851 Prince StLancaster, PA 17603

This exceptional investment opportunity presents a mixed-use property located at 851-857 S Prince St, Lancaster, PA 17603. The property, built in 1960, encompasses 9,000 square feet on a 23,958 square foot lot and is zoned for commercial use. The building features four units: three apartments currently generating rental income at 75% occupancy, and a sizable auto shop with an office. The asking price is $849,000, translating to $212,250 per unit and a price per square foot of $94.33. The property boasts a strong net operating income (NOI) of $85,200, resulting in an attractive 10.04% capitalization rate. Its strategic location offers high visibility and convenient access, situated near downtown Lancaster and adjacent to a planned business development site. This fee simple ownership presents a compelling opportunity for investors seeking a blend of residential and commercial income streams in a rapidly developing area. The property's size and existing infrastructure provide significant potential for future growth and value appreciation. The auto shop space offers flexibility for owner-occupancy or additional rental income. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving Pennsylvania market.