33 Old Dorwart StLancaster, PA 17603

Property Details for 33 Old Dorwart St

Year built

1930

Construction

WOOD FRAME

Lot size

0.60 AC

Property size (Sq ft)

5,420 SF

Zone code

R3

Property type

Retail properties

Property subtype

Auto shops

APN

338-13275-0-0000

APU

3381327500000

Description

Prime Lancaster, PA investment opportunity: This 5,420 square foot industrial self-storage facility at 33 Old Dorwart St features 56 units with 100% occupancy. Built in 1930 and renovated in 2010, this single-story building sits on a 0.57-acre lot and is zoned R3. The property offers a strong cash flow with its consistently high occupancy rate, making it an attractive investment for those seeking a stable return. Located in Lancaster City, Pennsylvania (zip code 17603), this property benefits from its strategic location within a thriving market for industrial and self-storage spaces. The property's history, combined with its recent renovations, provides a unique blend of character and modern functionality. The property's APN is 338-2370132-259375-0-0000. This is a multi-tenant property offering a significant opportunity for immediate income generation and potential future growth. The property's proven track record of success makes it a compelling investment in a dynamic and growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,229,768

  6.5%

  $1,135,171

  7%

  $1,054,087

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,047,320

  Geo Method

  $859,250

• Alternative Use

  Use

  Valuation

  Residential

  $957,559

  Hospitality

  $877,119

  Educational

  $729,753

  Medical

  $754,850

  Retail

  $1,135,171

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0364

Longitude

-76.3156

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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