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663 Union St

Lancaster PA 17603

$99,000.00

About property
Sale

  • Property Tax ID # 338-99646-0-0000
  • Property type Land
  • Price $99,000.00
  • Price Per Sq Ft $13.37
  • State Pennsylvania
  • County Lancaster
  • Municipality Lancaster City
  • City Lancaster
  • Zip code 17603
  • Street Address 663 Union St
  • Building Sq Ft 7,405
  • Lot Size 7405.0 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 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 can be sold with another parking lot at 409 High Street, Lancaster PA 17603 (17 spots), as a package deal for $220,000.

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