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555 N Charlotte St
Lancaster, PA 17603
Land For Sale
·
3.05 AC
Investment Highlights
- 3.057-acre parcel zoned Mixed Use (MU) in the City of Lancaster.
- Located within walking distance of Franklin & Marshall College and Lancaster General Hospital.
- Existing improved property to be razed for redevelopment; utilities include water, sewer, electric, and natural gas.
- Conceptual site plans allow for 250 to 279 multi-family units.
- This site offers a significant development advantage in that there are no tapping or connection fees for water and sanitary sewer.
- On-site parking plan accommodates approximately 230 spaces.
Executive Summary
The location offers unmatched connectivity and demand drivers. Directly adjacent to Franklin & Marshall College, the property is within walking distance to Lancaster General Hospital (Penn Medicine), the Fulton Theatre, Lancaster Central Market, and some of the city’s top dining and cultural destinations. Harrisburg Avenue and key arterial roads link the project to major regional highways, while proximity to downtown Lancaster ensures appeal to both professionals and families seeking walkable amenities. This redevelopment supports Lancaster's continued growth trend and delivers investors and developers a premier opportunity to create a transformative residential community.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.05 AC |
| Property Type | Land | ||
| Zoning | MU - Mixed Used | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 3.05 AC |
| Zoning | MU - Mixed Used |
1 Lot Available
Lot
| Price | $7,950,000 | Lot Size | 3.05 AC |
| Price Per AC | $2,606,557.38 |
| Price | $7,950,000 |
| Price Per AC | $2,606,557.38 |
| Lot Size | 3.05 AC |
3.057-acre MU-zoned lot in Lancaster’s northwest corridor, ideal for multi-family redevelopment with plans for 250–279 units. Utilities available, on-site parking, near college, hospital, and city amenities.
Description
The property is situated on North Charlotte Street in Lancaster, PA, encompassing approximately 3.057 acres within the city limits. It is zoned MU (Mixed Use) and currently contains existing structures from a former lumberyard operation. The parcel lies in the northwest corridor of Lancaster City with proximity to Franklin & Marshall College, Penn Medicine Stadium, and major thoroughfares such as Harrisburg Avenue. Surrounding land uses include institutional, retail, and residential. Public utilities including electric (PPL), natural gas (UGI), and water/sewer (City of Lancaster) are available at the site.
Property Taxes
| Parcel Number | 339-64076-1-0500 | Improvements Assessment | $603,100 |
| Land Assessment | $0 | Total Assessment | $603,100 |
Property Taxes
