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28 E Vine St

Lancaster PA 17602

$1,100,000.00

About property
Sale

  • Property Tax ID # 333-34010-0-0000
  • Property type Mixed use
  • Price $1,100,000.00
  • Price Per Sq Ft $490.41
  • State Pennsylvania
  • County Lancaster
  • Municipality Lancaster City
  • City Lancaster
  • Zip code 17602
  • Street Address 28 E Vine St
  • Building Sq Ft 2,243
  • Lot Size 0.22 Acres
  • Units 3
  • Year Built 1895
  • Date Listed November 19, 2021
  • Property Status Active
  • Status Date Changed Nov 19, 2021
  • Total Taxes N/A
  • Parking

Description

 

Join the new Southern Market and upcoming Willow Valley Mosaic tower neighborhood! Fantastic mixed use investment opportunity with large parking lot. Perfect for an owner occupant or small business owner to live or work, collecting apartment income, or use as a traditional investment property and capitalize on premium rents due to flexibility of use of space, excellent property condition, and central location. The first floor commercial space offers over 2,200 square feet, is ready to be built out to suit, and features freespan ceilings, exposed brick wall, and rear access to the parking lot. Ideal for office, gallery, yoga or fitness studio, coffee shop and many other uses. The 2nd and 3rd floors feature two fully leased stylish apartments that were completely renovated in 2015/2016 and are producing steady income. Both apartments feature original hardwood floors, granite kitchen counters, stainless steel appliances, in-unit laundry, mini-split heating/cooling units and all-new windows. All spaces feature separate hot water, electric, and gas utilities. At the rear of the building is a lighted 17 space parking lot, accessed by South Christian Street with leased spaces producing additional income. Located a block away from Lancaster's Penn Square, you are within walking distance of all of Lancaster City's major attractions including historic Central Market, Fulton Opera House, Lancaster Convention Center, and countless shops and restaurants.

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