$111,000
$115,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
1,740 SqFt
SOLD DATE : 11/08/2021
Key Details
Sold Price $111,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 1,740 sqft
Price per Sqft $63
Subdivision Cabbage Hill
MLS Listing ID PALA2002632
Sold Date 11/08/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1981
Annual Tax Amount $1,778
Tax Year 2021
Lot Size 4,356 Sqft
Acres 0.1
Lot Dimensions 0.00 x 0.00
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 17 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 can also be sold with another parking lot at 663 Union (Rear) Street, Lancaster PA 17603 (18 spots) (refer to MLS # PALA182080, as a package deal for $220,000.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning COMMERCIAL
Interior
Hot Water None
Heating None
Cooling None
Heat Source None
Exterior
Garage Spaces 17.0
Water Access N
Accessibility None
Total Parking Spaces 17
Garage N
Building
Sewer No Sewer System
Water None
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 338-25331-0-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Bank Portfolio, Cash, Conventional
Listing Terms Bank Portfolio, Cash, Conventional
Financing Bank Portfolio,Cash,Conventional
Special Listing Condition Standard
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Bought with Austin Will • Berkshire Hathaway HomeServices Homesale Realty
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