Address
409 High Street Lancaster, PA
Price
$ 112,500
Property Attributes
  • MLS#PALA182084
  • TypeCommercial
  • CountyLANCASTER
  • CityLancaster
  • AreaLancaster City
  • NeighborhoodCABBAGE HILL
  • Zip17603
  • StyleParking Lot
  • Year Built1981
  • Taxes$ 1760
  • Price$ 112,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4356
  • Lot Size4,356 SqFt
Listing Provided Courtesy Of:
Berkshire Hathaway HomeServices Homesale Realty
Data Source:
Bright MLS - 382 - MD
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 17 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 663 Union (Rear) Street, Lancaster PA 17603 (18 spots) (refer to MLS # PALA182080, as a package deal for $225,000.

Price History
5/13/2021 Listed $112,500

General Features

Acceptable Financing Bank Portfolio, Cash, Conventional
Accessibility None
Business Type Parking Lot
Construction Materials Other
Cool Fuel None
Cooling None
County LANCASTER
Days on Market 69
Heating None
MLS Area Lancaster City (10533)
Municipality LANCASTER CITY
New Construction No
Ownership Fee Simple
Possession Settlement
Price Per Sq Ft 64.66
Property SubType Other
Property Type Commercial Sale
Property Use Investment
PropertyCondition Excellent
Sewer No Sewer System
Subdivision Name CABBAGE HILL
Tax Annual Amount 1760.0
Tax Year 2020
Vacation Rental Y/N No
Water Access Y/N No
Zoning COMMERCIAL

Interior Features

Central Air Y/N No
Heating Fuel None
Hot Water None

Exterior Features

Building Area Total 1740.00
Car Parking Spaces 17
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.10
Lot Size Source Assessor
Lot Size Square Feet 4356.00
Navigable Water Y/N No
Total Parking Spaces 17
Type of Parking Parking Lot
Water Oriented Y/N No
Water Source None
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 17603

Price
AVG $350K
$110K
Taxes
AVG $10,222
$1,760
Visits
AVG 108
9
Year Built
AVG 1966
1981

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.