United StatesPennsylvaniaLancaster301 E LIBERTY Street

301 E LIBERTY Street
301 E LIBERTY Street Lancaster, Pennsylvania 17602 United States

$5,300,000
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Capstone Commercial

$5,300,000
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2.3 Acres
Exterior
Commercial
Property type
1922
Year Built
PALA2047158
Web Id
PALA2047158
MLS ID
Lancaster
School District
148
days ago

About 301 E LIBERTY Street

Redevelopment site for sale consisting of 2.3 acres of land in Lancaster City withimproved buildings. The zoning was successfully changed to Mixed Use recently whichwill allow for a potential density of 148 apartment units.Current income from existing use is $300,000 NOI approximately, which provides great income during plans for redevelopment. The site consists of a 3 story building which is currently a mix of office and industrialuses on the east end of the parcel, and a collection of industrial buildings on the westend of the parcel.Architectural renderings show a 104 unit apartment building on the west end whichwould call for the removal of industrial buildings. There are also plans for the renovationof existing buildings on the east end to accommodate an additional 44 units. Theexisting parking plan provides 126 parking spaces on site. A parking variance would berequired to provide relief from the parking requirement of 1 space per unit.Contact listing agent for pro forma operating income and expenses.

Listing Courtesy of Capstone Commercial

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
Other
Heating
Other
Sewer
Public Sewer

EXTERIOR

Roofing
Rubber, Metal

ADDITIONAL INFORMATION

Body of Water
Public
This Lancaster Commercial is for Sale at $5,300,000 and was built in 1922. Has on a lot of 2.3 Acres.

 

Capstone Commercial

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