. Prince St. Ste.100
Lancaster PA, 17603