Investments Sales Management

50-54 N QUEEN & 12 W ORANGE STREET

LANCASTER , PA 17603

MLS#: PALA2025294

$2,750,000

Status: Closed
Listing number: PALA2025294
Listing provided by: Compass Real Estate, LLC
Listing agent phone: None
Last update: 10 months ago
On site: 1 year, 11 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1875

Sq.Footage

N/A

Assemblage of three (3) contiguous, mixed-use buildings with total gross building area of approximately 35,000 square feet, creating an "L" shape with 45 feet of frontage on N. Queen St and 50 feet on W. Orange St. Excellent location at corner lighted intersection. Highly walkable. Property served by natural gas, electric, public sewer and public water. Located in CB1 Zoning District in Lancaster City, the commercial and cultural core of the Central Business District. Fully leased first floor retail space. Nine third-party lease agreements offer good cash flow. High demand among passive investors or properties of this type if renovated and stabilized as characterized by historically low overall capitalization rates.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Other, Electric

  • Heating YN

    YES

  • Heating

    Electric, Heat Pump

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    None

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.43

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $2,750,000

  • Tax Amount

    13363.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

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Location

County

LANCASTER

Elementary School

Middle School

High School

Listing Courtesy of Deepa Balepur , Compass Real Estate, LLC

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Assemblage of three (3) contiguous, mixed-use buildings with total gross building area of approximately 35,000 square feet, creating an "L" shape with 45 feet of frontage on N. Queen St and 50 feet on W. Orange St. Excellent location at corner lighted intersection. Highly walkable. Property served by natural gas, electric, public sewer and public water. Located in CB1 Zoning District in Lancaster City, the commercial and cultural core of the Central Business District. Fully leased first floor retail space. Nine third-party lease agreements offer good cash flow. High demand among passive investors or properties of this type if renovated and stabilized as characterized by historically low overall capitalization rates.

50-54 N QUEEN & 12 W ORANGE STREET

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