451 S Prince Street Lancaster, PA 17603
Listing Courtesy of: BRIGHT IDX / Berkshire Hathaway Homeservices Homesale Realty

  451 S Prince Street Lancaster, PA 17603

Active (54 Days)
$525,000
3
BED
2
BATH

Description

Attention: Entrepreneurs, investors, and start-up mechanics an excellent opportunity for the acquisition of a well-balanced mixed-use asset or for those seeking a new home the garage below can offer a great source of passive income. This parcel contains a fully functioning Auto garage repair Shop with a recently renovated large apartment above for stable income or ready to move into. The real estate, appurtenances, and business come with the sale. The auto garage includes two car lifts, a welding machine, a pipe bending machine, a tire mounter and balancing machine, brake liner equipment, emissions testing equipment among inventory and other items. There is a designated paint area for minor body repairs, this shop has 3 separate bay doors servicing the front and back, 10 parking spaces, and approximately 4000 square feet of work and service space. While running a business can have its peaks and lows the apartment above can provide a stable income to supplement the business. The seller is willing to provide an executed residential lease as surety prior to settlement if desired to ensure your cash flowing day one. In addition, if you're seeking to purchase this asset as an investment or simply occupy just the apartment the same can be executed for a commercial lease as well. Finally, a credit may be provided for some finishing work that is still needed in the apartment. The apartment features a loft style, 3-bedroom, 2 full bath with an open space design that flows from the kitchen. If you're interested in this as an investment, start-up shop, or just looking for a home to buy that provides a house hack with passive income give us a call. Note: showings of the auto garage may be scheduled however showings of the apartment will be scheduled upon receipt of a written offer. 3D Photos coming soon! check back on the week of 7/15/24

MLS #:
PALA2054016
Taxes
$4,894(2024)
Lot Size
8,712 SQFT
Type
Townhouse
Year Built
1936
Style
Other
School District
School District of Lancaster
County
Lancaster County

Listed By

Stephen Hammond, Berkshire Hathaway Homeservices Homesale Realty
Source
BRIGHT IDX
Last checked Sep 8 2024 at 1:39 AM GMT-0400
Bathroom Details
  • Full Bathrooms: 2
Subdivision
  • None Available
Property Features
  • Below Grade
  • Above Grade
  • Foundation: Other
Heating and Cooling
  • Forced Air
  • None
Flooring
  • Solid Hardwood
  • Luxury Vinyl Plank
  • Concrete
Exterior Features
  • Block
  • Concrete
  • Brick
  • Roof: Flat
Utility Information
  • Utilities: Phone Available, Multiple Phone Lines, Electric Available, Cable Tv
  • Sewer: Public Sewer
  • Fuel: Natural Gas
Parking
  • Paved Parking
Stories
  • 2
Location
   
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Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 9/7/24 18:39