Lancaster, PA 17602 343 S Rear S Ann Street

343 S Rear S Ann Street Lancaster, PA - Image 1343 S Rear S Ann Street Lancaster, PA - Image 2
Presented By: Keller Williams Elite
  • MLS# PALA2080436
  • 12/04/2025
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  • SQFT • 30,056

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Exceptional .69-acre mixed-use investment opportunity spanning four adjoining parcels in Lancaster City, fully serviced with public water, public sewer, and electric. Three of the parcels343 Rear S Ann St (TAXID 3374841000000), 324 S Marshall St Rear (TAXID3374070900000), and 330 S Marshall St Rear (TAXID 337383800000) operate as a legally pre-existing self-storage facility, offering 21 units plus approximately 6,200 sq ft of outdoor storage. These parcels deliver strong, immediate cash flow from an established, grandfathered use. The fourth parcel, 523 Rear Juniata St (TAXID 3374317000000) , is not currently part of the storage operation but provides significant development flexibility. Because all four parcels physically adjoin one another, the entire .69 acres can be combined, allowing the potential to expand the existing storage facility (subject to approvals) and create a unified, higher-income complex. This parcel also has an active plan underway for a 1,200 sq ft miscellaneous repair shop, which is permitted by rightmeaning this use is allowed outright so long as it follows ordinance guidelines and completes the standard municipal process. Stormwater engineering for this 1,200 sq ft building has already been completed, giving a future owner a head start. The zoning district offers several additional permitted-by-right or feasible development options, subject only to following the ordinance and completing the normal review steps. These include concepts such as townhouses, multifamily buildings, or residential units above a non-residential use (above a non-residental use). When the parcels are combined, the full .69-acre footprint may support increased density, making residential or mixed-use development even more attractive. With steady cash flow, four fully serviced and adjoining lots, multiple permitted-by-right pathways, and major value-add potential, this property represents a rare and powerful opportunity. Ideal for developers, investors, or owner-operators looking for a site that can grow into a significantly more valuable mixed-use complex. Owner is a licensed Pennsylvania real estate agent. This property offers numerous permitted uses and strong future potential. Please contact me directly with any questions regarding rents, permits, or the development plan currently in progress for the lot.
Presented By: Keller Williams Elite

Interior Features for 343 S Rear S Ann Street

Other Interior Features

Central Air Y/NNo
FlooringConcrete
Heating FuelNone
Hot WaterNone
Total Stories1

General for 343 S Rear S Ann Street

Acceptable FinancingCash, Conventional
AccessibilityNo Stairs, Level Entry - Main
Business TypeStorage, Parking Lot, Other
CityLANCASTER
Construction MaterialsBlock, Metal Siding, Wood Siding, Frame
Cool FuelNone
CoolingNone
CountyLANCASTER
DirectionsHead south on South Queen Street and go past King Street, Vine Street, and Farnum Street. Turn left onto Hazel Street. Turn right onto South Marshall Street and continue a few blocks. Turn left onto Ju
DisclosuresOwner RE Licensee, Other
Electric120/240V
Exclusionsall equipment on property/storage area and contents in storage units
HeatingNone
Location TypeDowntown
Lot Size Square Feet14375.00
Lot Size UnitsSquare Feet
MLS AreaLancaster City (10533)
MunicipalityLANCASTER CITY
New ConstructionNo
Number Of Units Total21
OwnershipFee Simple
PossessionImmediate, 0-30 Days CD
Possible UseApartment Building, Development, Mini-Storage, Multi-Family, Parking, Professional Service, Restaurant, Storage Yard, Apartments
Price Per Sq Ft Total AG496.93
Property ConditionVery Good
Property SubtypeMixed Use
Property TypeCommercial Sale
Property UseOwner User
RoofMetal
Security FeaturesSurveillance Sys
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount849.0
Tax Assessed Value20700.0
Tax Year2025
UtilitiesSewer Available, Water Available, Electric Available
Vacation Rental Y/NNo
ViewCity
Water Access Y/NNo
Year Built1945
Year Built SourceAssessor
ZoningR-3

Exterior for 343 S Rear S Ann Street

Building Area Total1660.00
Car Parking Spaces45
Fencing Y/NY
Foundation DetailsBlock, Stone, Concrete Perimeter
Land Assessed Value12500.00
Land Use Code190
Lot Dimensions0.00 x 0.00
Lot FeaturesAdditional Lot(s), Adjoins - Open Space, Private, Open, Level
Lot Size Acres0.33
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesFenced, Private, Paved Parking
Road ResponsibilityPublic, City/County
Road Surface TypeAccess - On Grade, Paved
Total Loading Docks0
Total Parking Spaces60
Type of ParkingParking Lot, Other, On Street, Driveway
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $824,900
MLS#PALA2080436
List Date 12/04/2025
Property Type Commercial
Phone 703.929.4729
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