534 W James St, LANCASTER, PA

$1,650,000

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5,879

Square feet

0.06

Acres

About 534 W James St

Prime Investment Opportunity: 11-Unit Property at 534 W. James Street, Lancaster, PA Discover an exceptional investment opportunity in the heart of Lancaster, PA, with this impressive 11-unit property located at 534 W. James Street. Situated in a vibrant neighborhood close to prestigious institutions such as F&M College and Lancaster Theological Seminary, as well as a plethora of dining, entertainment, and recreational options, this property promises not only lucrative returns but also a desirable location for tenants seeking convenience and culture. The Location: Convenience meets culture at 534 W. James Street. Nestled within walking distance to many great restaurants, coffee shops, and brew pubs, tenants will have easy access to Lancaster's culinary and social scene. Moreover, the property's proximity to Buchanan Park offers tenants a serene retreat for outdoor leisure activities. Within a short walk, residents can explore galleries, visit the historic Central Market, or enjoy an evening out at local brew pubs, making this location highly desirable for urban living enthusiasts. The Property: Boasting a mix of studio, one-bedroom, and two-bedroom units, this investment property caters to a diverse range of tenants, ensuring high occupancy rates and steady cash flow. Each unit is thoughtfully designed to maximize comfort and functionality. Safety and Compliance: Investors can rest assured knowing that the property is fully equipped with sprinkler systems for added safety, meeting the highest standards of fire protection. Additionally, the property is licensed by the City of Lancaster, ensuring compliance with local regulations and providing peace of mind to both owners and tenants alike. Income Potential: With its prime location and attractive unit mix, 534 W. James Street presents an exceptional income-generating opportunity for savvy investors. The property's proximity to academic institutions makes it particularly appealing to students and faculty members seeking off-campus housing. Additionally, the bustling neighborhood and array of nearby amenities ensure a steady stream of potential tenants year-round. Conclusion: Don't miss out on the chance to add this lucrative investment property to your portfolio. Whether you're a seasoned investor looking to expand your holdings or a first-time investor seeking a promising opportunity, 534 W. James Street offers the perfect combination of location, income potential, and safety.

Features of 534 W James St

MLS® # PALA2049324
Price $1,650,000
Bathrooms 0.00
Square Footage 5,879
Acres 0.06
Year Built 1890
Type Commercial Sale
Sub-Type Five Or More Units
Status Active Under Contract

Community Information

Address 534 W James St
Area Lancaster City (10533)
Subdivision COLLEGE HILL
City LANCASTER
County LANCASTER-PA
State PA
Zip Code 17603

Amenities

Utilities Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Is Waterfront No

Interior

Heating Baseboard - Electric
Cooling Window Unit(s), Multi Units
Has Basement No
Fireplace No

Exterior

Exterior Brick and Siding
Foundation Stone

School Information

District SCHOOL DISTRICT OF LANCASTER
Elementary WHARTON
Middle JOHN F REYNOLDS
High MCCASKEY CAMPUS

Additional Information

Date Listed April 9th, 2024
Days on Market 38
Zoning R-4
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

Listing Agent Gilbert Lyons Jr
Listing Office RE/MAX Pinnacle
Listing Office Phone 7175692222

Listing Map

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