451 S PRINCE ST Pending Save Request In-Person Tour Request Virtual Tour
Lancaster,PA 17603
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PALA2053314
Originating Board BRIGHT
Year Built 1936
Annual Tax Amount $4,894
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 0.00 x 0.00
Property 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
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning MU - MIXED USE
Interior
Hot Water Electric
Heating Forced Air
Cooling None
Flooring Concrete,Luxury Vinyl Plank,Solid Hardwood
Inclusions Included in sale in auto shop: 2 post car lift, air compressor, transmission jack, pallet jack, engine hoist, sand blaster, bearing press, gas heater, coolant exchange machine, brake layer, oil filter inventory, oil burner heater, oil reserve tank, table grinder and brush wheel, yost bench vise, headlight alignment tool, waste oil recovery tank, parts shelves, small garage water heater, office chairs, filing cabinets, computer, and printer; In apartment: new dishwasher, stovetop
Heat Source Natural Gas
Exterior
Garage Spaces 10.0
Utilities Available Cable TV Available,Electric Available,Multiple Phone Lines,Phone Available
Waterfront N
Water Access N
View Street
Roof Type Flat
Street Surface Black Top
Accessibility None
Road Frontage City/County
Parking Type On Street
Total Parking Spaces 10
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 334-92554-0-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash,FHA,VA,Conventional
Listing Terms Cash,FHA,VA,Conventional
Financing Cash,FHA,VA,Conventional
Special Listing Condition Standard