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$700,000
$899,000
22.1%For more information regarding the value of a property, please contact us for a free consultation.
201 W KING ST Lancaster, PA 17603
7,670 SqFt
Key Details
Sold Price $700,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,670 sqft
Price per Sqft $91
MLS Listing ID PALA2047858
Sold Date 12/20/24
Originating Board BRIGHT
Year Built 1850
Annual Tax Amount $10,201
Tax Year 2024
Lot Size 3,485 Sqft
Acres 0.08
Property Description
Sitting at the corner of W King and N Water Streets, this commercial building offers a prime opportunity for redevelopment or owner occupancy. Situated within the CB Zoning District, it enjoys a strategic location in the heart of the city's commercial hub, with the added benefits of being in the CRIZ and LERTA tax zones. Despite its unassuming appearance, this three-story property holds immense potential. Currently occupied by a month-to-month daycare tenant on the first floor, the second floor sits vacant, while the top floor features a single apartment. With essential utilities in place and excellent proximity to Lancaster's downtown scene, this property presents a practical choice for investors or businesses looking to capitalize on its central position and favorable zoning.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning CENTRAL BUSINESS
Interior
Hot Water Oil
Heating Other
Cooling None
Flooring Concrete
Heat Source Oil
Exterior
Utilities Available Water Available, Cable TV Available, Electric Available, Natural Gas Available, Sewer Available
Water Access N
Roof Type Built-Up,Flat
Accessibility Other
Road Frontage City/County
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 331-06843-0-0000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Joshua Lucas Packer • Keller Williams Elite