Address
463 S Prince Street, Lancaster, PA
Price
$ 325,000
Property Attributes
- MLS#PALA2049974
- TypeMulti-Family
- CountyLANCASTER
- CityLancaster
- AreaLancaster City
- Zip17603
- Style
- Year Built1880
- Taxes$ 6952
- Price$ 325,000
- Bedrooms2
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1,742 SqFt
Data Source:
Bright MLS
Property Description
Mixed-Use Gem with Lucrative Potential Welcome to this fantastic mixed-use property located just a block away from downtown Lancaster City! This versatile building offers an exciting opportunity for investors or owner-occupants looking to make their mark in a thriving urban setting. The property is currently tenant occupied. The tenant is paying $1600 per month. Tenant pays all utilities. Commercial Space: The first floor features an unfinished commercial space ready for your vision. With just a bit of closing up and personal touches, this area can become the perfect storefront, office, or studio space, attracting foot traffic from the bustling downtown area. Residential Oasis: Upstairs, discover a beautifully renovated 2-bedroom, 2-floor apartment with an open floor plan. This modern living space boasts ample natural light, contemporary finishes, and a layout designed for comfort and convenience. Lucrative Potential: This property presents a golden opportunity for investors to maximize returns. The combination of a prime location, mixed-use zoning, and a booming local economy makes this investment incredibly promising. Parking Convenience: No need to worry about parking in the city this property comes with 2 off-street parking spots, a coveted amenity for residents and customers alike. Prime Location: Enjoy the best of city living with easy access to major highways and a vibrant downtown scene just steps away. Explore local shops, restaurants, entertainment venues, and cultural attractions at your leisure. Don't miss out on this exceptional opportunity to own a mixed-use property with the potential for lucrative returns. Schedule a showing today and envision the endless possibilities!
| Price History | |
|---|---|
| 4/23/2024 | Listed $325,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Forced Air,Wall Unit |
| Cooling | None |
| Utilities | Cable TV Available,Electric Available,Natural Gas Available,Sewer Available,Water Available |
| Possession | Settlement |
| Appliances | Commercial Range,Dishwasher,Oven - Double,Refrigerator |
| Zoning | MIXED-USE |
| Architectural Style | Other |
| Construction Materials | Masonry |
| Year Built | 1880 |
| Property SubType | Duplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| OwnerPays | Water,Trash Collection |
| Accessibility | None |
| County | LANCASTER |
| Operating Expense | 1200.00 |
| New Construction | No |
| Property Type | Multi-Family |
| Garage Y/N | No |
| Water Access Y/N | No |
| Other Structures | Above Grade |
| Status | ACTIVE |
| Directions | Take 222 South to Hazel street |
| ModificationTimestamp | 2024-05-08T16:19:40 |
| City | LANCASTER |
| Buyer Agent Compensation | 2.5 |
| Zoning Description | Commercial Space on the 1st floor. Apartment on the 2nd floor. |
| Total Units | 2 |
| MLS Area | Lancaster City (10533) |
| Lot Size Square Feet | 1742.00 |
| Tax Assessed Value | 175700.0 |
| Waterfront Y/N | No |
| Street Name | PRINCE |
| Tax Annual Amount | 6952.0 |
| Property Condition | Very Good |
| Trash Expense | 1080.00 |
| Two Bedroom | 1 |
| Structure Type | Twin/Semi-Detached |
| Single Room Units Count | 1 |
| NumberOfUnitsVacant | 2 |
| Price Per Sq Ft | 102.85 |
| Vacation Rental Y/N | No |
| Total SQFT | 3160 |
| Days on Market | 17 |
| Lease Type | None |
| Standard Status | Active |
| Year Built Source | Assessor |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Electric,Natural Gas Available |
|---|---|
| Hot Water | Natural Gas |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Street Suffix | STREET |
| Central Air Y/N | No |
| LivingAreaSource | Estimated |
Exterior Features
| Pool Y/N | No Pool |
|---|---|
| Water Source | Public |
| Type of Parking | Parking Lot |
| Foundation Details | Other |
| Water View Y/N | No |
| Lot Dimensions | 0.00 x 0.00 |
| Lot Size Acres | 0.04 |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| LotDimensionsSource | Assessor |
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 Multi-Family Average in 17603
Price
Taxes
Visits
Year Built
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