301 & 341 E Liberty Street

For Sale

301 E Liberty St, Lancaster, PA 17602

This Lancaster property for sale is located at 301 E Liberty St. The current listed sale price for 301 & 341 E Liberty Street is $4,500,000. 301 & 341 E Liberty Street is situated on a lot that is 2.3 acre in size.

Contacts

broker

Naomi Brown, CCIM

Capstone Commercial

Property Details

  • Property Type Industrial - Flex - Industrial
  • Property Size 67,000 SF
  • Units 31
  • Lot Size 2.3 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 1922
  • Year Renovated 2022
  • Date Updated Nov 4, 2024
  • Column Spacing 16.0'
  • Fire Sprinklers None
  • HVAC None
TBDRedevelopment site for sale consisting of 2.3 acres of land 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. The site consists of 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. 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. The owner is open to seller financing with a 30% down payment.Mixed-use property with flexible zoning permitting a range of uses. The property consists of commercial suites with ceiling heights ranging from 10'-24'. Many suites have windows with natural light. Excellent flex space for many businesses. The owner is flexible on lease length terms. There are no elevators or sprinklers in the buildings, but the property is served by a hard-wired smoke detector system. There is shared common tenant parking on site for up to 40 cars, plus street parking. The excellent location is on the edge of Lancaster City.

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Highlights

  • Redevelopment site for up to 148 apartment units
  • Income in place from existing tenants
  • Rendering completed for 104 unit building on the west side of the parcel
  • Existing plan for renovation of the building on the east side for 44 units
  • Zoning permits Multifamily by special exception
  • Hard to find redevelopment site located within the rapidly growing Lancaster City
  • Site is only 3 blocks from the Lancaster train station
  • Walkable to Lancaster General Hospital and Downtown amenities
  • Accommodates significant street level parking, standing out from other apartment sites in Lancaster
  • Quick access to the surrounding area with an entrance to Route 30 only 1.4 miles from the site

Attachments

Getting around

  • 83/100

    Walk Score ®

  • 60/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Lancaster, PA
  • Neighborhood Ross
  • Zip Code 17602
  • Market Harrisburg

Points of Interest

  • Lancaster

    0.33 miles

  • US Gas

    0.59 miles

  • Turkey Hill

    0.67 miles

  • Sunoco

    1.03 miles

  • Sheetz

    1.13 miles

  • Costco Gasoline

    2.33 miles

  • Tesla Supercharger

    2.46 miles

  • Mister Car Wash

    1.98 miles

  • Sunoco Car Wash

    2.04 miles

  • Enterprise

    2.21 miles

  • Divine Shine Car Wash

    2.57 miles

  • Highland Car Wash

    3.03 miles

  • Classic Shine

    3.10 miles

  • Budget Truck Rental

    3.15 miles

  • Aqua Premier Auto Wash

    4.47 miles

  • Leola Auto and Van Rental

    4.84 miles

  • Riptide Car Wash

    5.13 miles

  • American Bar and Grill

    0.13 miles

  • Chez Mas

    0.31 miles

  • Superstar

    0.36 miles

  • Rice & Noodles

    0.38 miles

  • Slugger's Pizzeria

    0.43 miles

  • Route 66

    0.46 miles

  • Neptune Diner

    0.48 miles

  • El Triangulo Latino

    0.48 miles

  • Grills Goin' Wild

    0.57 miles

  • McDonald's

    0.58 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Naomi Brown, CCIM

Capstone Commercial