Bobbi Farquhar

Advisor | License ID: 603292

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$ 700,000

$ 899,000 22.1%

Est. payment -/mo

Sold on 12/20/2024

201 W KING ST Lancaster, PA 17603

7,670 SqFt

UPDATED:

Key Details

Sold Price $700,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 7,670 sqft

Price per Sqft $91

MLS Listing ID PALA2047858

Sold Date 12/20/24

Originating Board BRIGHT

Year Built 1850

Annual Tax Amount $10,201

Tax Year 2024

Lot Size 3,485 Sqft

Acres 0.08

Property Description

Sitting at the corner of W King and N Water Streets, this commercial building offers a prime opportunity for redevelopment or owner occupancy. Situated within the CB Zoning District, it enjoys a strategic location in the heart of the city's commercial hub, with the added benefits of being in the CRIZ and LERTA tax zones. Despite its unassuming appearance, this three-story property holds immense potential. Currently occupied by a month-to-month daycare tenant on the first floor, the second floor sits vacant, while the top floor features a single apartment. With essential utilities in place and excellent proximity to Lancaster's downtown scene, this property presents a practical choice for investors or businesses looking to capitalize on its central position and favorable zoning.

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning CENTRAL BUSINESS

Interior

Hot Water Oil

Heating Other

Cooling None

Flooring Concrete

Heat Source Oil

Exterior

Utilities Available Water Available, Cable TV Available, Electric Available, Natural Gas Available, Sewer Available

Water Access N

Roof Type Built-Up,Flat

Accessibility Other

Road Frontage City/County

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District School District Of Lancaster

Others

Tax ID 331-06843-0-0000

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Listed by Deepa Balepur • Compass Real Estate, LLC
Bought with Joshua Lucas Packer • Keller Williams Elite

Bobbi Farquhar

Advisor | License ID: 603292

+1(301) 752-3088

GET MORE INFORMATION