This Multifamily Property is no longer advertised on LoopNet.com.

401 W Walnut St
Lancaster, PA 17603

West Walnut Apartments and Suites · Multifamily Property For Sale · 5 Units

PROPERTY FACTS

No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.10 AC
Building Size 5,100 SF
No. Stories 3
Year Built 1880
Parking Ratio 0.78/1,000 SF

ABOUT 401 W WALNUT ST , LANCASTER, PA 17603

Offered for sale by owner is our corporate housing business located in an historic, flexible, mixed use city property. The business and property generate near $8,000 monthly gross income producing $52,000 net operating income. The business is perfect for an early retired couple wishing to move from a higher cost nearby state or town to enjoy the benefits of living in Lancaster City. The property includes one 2-bedroom unfurnished apartment; one 850 SF retail shop; four furnished, short term corporate apartments and four on-site garages. Winner of the 2015 C. Emlen Urban Award for Restorative and Adaptive Reuse by the Historic Preservation Trust of Lancaster County. The property is located in the City's Northwest Historic District, an extraordinary residential section of the city. The property is located within a short walk to the downtown business district. Lancaster General and Lancaster Regional Hospitals are within a few blocks. Franklin & Marshal College, Millersville University Lancaster Campus, PA College of Art & Design are all within a few blocks. A variety of neighborhood restaurants, taverns, coffee shops and grocers are within two or three blocks.

ZONING

Zoning Code R3
  • Listing ID: 3628203

  • Date on Market: 9/23/2016

  • Last Updated:

  • Address: 401 W Walnut St, Lancaster, PA 17603