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    409 High Street

    LANCASTER, PA 17603
    • $100,000
    • STATUS: Active
    • ON SITE: 110 days
    • ID#: PALA161162
    UPDATED: 52 min ago
    $100,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1981
    County:

    School Ratings & Info

    School District:

    Description

    Fantastic investment opportunity. Two parking lots in Lancaster City in one deal, 200K with 86% of spots currently rented by long term tenants with over 8% gross ROI and minimal maintenance. Union Street parking lot has 18 spots, 13 currently rented at $45 / month. High Street lot located has 17 parking spaces and 100% rented at $45 /month, with a waiting list to rent when openings available. Minimal maintenance required including snow removal, and small grass strip to mow. Gross ROI is over 8% with minimal maintenance offering an excellent opportunity for cash investment during times of less than 1% Money Market returns. An option for a structured sale is also available, for details contact listing agent. This opportunity will not last long. 663-673 Union Street, see MLS number pala161172

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Joy Daniels Real Estate Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-07-05T06:50:48.577.
    www.centralpahomehunter.com/homes/104210738
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    409 High Street LANCASTER, PA 17603

    • Price: $100,000
    • Status: Active
    • Updated: 52 min ago
    • ID#: PALA161162
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1981
    Built
    Neighborhood:
    Lancaster City (10533)
    County:
    Lancaster
    Area:
    Lancaster City (10533)
    School District:
    School District Of Lancaster
    Property Description
    Fantastic investment opportunity. Two parking lots in Lancaster City in one deal, 200K with 86% of spots currently rented by long term tenants with over 8% gross ROI and minimal maintenance. Union Street parking lot has 18 spots, 13 currently rented at $45 / month. High Street lot located has 17 parking spaces and 100% rented at $45 /month, with a waiting list to rent when openings available. Minimal maintenance required including snow removal, and small grass strip to mow. Gross ROI is over 8% with minimal maintenance offering an excellent opportunity for cash investment during times of less than 1% Money Market returns. An option for a structured sale is also available, for details contact listing agent. This opportunity will not last long. 663-673 Union Street, see MLS number pala161172
    Exterior Features

    Construction Materials Other Garage YN No Lot Features Additional Lot(S)Road Frontage Parking Features FencedLighted ParkingPaved ParkingPrivate Parking Types Parking Lot Property Condition Good Riparian Rights YN No Road Surface Type Black Top Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 0.00 Cooling None Heating None Inclusions Parking Lot Located At 663-673 Union Street RearLancaster. Net Square Feet 4356.00

    Property Features

    Acceptable Financing CashContractConventionalInstallment SaleNegotiableOther Accessibility Features None Assessment Year 2020 Association YN No Business Type Parking Lot Central Air YN No Cooling Fuel None Heating Fuel None Hot Water None Incorporated City Name Lancaster City Navigable Water YN N New Construction YN No Operating Expense Includes LandscapingRepair/MaintenanceSnow Removal Original MLSNumber 304065767306 Owner Pays Lawn/Shrub CareRepairsSnow RemovalTaxes - Personal PropertyTaxes - Real Estate Ownership Interest Other Possession Immediate Property Sub Type Other Sale Type Standard Sewer No Sewer SystemNo Septic System Tax Annual Amount 1740.00 Tax Assessment Amount 47700.00 Vacation Rental YN No Water Source None Zoning Commercial

    Listing courtesy of Berkshire Hathaway Homeservices Homesale Realty.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Joy Daniels Real Estate Group. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-07-05T06:50:48.577.
     
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    The Joy Daniels Real Estate Group
    2793 Old Post Road
    Harrisburg PA, 17110