624 Queen StLancaster, PA 17603

Property Details for 624 Queen St

Year built

1900

Lot size

0.63 AC

Property size (Sq ft)

4,782 SF

Property type

Other multifamily properties

Property subtype

Residential income properties

Description

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.

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0273

Longitude

-76.304

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