Address
201 W King Street, Lancaster, PA
Price
$ 995,000
Property Attributes
- MLS#PALA2047858
- TypeCommercial
- CountyLANCASTER
- CityLancaster
- AreaLancaster City
- Zip17603
- StyleApartment Building,Day Care Facility
- Year Built1850
- Taxes$ 10094
- Price$ 995,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage7670
- Lot Size3,485 SqFt
Data Source:
Bright MLS
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.
| Price History | |
|---|---|
| 3/7/2024 | Listed $995,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Other |
| Cooling | None |
| Utilities | Water Available,Cable TV Available,Electric Available,Natural Gas Available,Sewer Available |
| Possession | Settlement,Subject to Existing Lease |
| Roof | Built-Up,Flat |
| Zoning | CENTRAL BUSINESS |
| Construction Materials | Brick |
| Year Built | 1850 |
| Electric | 220 Volts |
| Property SubType | Mixed Use |
| Tax Year | 2022 |
| Percent Ownership | Fee Simple |
| Cool Fuel | None |
| Business Type | Apartment Building,Day Care Facility,Other |
| Accessibility | Other |
| County | LANCASTER |
| New Construction | No |
| Property Type | Commercial Sale |
| Possible Use | Apartment Building,Barber/Beauty,Other,Commercial,Florist/Nursery,Food & Beverage,Hotel/Motel,Laundromat,Liquor Store,Medical/Dental,Office,Residential,Restaurant,Retail,Special Purpose,Bar/Tavern/Lo |
| Water Access Y/N | No |
| Status | ACTIVE |
| Directions | N. Prince Street (Rt 222) to Right on W Orange Street. First Left on N Water Street. Property on right,corner of N Water Street and W King Street. |
| ModificationTimestamp | 2024-03-07T12:23:04 |
| City | LANCASTER |
| Buyer Agent Compensation | 3 |
| Total Units | 1 |
| MLS Area | Lancaster City (10533) |
| Lot Size Square Feet | 3485.00 |
| Tax Assessed Value | 255100.0 |
| Waterfront Y/N | No |
| Street Name | KING |
| Tax Annual Amount | 10094.0 |
| Price Per Sq Ft | 129.73 |
| Vacation Rental Y/N | No |
| Days on Market | 41 |
| Location Type | Corner Lot/Unit |
| Standard Status | Active |
| Year Built Source | Assessor |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Oil |
|---|---|
| Flooring | Concrete |
| Hot Water | Oil |
| Heating Y/N | Yes |
| Street Suffix | STREET |
| Central Air Y/N | No |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | Off Site |
| Land Use Code | 546 |
| Water View Y/N | No |
| Building Area Total | 7670.00 |
| Lot Size Acres | 0.08 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Road Responsibility | City/County |
| Land Assessed Value | 70300.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
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
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