31 Lime StLancaster, PA 17602

Property Details for 31 Lime St

Year built

1880

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.30 AC

Property size (Sq ft)

5,044 SF

Zone code

R3

Property type

Office properties

APN

333-25761-0-0000

APU

3332576100000

Description

This exceptional 5,028 square foot office building is ideally situated in Lancaster City's Mussertown neighborhood, just blocks from the Central Business District. The property, located at 31 S Lime St, Lancaster, PA 17602, is zoned R3 and offers a single-tenant occupancy. Previously utilized for medical and service-oriented businesses, the building underwent a comprehensive renovation between late 2020 and 2021 by the current owner-occupant, Lancaster Maternal Fetal Medicine. This renovation ensures the property is in excellent condition and ready for immediate occupancy. The building's versatile layout makes it suitable for a variety of professional uses, including traditional office space and medical practices. The current owner is prepared to vacate the premises, presenting a unique opportunity for a single tenant to secure a well-maintained, centrally located office space in a thriving Lancaster community. The property's convenient location offers easy access to major transportation routes and a wealth of amenities. This is a rare chance to acquire a move-in ready office building in a highly desirable area. Contact us today to schedule a viewing.

• CAP approach

  CAP return

  Valuation

  6%

  $778,541

  6.5%

  $718,654

  7%

  $667,321

• Comparable approach

  Method

  Valuation

  Relative Method

  $386,772

  Geo Method

  $317,318

• Alternative Use

  Use

  Valuation

  Residential

  $891,130

  Hospitality

  $816,271

  Educational

  $679,128

  Medical

  $702,484

  Retail

  $1,056,421

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0375

Longitude

-76.3008

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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