For Sale
$4,700,000

723 Prince StLancaster, PA 17603

Mixed-use, 103,672 SF, high visibility

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 103,672 square foot mixed-use property presents a compelling redevelopment opportunity in the heart of Lancaster, Pennsylvania. Situated on a 1.12-acre lot, this three-story building boasts a prime location across from Clipper Magazine Stadium, enjoying high traffic visibility with approximately 13,000 vehicles passing daily. The property currently features an auto service and showroom, along with a former tobacco warehouse, offering significant potential for adaptive reuse. Its strategic location provides convenient access from North Prince Street, West Clay Street, and North Market Street. The property is zoned for mixed-use development, aligning perfectly with the city's vision for revitalization. Further enhancing its appeal are the available LERTA and CRIZ incentives, designed to stimulate economic growth and development. Concept sketches for a multifamily conversion are available for review. The asking price for this significant property is $4,700,000. This is a rare chance to acquire a substantial property in a thriving downtown area with considerable upside potential. The property's size and location make it ideal for a variety of development projects, capitalizing on the city's ongoing growth and the high volume of daily traffic.

Highlights

  • 103,672 SF mixed-use building on a 1.12-acre lot in Lancaster, PA.
  • Prime location across from Clipper Magazine Stadium with high traffic visibility (approx. 13,000 vehicles daily).
  • Currently houses an auto service/showroom and former tobacco warehouse, ideal for adaptive reuse.
  • Mixed-use zoning allows for redevelopment, supported by LERTA and CRIZ incentives.
  • Asking price: $4,700,000.

Property Details for 723 Prince St

Property type
Mixed-use properties
Square Feet
103,672 SF
Stories
3
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Lancaster
County
Lancaster
State
Pennsylvania
Latitude
40.0494483
Longitude
-76.3093178
723 Prince St, Lancaster, Pennsylvania

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723 Prince St
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