About 301 E Liberty St
Redevelopment site for sale consisting of 2.3 acres of land in Lancaster City with improved buildings. The zoning was successfully changed to Mixed Use recently which will allow for a potential density of 148 apartment units. Current income from existing use is $300,000 NOI approximately, which provides great income during plans for redevelopment. The site consists of a 3 story building which is currently a mix of office and industrial uses on the east end of the parcel, and a collection of industrial buildings on the west end of the parcel. Architectural renderings show a 104 unit apartment building on the west end which would call for the removal of industrial buildings. There are also plans for the renovation of existing buildings on the east end to accommodate an additional 44 units. The existing parking plan provides 126 parking spaces on site. A parking variance would be required to provide relief from the parking requirement of 1 space per unit. Contact listing agent for pro forma operating income and expenses.
Features of 301 E Liberty St
| MLS® # | PALA2047158 |
|---|---|
| Price | $5,300,000 |
| Bathrooms | 0.00 |
| Square Footage | 67,000 |
| Acres | 2.30 |
| Year Built | 1922 |
| Type | Commercial Sale |
| Sub-Type | Five Or More Units |
| Status | Active |
Community Information
| Address | 301 E Liberty St |
|---|---|
| Area | Lancaster City (10533) |
| City | LANCASTER |
| County | LANCASTER-PA |
| State | PA |
| Zip Code | 17602 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Other |
|---|---|
| Cooling | Other |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Roof | Rubber, Metal |
School Information
| District | SCHOOL DISTRICT OF LANCASTER |
|---|
Additional Information
| Date Listed | February 21st, 2024 |
|---|---|
| Days on Market | 66 |
| Zoning | MIXED USE |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Listing Agent | Naomi Brown |
|---|---|
| Listing Office | Capstone Commercial |
| Listing Office Phone | 7178192825 |