207 King StLancaster, PA 17603

Property Details for 207 King St

Year built

1890

Construction

BRICK

Lot size

0.12 AC

Property size (Sq ft)

4,493 SF

Zone code

R4

Property type

Office properties

Property subtype

Other office properties

APN

332-19511-0-0000

APU

3321951100000

Description

This exceptional investment opportunity presents a fully leased, eight-unit apartment building situated at 207 W King St in Lancaster, Pennsylvania, 17603. The property boasts a total of 2,424 square feet and is priced at $649,000, translating to $267.74 per square foot and $81,125 per unit. The building comprises a diverse mix of rental units, including a ground-level commercial/retail space, two apartments, and five individually leased boarding rooms, ensuring a consistent income stream. Its enviable location places it within a block of the vibrant Fulton Theater and the bustling Lancaster Central Market, offering tenants easy access to cultural attractions, dining, and shopping. This prime downtown Lancaster location promises strong rental demand and potential for future appreciation. The property consists of one building and offers a compelling return on investment for discerning buyers seeking a well-maintained, income-producing asset in a thriving urban setting. Financial details are available upon request. This is a rare opportunity to acquire a multifamily property in a highly desirable location with a proven track record of occupancy. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $693,495

  6.5%

  $640,149

  7%

  $594,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $344,521

  Geo Method

  $282,655

• Alternative Use

  Use

  Valuation

  Residential

  $793,784

  Hospitality

  $727,102

  Educational

  $604,941

  Medical

  $625,745

  Retail

  $941,019

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0388

Longitude

-76.301

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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