301 E LIBERTY Street

301 E LIBERTY Street Lancaster, 賓夕法尼亞州 17602 美國

Redevelopment site for sale consisting of 2.3 acres of land in Lancaster City withimproved buildings. The zoning was successfully changed to Mixed Use recently whichwill allow for a potential density of 148 apartment units.Current income from existing use is $300,000 NOI approximately, which provides great income during plans for redevelopment. The site consists of a 3 story building which is currently a mix of office and industrialuses on the east end of the parcel, and a collection of industrial buildings on the westend of the parcel.Architectural renderings show a 104 unit apartment building on the west end whichwould call for the removal of industrial buildings. There are also plans for the renovationof existing buildings on the east end to accommodate an additional 44 units. Theexisting parking plan provides 126 parking spaces on site. A parking variance would berequired to provide relief from the parking requirement of 1 space per unit.Contact listing agent for pro forma operating income and expenses.

Listing Courtesy of Capstone Commercial

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