• 7 Units
• Unknown Sq Ft
• 11,326 Sq Ft
• Unknown Cap Rate

Description

New Listing | 126–128 N. Pine St. & 139 Nevin St., Lancaster
Investor Alert! A rare opportunity has become available in Lancaster’s highly desirable Chestnut Hill neighborhood. This unique property package combines an 8-unit apartment building, a 12,000+ square-foot warehouse, and a 2-car garage—an exceptional chance to secure both income-producing assets and redevelopment potential in one of the city’s most sought-after areas.
The existing 8-unit apartment building at 126–128 N. Pine Street is fully established, featuring a mix of one-bedroom units and efficiency apartments. This building provides a reliable foundation of rental income and is well positioned to benefit from the strong demand for housing in Lancaster’s West End. The apartments are conveniently located within walking distance of Central Market, the Fulton Theatre, restaurants, coffee shops, and cultural destinations that continue to drive interest in this vibrant neighborhood.
Adjacent to the apartment building is the two-story, 12,000+ square-foot brick and block warehouse. With its solid construction and impressive size, this warehouse is a prime renovation project offering nearly limitless potential. Located in Lancaster’s High Density Residential (R-4) Zoning District, the property invites creative redevelopment options, including residential conversions, loft apartments, or some mixed-use possibilities. Investors with vision will recognize this as an outstanding opportunity to add significant value in a rapidly appreciating market.
Also included in the package is a separate 2-car garage, providing additional utility and value. Some off-street parking is available, a highly desirable feature for both current tenants and any future redevelopment projects.
The Chestnut Hill location only adds to the appeal. Known for its tree-lined streets, historic homes, and welcoming sense of community, this neighborhood is one of Lancaster’s most cherished. With continued revitalization throughout the city, properties in this area have seen sustained growth in demand and value.
Whether your goal is to maintain the steady income from the existing apartments, reimagine the warehouse into high-value residential units, or create a mixed-use project that blends housing with commercial potential, this property offers extraordinary flexibility and long-term upside.
Opportunities like this in Lancaster City are increasingly rare. With an 8-unit building providing immediate income, plus a warehouse ready for redevelopment in a zoning district designed for density, this listing is tailor-made for the savvy investor or developer seeking their next project.