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641 S Prince St
Lancaster, PA 17603
Retail Property For Sale
Investment Highlights
- Near Lancaster downtown and to the exit of the town.
- Renovated interiors enhance the property's appeal and functionality.
- Zoned MU (Mixed Use), allowing for a variety of commercial and mixed-use applications.
- New floors, newly painted walls and new LED lighting, all renovated in 2023.
Executive Summary
Located at 641 S Prince Street in Lancaster, Pennsylvania, this 2,306-square-foot multi-tenant retail property presents an attractive investment opportunity. The property benefits from MU (Mixed Use) zoning, offering flexibility for a variety of retail, service, office, or mixed-use occupancy options. Conveniently positioned near Downtown Lancaster and major area roadways, the asset enjoys strong visibility and accessibility.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,306 SF
Building Class
B
Year Built/Renovated
1965/2023
Price
$599,000
Price Per SF
$259.76
Cap Rate
7.10%
NOI
$42,500
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.32
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
MU
Property Taxes
| Parcel Number | 334-07460-0-0000 | Improvements Assessment | $152,700 |
| Land Assessment | $35,600 | Total Assessment | $188,300 |
Property Taxes
Parcel Number
334-07460-0-0000
Land Assessment
$35,600
Improvements Assessment
$152,700
Total Assessment
$188,300
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