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$225,000
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Property Description
Great opportunity to own a three -unit commercial property with a restaurant on the first floor in the Chestnut Hill area of Lancaster City! Excellent investment opportunity! A combination of a commercial restaurant space along with residential apartments can provide a steady income stream. Being close to F&M College and the Stadium District adds to its appeal, attracting both students and visitors.Two large apartments above the commercial space! Don't miss out! Add this to your portfolio today!
Full Property Details
Full Property Details for 323 W Lemon St
General
- Sold For: $225,000
- Taxes: $7,188 (2022)
- Status: Closed
- Type: Store
- Source: BrightMLSPhilly
- MLS ID: PALA2058752
- Added to Site: 488 day(s) ago
Business
- Business Type: Apartment Building, Convenience Store/Gas, Restauran
Parking
- Parking Type: None
Location
- Area: Lancaster City (10533)
- Municipality: LANCASTER CITY
- County: Lancaster
- Development Name: None Available
- Subdivision: None Available
- Driving Directions: Going North on N Queen St, Left on W New St, Left onto N Prince St, Right on W Lemon. Property on the Right.
Heating & Cooling
- Cooling Type: Window Unit(s), Wall Unit
- Heating Type: Radiator
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electric Available
Structural Information
- Construction: Brick
- Roof: Shingle
- Stories/Levels: 0
- Year Built: 1920
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
- Other Units: Unit 2, Unit 3
Unit 1
- Unit Description: Unit 2
Unit 2
- Unit Description: Unit 3
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,307
- Lot Size Source: Estimated
- Zoning: R3 MIXED USE
Financial Considerations
- Price Per Sq. Ft.: $135.36
- Assessment Year: 2022
- School Tax: $4,371
- City/TownTax: $2,255
- City/TownTax Freq: Annually
- County Tax: $561
- County Tax Freq: Annually
- Tax w/Assessment: $192,800
- Tax Amount: $7,188
- Tax Year: 2022
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Prep table, small oven, chest freezer and slicer from the pizza shop.- EQUIPMENT NEGOTIABLE
- Inclusions: Stove and refrigerators in apartment units.
- Investment: Yes
Listed by RE/MAX Pinnacle, Jessica Marie Morales
Sold by Non Subscribing Office, NON MEMBER
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Schools
Schools serving 323 W Lemon St
School District:Lancaster School District
| Name | Grades | Distance |
|---|---|---|
Thomas Wharton El School 705 North Mary Street, Lancaster, PA 17603 | K-5 | 0.4 mi |
Reynolds Middle School 605 West Walnut Street, Lancaster, PA 17603 | 6-8 | 0.4 mi |
Mccaskey Campus 445 North Reservoir Street, Lancaster, PA 17602 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 323 W Lemon St
Date
Details
Price
Change
Source
12/23/2024
Sold
$225,000
-43.75%
MLS
11/07/2024
Price Reduced
$400,000
-6.98%
MLS
10/21/2024
Listed
$430,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
323 W Lemon Street, Lancaster, PA 17603 (MLS# PALA2058752) is a Store property that was sold at $225,000 on December 23, 2024. Want to learn more about 323 W Lemon Street? Do you have questions about finding other Store real estate for sale in Lancaster? You can browse all Lancaster real estate or contact a Coldwell Banker agent to request more information.

