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101 E King St
Lancaster, PA 17602
Multifamily Property For Sale
·
7,938 SF
Investment Highlights
- Six one-bedroom apartments plus a leased restaurant space currently occupied by Silantro Restaurant.
- Located one block from Penn Square and Lancaster Convention Center, offering strong connectivity to core city amenities.
- Projected Net Operating Income of approximately $85,668 based on current figures.
- Restaurant tenant pays fixed rent of $3,900 per month plus utilities, with lease secured through 2030.
- CB1 zoning permits multiple uses, including approved short-term rental operations.
- Improved property includes unfinished basement area for additional storage or future utilization.
Property Facts
| Property Type | Multifamily | Building Size | 7,938 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Building Class | C | Year Built | 1900 |
| Lot Size | 0.12 AC | ||
| Zoning | CB1 - Commercial | ||
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 7,938 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | CB1 - Commercial |
Amenities
Site Amenities
- 24 Hour Access
Property Taxes
| Parcel Number | 332-50957-0-0000 | Improvements Assessment | $294,600 |
| Land Assessment | $81,200 | Total Assessment | $375,800 |
Property Taxes
Parcel Number
332-50957-0-0000
Land Assessment
$81,200
Improvements Assessment
$294,600
Total Assessment
$375,800
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