For Sale
$300,000

602 St Joseph St Lancaster, PA 17603

Fully Leased, Renovated 2-Unit Investment

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional mixed-use investment property, located at 602 St Joseph St in Lancaster City, Pennsylvania, presents a compelling opportunity for value-add investors. The property, a two-story building constructed in 1870 and extensively renovated in 2019, boasts 2,368 square feet and is currently 100% occupied by two tenants. The building features a ground-floor commercial storefront and a four-bedroom, one-bathroom residential apartment on the upper level, providing a diverse income stream. Recent improvements include a new commercial storefront and facade (2019), a complete HVAC system replacement (2019), and a brand-new roof installed in 2023. The property is zoned R-3 and situated in Lancaster City's desirable SOWE District. Currently operating with below-market rents, this property offers significant potential for increased profitability through effective property management and rent adjustments. The building's strong foundation, recent upgrades, and prime location make it an attractive investment with considerable upside. The asking price is $300,000.

Property Details for 602 St Joseph St

Property type
Retail properties, Mixed-use properties
Square Feet
2,368 SF
Year Built/Renovated
1870/2019
Stories
2
Units
2

Location Insight

City
Lancaster
County
Lancaster
State
Pennsylvania
Latitude
40.032992611265
Longitude
-76.312967303096

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FAQs

What type of property is this?
Retail property - Fully Leased, Renovated 2-Unit Investment
Where is the retail property located?
The property is located at 602 St Joseph St Lancaster, PA.
What is the asking price?
The asking price for this property is $300,000.
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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Contacts

Matthew Czaus
Matthew Czaus
Visit Broker Website

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Useful Information

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St Joseph St
Lancaster, PA 17603

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Lancaster, PA 17603

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

602 St Joseph St
  • Matthew Czaus
    Matthew Czaus
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