13 Market StYork, PA 17401

Property Details for 13 Market St

Year built

1900

Lot size

0.16 AC

Property size (Sq ft)

11,760 SF

Zone code

CM

Property type

Investment properties

Property subtype

Retail residential properties

APN

02-021-01-0006.00-00000

APU

20210100060000000

Description

This three-story, 15,000-square-foot mixed-use building, constructed in 1900, presents a compelling value-add investment opportunity in York, Pennsylvania. Located at 13 West Market Street, this Class B property sits on a 0.15-acre lot and boasts 13,000 square feet of net rentable space, currently priced at $32 per square foot, with an asking price of $480,000. The building features a mix of commercial and multifamily potential, currently occupied on the first floor by Liberty Tax. The upper two floors are vacant, offering significant upside potential for either additional office space or conversion into apartments. The property is zoned for commercial use and includes an elevator and convenient back entrance off Cherry Lane alley. This fee-simple ownership offers a rare chance to acquire a well-located building in a vibrant area of York City, allowing for diverse income streams and future development. The building's brick exterior and central location within the West Market Street block of the square contribute to its strong visual appeal and potential for high occupancy rates. This is an excellent opportunity for investors seeking to add a substantial, mixed-use property to their portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $2,599,131

  6.5%

  $2,399,198

  7%

  $2,227,826

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,589,260

  Geo Method

  $1,146,724

• Alternative Use

  Use

  Valuation

  Residential

  $2,399,198

  Hospitality

  $2,197,652

  Educational

  $1,828,421

  Medical

  $1,891,303

  Retail

  $2,844,210

Location Insight

City

York

County

York

State

Pennsylvania

Latitude

39.963

Longitude

-76.7272

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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