Address
773 Manor Street, Lancaster, PA
Price
$ 895,000
Property Attributes
- MLS#PALA2045832
- TypeCommercial
- CountyLANCASTER
- CityLancaster
- AreaLancaster City
- Zip17603
- StyleConvenience Store/Gas,Day Care Facility,/General R
- Year Built1952
- Taxes$ 13160
- Price$ 895,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3056
- Lot Size0.31 Acres
Data Source:
Bright MLS
Property Description
Fantastic opportunity to own an income producing building with two possible rental units zoned C-2. There are two parcels included in the sale. 773 Manor St. (338-02483-0-0000) and 774 Crystal St. (338-98651-0-0000) The front unit has been rented to a national pizza chain for about 35 years. The lease is for $3027.77 per month. The tenant is also responsible for all utilities, taxes and repairs. The rear unit was rented to a daycare for $1500 until a few years ago. This figure was used in the total income that is listed. The front unit's lease will go month to month when it expires 4/30/24. Monthly payment will increase by 10% at that time. No sign on Property!
| Price History | |
|---|---|
| 1/23/2024 | Listed $895,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air |
| Cooling | Central A/C |
| Possession | 31-60 Days CD,61-90 Days CD |
| Roof | Flat,Rubber |
| Zoning | COMMERCIAL |
| Construction Materials | Block |
| Exclusions | All business owned equipment |
| Year Built | 1952 |
| Property SubType | Retail |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| OwnerPays | Insurance |
| Business Type | Convenience Store/Gas,Day Care Facility,Other/General Retail,Health Club,Professional,School,Supermarket/Grocery Store |
| Accessibility | 32 + wide Doors |
| County | LANCASTER |
| Net Operating Income | 51651.00 |
| Insurance Expense | 1135.00 |
| New Construction | No |
| Property Type | Commercial Sale |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | On the corner of 5th and Manor St. |
| ModificationTimestamp | 2024-04-19T13:02:03 |
| City | LANCASTER |
| Buyer Agent Compensation | 3 |
| Zoning Description | C-2 |
| MLS Area | Lancaster City (10533) |
| Lot Size Square Feet | 13504.00 |
| Tax Assessed Value | 332600.0 |
| Waterfront Y/N | No |
| Street Name | MANOR |
| Tax Annual Amount | 13160.0 |
| Property Condition | Very Good |
| Price Per Sq Ft | 292.87 |
| Acceptable Financing | Cash,Bank Portfolio,Conventional |
| Historic Y/N | No |
| Vacation Rental Y/N | No |
| Virtual Tour | https://gressphotography.com/773-Manor-St/idx |
| Days on Market | 88 |
| Location Type | Urban |
| Standard Status | Active |
| Year Built Source | Assessor |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Electric |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | Yes |
Exterior Features
| Parking Features | Paved Parking |
|---|---|
| Water Source | Public |
| Total Parking Spaces | 20 |
| Type of Parking | Parking Lot |
| Land Use Code | 549 |
| Water View Y/N | No |
| Building Area Total | 3056.00 |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.31 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 66600.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
| Car Parking Spaces | 20 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 17603
Price
Taxes
Visits
Year Built
© BRIGHT, All Rights Reserved
