Your Key to the Main Line, Philadelphia, and its Surrounding Suburbs
MLS#PALA2087384
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLSCHOOL DISTRICT OF LANCASTER
Property Description
Outstanding investment opportunity featuring a 6-unit mixed-use property in the Northeast Corridor. 4 Residential units in updated, nice condition. Laundromat with ADA Bathroom. Restaurant in operation since 2018. Fully rented, but most rents are exceptionally low due to long-term tenants. 14 commercial washers, 10 commercial dryers. Fully licensed with approved fire escapes. (4) 1 Bedroom units all leased. Built as an apartment unit + laundromat + restaurant in 1900 with commercial-sized UGI gas lines. Apartments are nice and mostly updated- newer replacement windows. 6 security cameras 24/7 monitoring. Turnkey investment in Northeast Lancaster City. $42,000 annual net income.
Property Features
Property Type: Commercial -
Cooling: None
Fuel Type: Natural Gas
Heating: Hot Water
Lot Size: 0.07 Acres
Roof Type: Metal, Rubber
Taxes: $11,507
Year Built: 1900
Feature Descriptions
Days on Site: 9
Electric: 200+ Amp Service
Exterior: Brick
Flooring: Vinyl, Wood
Lot: Corner
Lot Dimensions: 0.07 Acre(S)
Municipality: LANCASTER CITY
Sewer: Public Septic
Special View Info: Street
Total Garage/Parking Spaces: 0
Units: 4
Utilities: Natural Gas Available
Water: Public
Local Schools
School District: SCHOOL DISTRICT OF LANCASTER
Listed By / Shown By
Listed By
Agency Name: Kingsway Realty - Lancaster
Agency Phone: 7175698701
Shown By
Agency Title: Duffy Real Estate, Inc.
Agency Phone: 610-667-6655
352 E New Street | MLS# PALA2087384
This commercial property located at 352 E New Street, Lancaster, PA 17602 is currently listed for sale with an asking price of $695,000. E New Street is located within the SCHOOL DISTRICT OF LANCASTER school district. Search Lancaster real estate on www.duffyrealestate.com today.