Investments Sales Management

143-159 E KING MULTIPLE

LANCASTER , PA 17602

MLS#: PALA2038186

$1,440,000

Status: Closed
Listing number: PALA2038186
Listing provided by: Meedcor Realty
Listing agent phone: None
Last update: 1 year, 4 months ago
On site: 1 year, 6 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1846

Sq.Footage

N/A

The $1,440,000 Investment Package includes 10 units with: -7 storefronts 6 Tenants -3 office condos 1 Tenant. The residential units not included in the investment package. INVESTMENT COMMERCIAL PACKAGE SUMMARY The Historic East Side Investment at 145-159 East King Street in Lancaster, is a mixed use investment including commercial and residential condominiums at Historic East Side Condominiums. The entire complex includes a total of 27 units including storefronts, offices and 17 residential units. The 17 residential units are not part of the Commercial Investment Package . Historic East Side Suites is owned by a partnership of executives from Wohlsen Construction Company and John Meeder of Meeder Development. Historic East Side was redeveloped in 2011 and involved a near total rebuild of all of the structure inside of the historic brick walls. Even the facade of the 145 East King Street Building had to be removed from the building and then replaced brick by brick. The units have very little unit to unit sound transfer due to the design of the redevelopment and the quality of the construction. The retail storefronts and office uses at Historic East Side have frontage on King Street that offers excellent exposure to local foot and vehicular traffic. The residential units have their primary entrance behind the buildings and benefit from the quiet neighborhood feel of Grant Street. This investment offers a well managed and stable property with exceptional construction quality. The Historic East Side Condominium Association is responsible for the facility management. This allows the Investment Package Owners to focus on maintaining occupancy. If the new owner is looking for more fee income, the Association management is available. Both the Historic East Side Investments and the Association are managed with the assistance of the Buildium Property Management System, a software that enables the payment of monthly fees and rents to be paid online. John Meeder is the developer and part owner of the property and is a licensed real estate professional in the Commonwealth of Pennsylvania.

Features & Amenities

Interior

  • Other Interior Features

    Elevator

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick, Concrete, HardiPlank Type, Glass, Stone

  • Parking

    On Street, Private

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $1,440,000

  • Tax Amount

    33648.0

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    ABRAHAM LINCOLN

  • High School

    MCCASKEY CAMPUS

Property Features

  • Stories

    4

  • Sewer

    Public Sewer

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Location

County

LANCASTER

Elementary School

Middle School

ABRAHAM LINCOLN

High School

MCCASKEY CAMPUS

Listing Courtesy of John Meeder , Meedcor Realty

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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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The $1,440,000 Investment Package includes 10 units with: -7 storefronts 6 Tenants -3 office condos 1 Tenant. The residential units not included in the investment package. INVESTMENT COMMERCIAL PACKAGE SUMMARY The Historic East Side Investment at 145-159 East King Street in Lancaster, is a mixed use investment including commercial and residential condominiums at Historic East Side Condominiums. The entire complex includes a total of 27 units including storefronts, offices and 17 residential units. The 17 residential units are not part of the Commercial Investment Package . Historic East Side Suites is owned by a partnership of executives from Wohlsen Construction Company and John Meeder of Meeder Development. Historic East Side was redeveloped in 2011 and involved a near total rebuild of all of the structure inside of the historic brick walls. Even the facade of the 145 East King Street Building had to be removed from the building and then replaced brick by brick. The units have very little unit to unit sound transfer due to the design of the redevelopment and the quality of the construction. The retail storefronts and office uses at Historic East Side have frontage on King Street that offers excellent exposure to local foot and vehicular traffic. The residential units have their primary entrance behind the buildings and benefit from the quiet neighborhood feel of Grant Street. This investment offers a well managed and stable property with exceptional construction quality. The Historic East Side Condominium Association is responsible for the facility management. This allows the Investment Package Owners to focus on maintaining occupancy. If the new owner is looking for more fee income, the Association management is available. Both the Historic East Side Investments and the Association are managed with the assistance of the Buildium Property Management System, a software that enables the payment of monthly fees and rents to be paid online. John Meeder is the developer and part owner of the property and is a licensed real estate professional in the Commonwealth of Pennsylvania.

143-159 E KING MULTIPLE

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