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201 W King Street, Lancaster, PA 17603
$995,000
201 W King Street, Lancaster, PA 17603View this property at 201 W King Street, Lancaster, PA 17603
201 W King StreetLancasterPA17603
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Property Description
Sitting at the corner of W King and N Water Streets, this commercial building offers a prime opportunity for redevelopment or owner occupancy. Situated within the CB Zoning District, it enjoys a strategic location in the heart of the city's commercial hub, with the added benefits of being in the CRIZ and LERTA tax zones. Despite its unassuming appearance, this three-story property holds immense potential. Currently occupied by a month-to-month daycare tenant on the first floor, the second floor sits vacant, while the top floor features a single apartment. With essential utilities in place and excellent proximity to Lancaster's downtown scene, this property presents a practical choice for investors or businesses looking to capitalize on its central position and favorable zoning.
Full Property Details
Full Property Details for 201 W King St
General
- Price: $995,000
- Taxes: $10,094 (2022)
- Status: Active
- Type: Apartment
- MLS ID: PALA2047858
- Updated: 3/7/2024
- Added to Site: 52 day(s) ago
Business
- Business Type: Apartment Building, Day Care Facility, Other
Interior
- Flooring: Concrete
Parking
- Parking Type: Off Site
Location
- Area: Lancaster City (10533)
- Municipality: LANCASTER CITY
- County: Lancaster
- Driving Directions: N. Prince Street (Rt 222) to Right on W Orange Street. First Left on N Water Street. Property on right, corner of N Water Street and W King Street.
- Location Details: Corner Lot/Unit
Heating & Cooling
- Cooling Type: None
- Heating Type: Other
- Heating Fuel: Oil
- Water Heater: Oil
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Water Available, Cable TV Available, Electric Available, Natural Gas Available, Sewer Available
Structural Information
- Construction: Brick
- Roof: Built-Up, Flat
- Stories/Levels: 0
- Year Built: 1850
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.08
- Lot Size (Sq. Ft.): 3,485
- Lot Size Source: Assessor
- Zoning: CENTRAL BUSINESS
Financial Considerations
- Price Per Sq. Ft.: $129.73
- Assessment Year: 2023
- Tax w/Assessment: $255,100
- Tax Amount: $10,094
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Ownership: Fee Simple
Listed by Compass Real Estate, LLC, Deepa Balepur
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Schools
Schools serving 201 W King St
School District:School District Of Lancaster
Rating | Name | Grades | Distance |
---|---|---|---|
225 W Orange St, Lancaster, PA 17603 | PK-5 | 0.1 mi | |
605 W Walnut St, Lancaster, PA 17603 | 6-8 | 0.6 mi | |
445 N Reservoir St, Lancaster, PA 17602 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 201 W King St
Date
Details
Price
Change
Source
3/07/2024
Listed
$995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 201 W King St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,094
6%
$255,100
—
2023
$9,511
—
$255,100
—
2022
$9,511
1%
$255,100
—
2021
$9,412
1%
$255,100
—
2020
$9,307
2%
$255,100
—
2019
$9,168
-14%
$255,100
—
2018
$10,680
12%
$255,100
23%
2017
$9,503
2%
$206,900
—
2016
$9,304
1%
$206,900
—
2015
$9,193
4%
$206,900
—
2014
$8,834
—
$206,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 201 W King St
201 W King Street, Lancaster, PA 17603 (MLS# PALA2047858) is a Apartment property. 201 W King Street is currently listed for $995,000 and was received on March 07, 2024. Want to learn more about 201 W King Street? Do you have questions about finding other Apartment real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.