SCOPE Commercial Real Estate Services, LLC “SCOPE” has been exclusively assigned to offer for sale the fee-simple interest in Two32 Apartments, a 43-unit adaptive reuse apartment building located at 232 E. Market Street in York, PA. This opportunity presents investors with a stabilized cash flowing asset in a growing Central PA market.
Originally built in the 1950s, the former J.E. Baker Company building was fully renovated in 2017 to include 35 one-bedroom units and 8 two-bedroom units. The building features shared tenant amenity spaces including a rooftop courtyard, a fitness center, a yoga studio, a billiards and game room, and a resident lounge. With a variety of unit layouts, each with an open floor plan, the apartments feature modern finishes, high ceilings, new mechanical systems, quartz countertops, and exposed brick. Some units have balconies. Delivered with the property, located at 220-232 E. Mason Avenue directly behind from Two32 Apartments, is a resident parking lot with 69 spaces.
Located on Market Street in Downtown York, west of the Continential Square, residents have access to ample neighborhood amenities including historic attractions, museums, restaurants, boutiques, retailers, breweries, theatres, etc. all within walking distance from the property. With access to Route 30 & Interstate 83, residents can commute to surrounding regions with ease. Demographics in York are strong and the county is the fastest growing county in Pennsylvania attracting 20-35 year old residents. York’s current population is over 440,000 people and is projected to grow to over 500,000 in the next decade.
