215 Queen StLancaster, PA 17603

Property Details for 215 Queen St

Year built

1910

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 AC

Property size (Sq ft)

5,250 SF

Zone code

CB

Property type

Land

Property subtype

Commercial land

APN

336-83140-0-0000

APU

3368314000000

Description

This exceptional 0.17-acre development site in Lancaster, PA (APN 336-84744-0-0000), is zoned CB1 - Central Business Core and offers an approved plan for a 52-unit residential building. The project, priced at $995,000, boasts a pro-forma NOI of $694,104 and a 4.50% cap rate. The design incorporates 10 studio and 41 one-bedroom units, with a convenient ground-floor commercial space. Historical rents exceed $2.75 per square foot per month. Building features include a rooftop deck, high ceilings, large street-facing windows, and easy access to upper floors via a potential footbridge connection to a nearby parking garage. Located just two blocks from Lancaster Square, this property benefits from Lancaster's thriving downtown, offering residents immediate access to restaurants, nightlife, arts, markets, and parks. Lancaster City's reputation as one of the best small cities in the US, coupled with its strong employment base and pro-housing policies, makes this a highly attractive investment opportunity. The site's efficient design and high resident appeal ensure a strong return on investment. Lancaster County's rich history and diverse tourism base further enhance the property's value and appeal.

• Alternative Use

  Use

  Valuation

  Residential

  $927,525

  Hospitality

  $849,608

  Educational

  $706,864

  Medical

  $731,174

  Retail

  $1,099,566

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0417

Longitude

-76.3059

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].