540-542 E KING ST Active Save Request In-Person Tour Request Virtual Tour
Lancaster,PA 17603
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,528 sqft
Price per Sqft $175
MLS Listing ID PALA2058990
Originating Board BRIGHT
Year Built 1890
Available Date 2024-10-21
Annual Tax Amount $7,803
Tax Year 2025
Lot Size 7,841 Sqft
Acres 0.18
Lot Dimensions 0.00 x 0.00
Property Sub-Type Five Or More Units
Property Description
Turn Key 5 unit building(4 units/large 2 bay garage) located in Historic Downtown Lancaster City. Lancaster City rentals are in high demand and 540-542 E King St is an opportunity for you to join the amazing growth that Lancaster City is experiencing or add to your already existing portfolio. This property has 4 , large 1 bedroom apartments. In addition to the 4 units, the property offers two large garages for additional income potential or personal use. There is ample space for parking to offer to the tenants or for additional monthly revenue. ****There is an additional studio unit currently not being rented that could potentially be licensed and added to the rent roll.*****
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning RESIDENTIAL
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Wall Unit
Heat Source Electric
Exterior
Garage Spaces 2.0
Water Access N
Accessibility None
Total Parking Spaces 2
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 337-31416-0-0000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard