For Sale
$899,000

624 Queen St Lancaster, PA 17603

Five-unit building, ample parking, high occupancy.

Overview

Added:
Feb 3
Days on market:
81
This exceptional multi-family investment opportunity is located at 624 S Queen Street in Lancaster, Pennsylvania. The property boasts a substantial 4,782 square feet of building space situated on a generous 0.63-acre lot. The property currently comprises five fully leased residential units, providing immediate and consistent cash flow. A significant advantage is the inclusion of ten garages, offering valuable additional income potential or tenant amenities. Beyond the building itself, the property features a sizable parking lot and a large, open area. This expansive vacant land presents a unique opportunity for future development, allowing for potential expansion of the existing structure or the addition of further units to increase density and rental income. The property's prime location, just minutes from Lancaster City Square, ensures high demand and easy access to local amenities, transportation, and employment centers. This is a rare chance to acquire a well-maintained, income-producing multi-family property with significant upside potential in a thriving Lancaster market. The substantial lot size and existing infrastructure make this an attractive proposition for both seasoned investors and those seeking a strong entry point into the commercial real estate market. All units are currently occupied under lease agreements.

Property Details for 624 Queen St

Property type
Multifamily properties
Square Feet
4,782 SF
Year Built
1900
Lot Size (sq. ft)
27,443 SF

Location Insight

City
Lancaster
County
Lancaster
State
Pennsylvania
Latitude
40.02733
Longitude
-76.30396

FAQs

What type of property is this?
Multifamily property - Five-unit building, ample parking, high occupancy.
Where is the multifamily property located?
The property is located at 624 Queen St Lancaster, PA.
What is the asking price?
The asking price for this property is $899,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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624 Queen St
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