Contacts

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 25, 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 ®

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

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