Lancaster, PA 17603 540 E King Street

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Presented By: Keller Williams Elite
  • MLS# PALA2058990
  • 10/18/2024
  • Request Tour
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  • SQFT • 3,528

Home Details

Turn Key 5 unit building(4 units/large 2 bay garage) located in Historic Downtown Lancaster City. Lancaster City rentals are in high demand and 540-542 E King St is an opportunity for you to join the amazing growth that Lancaster City is experiencing or add to your already existing portfolio. This property has 4 , large 1 bedroom apartments. In addition to the 4 units, the property offers two large garages for additional income potential or personal use. There is ample space for parking to offer to the tenants or for additional monthly revenue. ****There is an additional studio unit currently not being rented that could potentially be licensed and added to the rent roll.*****
Presented By: Keller Williams Elite

Interior Features for 540 E King Street

Other Interior Features

Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 540 E King Street

AccessibilityNone
Association Recreation FeeN
Business TypeApartment Building
CityLANCASTER
Construction MaterialsBrick, Masonry
Cool FuelElectric
CoolingWall Unit
CountyLANCASTER
DirectionsUse google map or a map application.
ExclusionsTenants personal property
HeatingBaseboard - Electric
Lease Considered Y/NNo
Lot Size Square Feet7841.00
Lot Size UnitsSquare Feet
MLS AreaLancaster City (10533)
ModificationTimestamp2025-04-28T17:09:33
MunicipalityLANCASTER CITY
New ConstructionNo
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG172.9
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount7803.0
Tax Assessed Value197200.0
Tax Year2025
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1890
Year Built SourceAssessor
ZoningRESIDENTIAL

Exterior for 540 E King Street

Building Area Total3528.00
Car Parking Spaces2
Land Assessed Value22400.00
Land Use Code116
Lot Dimensions0.00 x 0.00
Lot Size Acres0.18
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces2
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $610,000
MLS#PALA2058990
List Date 10/18/2024
Property Type Commercial
Phone 703.929.4729
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