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Fantastic investment opportunity in the Cabbage Hill/SOWE neighborhood of Lancaster City. Join the exciting developments in this area in 2021, with close proximity to downtown restaurants, galleries, and markets. There is a strong need for off-street parking in this neighborhood, as many homes do not offer off-street parking for a vehicle. This large parking lot with 18 total spaces, currently rented by long term tenants with over 8% gross ROI and minimal maintenance. Current rent is $50 per space, per month. Low maintenance required with this investment offering! This property can be sold with another parking lot at 409 High Street, Lancaster PA 17603 (17 spots), as a package deal for $220,000.
| DAYS ON MARKET | 105 | LAST UPDATED | 11/8/2021 |
|---|---|---|---|
| TRACT | CABBAGE HILL | YEAR BUILT | 1981 |
| COMMUNITY | LANCASTER CITY | COUNTY | LANCASTER |
| STATUS | Sold | PROPERTY TYPE(S) | Commercial |
| School District | SCHOOL DISTRICT OF LANCASTER |
|---|---|
| High School | MCCASKEY CAMPUS |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | LANCASTER CITY |
| CONSTRUCTION | Other |
| GARAGE | Paved Parking, Private |
| HEAT | None |
| HOA DUES | None |
| LOT | 7405 sq ft |
| LOT DIMENSIONS | 0.00 x 0.00 |
| SEWER | Public Sewer |
| SUBDIVISION | CABBAGE HILL |
| TAXES | 1887.00 |
| WATER | None |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listing provided by Berkshire Hathaway HomeServices Homesale Realty, sold by Berkshire Hathaway HomeServices Homesale Realty
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