Address
663 Union Street Lancaster, PA
Price
$ 112,500
Property Attributes
  • MLS#PALA182080
  • TypeCommercial
  • CountyLANCASTER
  • CityLancaster
  • AreaLancaster City
  • NeighborhoodCABBAGE HILL
  • Zip17603
  • StyleParking Lot
  • Year Built1981
  • Taxes$ 1867
  • Price$ 112,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7405
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
Berkshire Hathaway HomeServices Homesale Realty
Data Source:
Bright MLS
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 18 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 409 High Street, Lancaster PA 17603 (17 spots), 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 34
Heating None
MLS Area Lancaster City (10533)
Municipality LANCASTER CITY
New Construction No
Ownership Fee Simple
Parking Features Paved Parking, Private
Possession Settlement
Property SubType Other
Property Type Commercial Sale
Property Use Investment
PropertyCondition Excellent
Sewer Public Sewer
Subdivision Name CABBAGE HILL
Tax Annual Amount 1867.0
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 0.00
Car Parking Spaces 18
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.17
Lot Size Source Assessor
Lot Size Square Feet 7405.00
Navigable Water Y/N No
Road Surface Type Paved
Total Parking Spaces 18
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 $500K
$110K
Taxes
AVG $17,748
$1,867
Visits
AVG 118
2
Year Built
AVG 1971
1981

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