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$995,000

  • Sold
  • Closed
  • Retail
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This historic building, built just before the Civil War, is located in the robust section of Lancaster city, in the heart of ''Gallery Row'' only two blocks from Penn Square. It consists of three light-filled floors and a partial basement. Sale includes the building at 116 N Prince & "Prince Street Pop-Up Park" at 122 N Prince, which features a 32 space surface parking lot with endless development potential. It is zoned commercial and adaptable for many uses. Current owners have zoning approval for development of a boutique hotel.

Full Property Details for 116-122 N Prince St

General

  • Sold For: $995,000
  • Taxes: $20,475 (2020)
  • Status: Closed
  • Type: Retail
  • Source: BrightMLSPhilly
  • MLS ID: PALA134420
  • Added to Site: 2, 444 day(s) ago

Business

  • Business Type: Other/General Retail, Parking Lot, Restaurant/Bar, Fl

Parking

  • Total Spaces: 32
  • Parking Features: Paved Parking
  • Parking Type: On Street, Parking Lot

Location

  • Area: Lancaster City (10533)
  • County: Lancaster
  • Development Name: Downtown Lancaster
  • Subdivision: Downtown Lancaster
  • Driving Directions: Route 30 to Fruitville Pike which becomes N Prince Street. Property is on the right between Chestnut and Orange Streets.

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick, Stucco, Concrete, Stone
  • Roof: Metal, Rubber
  • Stories/Levels: 0
  • Year Built: 1860
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Multiple

Lot Features

  • Lot Size (Acres): 0.35
  • Lot Size (Sq. Ft.): 15,303
  • Lot Size Source: Estimated
  • Lot Dimensions: 0.00 x 0.00
  • Zoning: COMMERCIAL

Financial Considerations

  • Price Per Sq. Ft.: $175.62
  • Assessment Year: 2020
  • School Tax: $12,275
  • City/TownTax: $6,566
  • City/TownTax Freq: Annually
  • County Tax: $1,634
  • County Tax Freq: Annually
  • Tax w/Assessment: $561,200
  • Tax Amount: $20,475
  • Tax Year: 2020
  • Terms: Standard Sale

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes

Meet the listing and selling agents

Meet the listing and selling agents
— 116-122 N Prince St —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 116-122 N Prince St

Date
Details
Price
Change
Source
12/18/2019
Sold
$995,000
-17.08%
MLS
9/13/2019
Price Reduced
$1,200,000
-4%
MLS
6/14/2019
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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116-122 N Prince Street, Lancaster, PA 17603 (MLS# PALA134420) is a Retail property that was sold at $995,000 on December 18, 2019. This property was listed by Michael Stoltzfus Group from our Lancaster Office.Want to learn more about 116-122 N Prince Street? Do you have questions about finding other Retail real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.