348 W ORANGE Street
348 W ORANGE Street Lancaster, Pennsylvania 17603 United States

$285,000
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PPM Real Estate, Inc.

.07 Acres
Exterior
Commercial
Property type
1890
Year Built
PALA2017484
Web Id
PALA2017484
MLS ID
CHESTNUT HILL
Subdivision
Lancaster
School District
14
days ago

About 348 W ORANGE Street

**Rare Mixed Use Investment Property in Chestnut Hill, Lancaster City!** NOI is $16,116.20 (see income/expense sheet under Documents). First floor is commercial and currently leased to long term tenant, Ego Trip Salon. Tenant has lease through 8/31/24. This space offers a large retail storefront window with signage, plenty of windows/natural light and the rear ceiling was removed to expose wood beams and increased ceiling height! Suite also includes a kitchenette, powder room, private room/office and 2 doors to the brick patio. Prior to the salon, the space was leased to a marketing office, so it is well suited for a variety of uses! The upper floors are a one bedroom apartment that has always leased easily. Today's market rent for this unit could be $1,250/month. The apartment features a an updated kitchen, laundry in unit, private balcony with glass door and storm door for sunny days, large bedroom with multiple closets and the 3rd floor is finished nicely with exposed brick, 2 windows (replaced), closet and storage in the eaves. Tenants have all used this as their living room but it could be the bedroom if a Tenant desired. There is a large yard and brick patio. (note that the parcel extends beyond the fence and owns the "second yard" area. Commercial tenant maintains the brick patio and apartment tenant cuts the grass as they both share access to the yard. Landlord pays for someone to cut the grass in the "second yard", which is the landscaping fee shown in the income/expense sheet under Documents. Each Tenant pays for their own gas heat and own electric. The hot water heater is on the salon's gas bill, and the lease states the commercial Tenant pays for the hot water. Additionally, the salon pays for 80% of the water, sewer and trash bills. ....... Disclosures: Sq. Ft. is estimated and includes the finished 3rd floor - Buyer to confirm sq. ft. Seller is Licensed PA Broker Listing Agent is related to Seller.

Listing Courtesy of PPM Real Estate, Inc.

The data relating to real estate for sale comes in part from Keystone Multi-List. Real estate listings held by brokerage firms other than Anne Lusk Sotheby's International Realty are marked with the Broker Reciprocity logo and information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. This 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.

PROPERTY INFORMATION

Cooling
Window Unit(s)
Heating
Radiant, Hot Water
Sewer
Public Sewer

ADDITIONAL INFORMATION

Body of Water
Public
This Lancaster Commercial is for Sale at $285,000 and was built in 1890. Has on a lot of .07 Acres.

 

PPM Real Estate, Inc.

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