Homes for sale - 451 S PRINCE ST, Lancaster, PA 17603

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Matt Marino

[email protected] +1(215) 896-2171

$ 525,000

Est. payment -/mo

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Pending

451 S PRINCE ST Lancaster, PA 17603

8,712 Sqft Lot

UPDATED:

10/29/2024 10:44 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PALA2053314

Originating Board BRIGHT

Year Built 1936

Annual Tax Amount $4,894

Tax Year 2024

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 0.00 x 0.00

Property Description

Attention: Entrepreneurs, investors, and start-up mechanics an excellent opportunity for the acquisition of a well-balanced mixed-use asset or for those seeking a new home the garage below can offer a great source of passive income. This parcel contains a fully functioning Auto garage repair Shop with a recently renovated large apartment above for stable income or ready to move into. The real estate, appurtenances, and business come with the sale. The auto garage includes two car lifts, a welding machine, a pipe bending machine, a tire mounter and balancing machine, brake liner equipment, emissions testing equipment among inventory and other items. There is a designated paint area for minor body repairs, this shop has 3 separate bay doors servicing the front and back, 10 parking spaces, and approximately 4000 square feet of work and service space. While running a business can have its peaks and lows the apartment above can provide a stable income to supplement the business. The seller is willing to provide an executed residential lease as surety prior to settlement if desired to ensure your cash flowing day one. In addition, if you're seeking to purchase this asset as an investment or simply occupy just the apartment the same can be executed for a commercial lease as well. Finally, a credit may be provided for some finishing work that is still needed in the apartment. The apartment features a loft style, 3-bedroom, 2 full bath with an open space design that flows from the kitchen. If you're interested in this as an investment, start-up shop, or just looking for a home to buy that provides a house hack with passive income give us a call. Note: showings of the auto garage may be scheduled however showings of the apartment will be scheduled upon receipt of a written offer. 3D Photos coming soon! check back on the week of 7/15/24

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning MU - MIXED USE

Interior

Hot Water Electric

Heating Forced Air

Cooling None

Flooring Concrete, Luxury Vinyl Plank, Solid Hardwood

Inclusions Included in sale in auto shop: 2 post car lift, air compressor, transmission jack, pallet jack, engine hoist, sand blaster, bearing press, gas heater, coolant exchange machine, brake layer, oil filter inventory, oil burner heater, oil reserve tank, table grinder and brush wheel, yost bench vise, headlight alignment tool, waste oil recovery tank, parts shelves, small garage water heater, office chairs, filing cabinets, computer, and printer; In apartment: new dishwasher, stovetop

Heat Source Natural Gas

Exterior

Garage Spaces 10.0

Utilities Available Cable TV Available, Electric Available, Multiple Phone Lines, Phone Available

Waterfront N

Water Access N

View Street

Roof Type Flat

Street Surface Black Top

Accessibility None

Road Frontage City/County

Parking Type On Street

Total Parking Spaces 10

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District School District Of Lancaster

Others

Tax ID 334-92554-0-0000

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, FHA, VA, Conventional

Listing Terms Cash, FHA, VA, Conventional

Financing Cash,FHA,VA,Conventional

Special Listing Condition Standard

Listed by Stephen Hammond • Berkshire Hathaway HomeServices Homesale Realty

Matt Marino

+1(215) 896-2171

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