Outstanding investment opportunity featuring a 6-unit mixed-use property in the Northeast Corridor. 4 Residential units in updated, nice condition. Laundromat with ADA Bathroom. Restaurant in operation since 2018. Fully rented, but most rents are exceptionally low due to long-term tenants. 14 commercial washers, 10 commercial dryers. Fully licensed with approved fire escapes. (4) 1 Bedroom units all leased. Built as an apartment unit + laundromat + restaurant in 1900 with commercial-sized UGI gas lines. Apartments are nice and mostly updated- newer replacement windows. 6 security cameras 24/7 monitoring. Turnkey investment in Northeast Lancaster City. $42,000 annual net income.
Listed By
Agency Name: Kingsway Realty - Lancaster
Agency Phone: 7175698701
Shown By
Agent Name: Michael Duffy
Agent Phone: (610) 724-7255
Agency Title: Duffy Real Estate, Inc.
352 E New Street | MLS# PALA2087384
This commercial property located at 352 E New Street, Lancaster, PA 17602 is currently listed for sale with an asking price of $695,000. E New Street is located within the SCHOOL DISTRICT OF LANCASTER school district. Search Lancaster real estate on mduffy.duffyrealestate.com today.