$2,750,000
50-54 N Queen & 12 W Orange St, Lancaster, PA, 17603
35,109
Square feet
0.43
Acres
Assemblage of three (3) contiguous, mixed-use buildings with total gross building area of approximately 35,000 square feet, creating an "L" shape with 45 feet of frontage on N. Queen St and 50 feet on W. Orange St. Excellent location at corner lighted intersection. Highly walkable. Property served by natural gas, electric, public sewer and public water. Located in CB1 Zoning District in Lancaster City, the commercial and cultural core of the Central Business District. Fully leased first floor retail space. Nine third-party lease agreements offer good cash flow. High demand among passive investors or properties of this type if renovated and stabilized as characterized by historically low overall capitalization rates.
Facts & Features
| MLS® # | PALA2025294 |
|---|---|
| Price | $2,750,000 |
| Bathrooms | 0.00 |
| Square Footage | 35,109 |
| Acres | 0.43 |
| Year Built | 1875 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Pending |
Community Information
| Address | 50-54 N Queen & 12 W Orange St |
|---|---|
| Area | Lancaster City (10533) |
| City | Lancaster |
| County | LANCASTER-PA |
| State | PA |
| Municipality | LANCASTER CITY |
| Zip Code | 17603 |
| Senior Community | No |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Heat Pump(s) |
|---|---|
| Cooling | Other, Central A/C |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Brick and Siding |
|---|
School Information
| District | SCHOOL DISTRICT OF LANCASTER |
|---|
Additional Information
| Date Listed | September 19th, 2022 |
|---|---|
| Days on Market | 341 |
| Zoning | CENTRAL BUSINESS CORE |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass Real Estate, LLC |
|---|---|
| Contact Info | (717) 431-8300 |