Back to Search
301 E Liberty St
For Sale $4,500,000
$4,500,000
- 0 Units
- Unknown Sq Ft
- 100,188 Sq Ft
- Unknown Cap Rate
Description
This site consists of a mixed use property with a 3 story building which is currently a mix of office and industrial
uses on the east end of the parcel, and a collection of industrial buildings on the west
end of the parcel. Most Industrial uses have drive ins, and a few have dock doors.
Current income from existing use is $300,000 NOI approximately, which provides great income during plans for redevelopment. Most leases are on 1-2 year terms, allowing flexibility for redevelopment.
Great opportunity for a redevelopment into self storage or apartments, with land consisting of 2.3 acres in Lancaster City with improved buildings. The zoning was successfully changed to Mixed Use recently which will allow for a potential density of 148 apartment units.
Architectural renderings show a 104 unit apartment building on the west end which
would call for the removal of industrial buildings. There are also plans for the renovation
of existing buildings on the east end to accommodate an additional 44 units. The
existing parking plan provides 126 parking spaces on site. A parking variance would be
required to provide relief from the parking requirement of 1 space per unit.
Self Storage is also a permitted use limited to 20,000 SF per parcel.
Owner will consider seller financing for qualified buyers with a 30% down payment. Contact listing agent for pro forma operating income and expenses.
Loading map...
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $4,500,000 |
| Property Type | Industrial |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1922 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 3360512300000 |
| MLS # | PALA2047158 |
| Property ID | 320222629 |
| Lot Sqft | 100,188 |
| Zoning | MIXED USE |
| Days on Market | 353 |
| Original List Price | Unknown |
| Date Updated | January 07, 2025 |
| Date Created | February 20, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Naomi E Brown an agent of Capstone Commercial. Lic #RM425406
© 2025 Copyright BRIGHT, All Rights Reserved
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.
Information Deemed Reliable But Not Guaranteed
Data last updated: February 07, 2025.
Robert Crawford
REAL ESTATE AGENT