243 N Queen Street, Lancaster, PA 17603 - Photo 1

1/1

$725,000

Sold
Closed
Retail

1/1

Property Description

Location...Location...Location! Located in the heart of downtown Lancaster...this well maintained 4 unit apartment building is close to everywhere you want to be in Lancaster. Neighbors to Red Rose Transit Authority, Brooklyn Pizza, Subway and many other restaurants and retail users, this building defines Prime Real Estate! In just a year from now a 12 story and 142 unit luxury apartment building will be standing directly across the street from this building. The project will consists of studio apartments , 1 bedroom and 2 bedroom units priced from $1300-$2000 per month. 243-245 N Queen St consists of 2700 sqft of storefront along with 3 nicely sized and updated apartments that are all occupied. It's not often an income producing property like this hits the market so don't miss your opportunity to be the New Owner!

Full Property Details

Full Property Details for 243 N Queen St

General

Sold For: $725,000
Taxes: $11,461 (2023)
Status: Closed
Type: Retail
Source: BrightMLSPhilly
MLS ID: PALA2029242

Property History

243 N Queen St, Lancaster, PA
Sold $725,000 on 8/25/23
Price Reduced $749,900 on 5/9/23
Price Reduced $799,900 on 2/22/23
Listed $849,900 on 1/12/23

Business

Business Type: Apartment Building, Other/General Retail

Interior

Flooring: Carpet, Ceramic Tile, Hardwood, Laminate Plank

Parking

Parking Type: On Street

Location

Area: Lancaster City (10533)
Municipality: LANCASTER CITY
County: Lancaster
Cross Streets: Walnut St
Driving Directions: North on Prince St, left on Chestnut, left on Queen St...Property on right just before Walnut St.
Traffic Count: 5000-9999

School Information

High School: McCaskey H.S.

Heating & Cooling

Cooling Type: Window Unit(s)
Cooling Fuel: Electric
Heating Type: Radiator, Other
Heating Fuel: Oil
Water Heater: Oil

Utilities

Sewer: Public Sewer
Water: Public
Utility Description: Other

Structural Information

Construction: Brick
Roof: Flat, Rubber
Ceiling Height: 8' to 10'
Stories/Levels: 3
Year Built: 1870
Year Built Source: Assessor
Property Condition: Very Good

Unit Information

# Tenants: Multiple
Other Units: Unit 1, Unit 2, Unit 4, Unit 3

Unit 1

Unit Description: Unit 1

Unit 2

Unit Description: Unit 2

Unit 3

Unit Description: Unit 3

Unit 4

Unit Description: Unit 4

Lot Features

Lot Size (Acres): 0.07
Lot Size (Sq. Ft.): 3,049
Lot Size Source: Assessor
Lot Dimensions: 0.00 x 0.00
Zoning: COMMERIAL

Financial Considerations

Price Per Sq. Ft.: $120
Annual Heat Cost: $10,167
Assessment Year: 2023
School Tax: $6,879
City/TownTax: $3,723
City/TownTax Freq: Annually
County Tax: $857
County Tax Freq: Annually
Tax w/Assessment: $294,600
Tax Amount: $11,461
Tax Year: 2023
Owner Pays: Heat, Insurance, Repairs, Taxes - Real Estate, Sewer, Water, Trash Collection
Landlord Pays: Heat, Insurance, Repairs, Taxes - Real Estate, Sewer, Water, Trash Collection

Disclosures and Reports

Ownership: Fee Simple
Investment: Yes
Bank-owned: Yes

What's Your Home Worth?

* Indicates a required field

For a complimentary comparative market analysis, please contact us so we can discuss your home's value.

Your Property Information

Address optional

City *State *

Zip Code optional

Your Contact Information

First Name *Last Name *

Email Address *

Phone Number *

Comment *

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Submit, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

Meet the listing and selling agent

— 243 N Queen St —

The Kevin Brown Team

Email Us

(717) 917-0362 mobile

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 243 N Queen St

School District:Lancaster School District

Name	Grades	Distance
Fulton El School, Lancaster, PA 225 West Orange Street, Lancaster, PA 17603	PK-5	0.3 mi
Reynolds Middle School 605 West Walnut Street, Lancaster, PA 17603	6-8	0.7 mi
Mccaskey Campus 445 North Reservoir Street, Lancaster, PA 17602	9-12	0.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Community Info

Community Info for 243 N Queen St

View Community Information

109 Village Dr, Millersville, PA 17551 - Photo 1

Just Listed

$465,990

109 Village Dr Millersville, PA 17551

Single Family
Active
Updated 6 days ago

3
Beds
3
Total Baths
2,487
Sq. Ft.

Listed by New Home Star Pennsylvania LLC, Florence Ugokwe

420 Stehman Church Rd, Millersville, PA 17551 - Photo 1

Just Listed

$360,000

420 Stehman Church Rd Millersville, PA 17551

Single Family
Active
Updated 2 days ago

3
Beds
1
Total Bath
2,112
Sq. Ft.

Listed by Life Changes Realty Group, Jim X. Santoriello

447 Conestoga Blvd, Conestoga, PA 17516 - Photo 1

Just Listed

$514,900

447 Conestoga Blvd Conestoga, PA 17516

Single Family
Active
Updated 20 hours ago

4
Beds
2
Total Baths
2,655
Sq. Ft.

Listed by Keller Williams Elite, Mike Lapp

1 River Corner Rd, Conestoga, PA 17516 - Photo 1

Just Listed

$299,500

1 River Corner Rd Conestoga, PA 17516

Commercial Service
Active

Listed by Chris Habecker Real Estate, Todd Habecker

4 Bunker Hill, Millersville, PA 17551 - Photo 1

Price Reduced

-$10,000 (-1.67%)

$589,900

4 Bunker Hill Millersville, PA 17551

Single Family
Active
Updated 4 days ago

4
Beds
3
Total Baths
3,760
Sq. Ft.

Listed by House Broker Realty LLC, Susan Hilterbrick

2472 Leaman Rd, Ronks, PA 17572 - Photo 1

Price Reduced

-$2,500 (-0.64%)

$390,000

2472 Leaman Rd Ronks, PA 17572

Single Family
Active
Updated 1 day ago

3
Beds
2
Total Baths
1,664
Sq. Ft.

Listed by Keller Williams Elite, Alexander Glen Whitt

1227 Lebanon Rd, Manheim, PA 17545 - Photo 1

Price Reduced

-$5,000 (-1.2%)

$409,995

1227 Lebanon Rd Manheim, PA 17545

Single Family
Active
Updated 4 days ago

3
Beds
2
Total Baths
1,639
Sq. Ft.

Listed by Christopher Martin (717) 368-2359

57 N Charlotte St, Manheim, PA 17545 - Photo 1

Price Reduced

-$5,000 (-1.47%)

$335,957

57 N Charlotte St Manheim, PA 17545

Single Family
Active
Updated 21 hours ago

4
Beds
2
Total Baths
2,066
Sq. Ft.

Listed by Linderman Snavely Realtors LLC, Justin R Linderman

243 N Queen Street, Lancaster, PA 17603 (MLS# PALA2029242) is a Retail property that was sold at $725,000 on August 25, 2023. This property was listed by The Kevin Brown Team from our Lancaster Office.Want to learn more about 243 N Queen 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.

243 N Queen St Lancaster, PA 17603