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409 High St

Lancaster PA 17603

$115,000.00

About property
Sale

  • Property Tax ID # 338-25331-0-0000
  • Property type Land
  • Price $115,000.00
  • Price Per Sq Ft $66.09
  • State Pennsylvania
  • County Lancaster
  • Municipality Lancaster City
  • City Lancaster
  • Zip code 17603
  • Street Address 409 High St
  • Building Sq Ft 1,740
  • Lot Size 4356.0 Square Feet
  • Year Built 1981
  • Date Listed August 12, 2021
  • Property Status Pending
  • Location Other
  • Type Commercial
  • Status Date Changed Sep 17, 2021
  • Total Taxes N/A
  • Parking

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.

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