201 W King Street Lancaster, PA $ 995,000
201 W King Street
$ 995,000
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201 W King Street

Lancaster, PA, 17603
$ 995,000
Baths0.0 Sq 7,670

Monthly Estimate*

$ 6,613

201 W King Street, Lancaster, PA 17603 - Image 1
201 W King Street, Lancaster, PA 17603 - Image 2
201 W King Street, Lancaster, PA 17603 - Image 3
201 W King Street, Lancaster, PA 17603 - Image 4
Studio

Commercial Property for sale in Lancaster, PA

for $995,000. This 7,670 square foot building was built in 1850 on a lot size of 0.08.

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.

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Commercial Active

Price

$ 995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 10,094

Style

Apartment Building,Day Care Facility

Lot Size

0.08

Year Built

1850

Town/City

Lancaster

County/Region

Lancaster

MLS | Web ID

PALA2047858

Features
Interior
Heating Fuel Oil
Flooring Concrete
Hot Water Oil
Heating Y/N Y
Street Suffix STREET
Central Air Y/N N
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General
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 2023
Percent Ownership Fee Simple
Cool Fuel None
Municipality LANCASTER CITY
Business Type Apartment Building Day Care Facility Other
Accessibility Other
County LANCASTER
New Construction N
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 N
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.
City LANCASTER
Buyer Agent Compensation 3
Total Units 1
MLS Area Lancaster City (10533)
Lot Size Square Feet 3485.00
Waterfront Y/N N
Street Name KING
Tax Annual Amount 10094.0
Price Per Sq Ft Total 129.73
Vacation Rental Y/N N
Days on Market 72
Location Type Corner Lot/Unit
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking Off Site
Water View Y/N N
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 N
Water Oriented Y/N N
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Internal Only
Street Number 1 201
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* Excluded Features
List By
Compass Real Estate, Llc

Broker

deepa@compass-pa.com

Email

Affordability Calculator

$7,454
Per Month
89%
11%
0%
Monthly Principal & Interest
$6,613
Monthly Property Taxes
$841
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2024$995,000 Listed Price

Map


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201 W King Street, Lancaster, PA, 17603 is a Commercial Property for sale at $995,000 with 7,670 sqft and a lot size of 0.08. 201 W King Street is a studio with 0.0 baths and was built in 1850. The property's zip code is 17603 which is in Lancaster, PA