451 S Prince Street, Lancaster, PA 17603-5601 $525,000
Acreage: 0.2
Age:88 years
Style:
Other
Subdivision: None Available
Design/Type:
End of Row/Townhouse
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
Home Assoc: No
Condo Assoc: No
Buyer Agency Comp*: Seller Concession: N
Basement: N
Pool: No Pool
Features
Utilities
Forced Air Heating, Natural Gas, None, None, Hot Water - Electric, Public Water, Public Sewer, 200+ Amp Service, Cable TV, Electric Available, Multiple Phone Lines, Phone Available
Garage/Parking
On Street, Paved Parking
Interior
Concrete Flooring, Luxury Vinyl Plank Flooring, Solid Hardwood Flooring
Exterior
Flat Roof, Block Exterior, Brick Exterior, Concrete Exterior
Lot
Urban, Street View, Black Top Road
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (25 schools)
Public Middle (8 schools)
School | District | Grades | Place | Distance |
---|---|---|---|---|
Jackson Middle School | Lancaster School District | 6–8 | Lancaster | 0.7 mi |
Reynolds Middle School | Lancaster School District | 6–8 | Lancaster | 1.08 mi |
Wheatland Middle School | Lancaster School District | 6–8 | Lancaster | 1.16 mi |
Lincoln Middle School | Lancaster School District | 6–8 | Lancaster | 1.6 mi |
Manor Middle School | Penn Manor School District | 7–8 | Lancaster | 4.29 mi |
Martin Meylin Middle School | Lampeter-Strasburg School District | 6–8 | Lampeter | 4.53 mi |
Gerald G Huesken Middle School | Conestoga Valley School District | 6–8 | Lancaster | 4.64 mi |
Landis Run Intermediate School | Manheim Township School District | 5–6 | Lancaster | 4.8 mi |
Public High (7 schools)
School | District | Grades | Place | Distance |
---|---|---|---|---|
Phoenix Academy | Lancaster School District | 6–12 | Lancaster | 0.49 mi |
La Academia Partnership Charter School | La Academia Partnership Charter School | 6–12 | Lancaster | 0.88 mi |
McCaskey Campus | Lancaster School District | 9–12 | Lancaster | 1.49 mi |
Penn Manor High School | Penn Manor School District | 9–12 | Millersville | 3.09 mi |
Lancaster County CTC-Willow St Campus | Lancaster County CTC | 9–12 | Willow Street | 3.75 mi |
Lampeter-Strasburg Senior High School | Lampeter-Strasburg School District | 9–12 | Lampeter | 4.63 mi |
Conestoga Valley Senior High School | Conestoga Valley School District | 9–12 | Lancaster | 4.72 mi |
Private (21 schools)
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This report is a detailed community overview for Lancaster (17603), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 23
- Average salary of people in this community: $41,417
Community Summary
- Population Density (ppl / mile): 2,128
- Household Size (ppl): 2.47
- Households w/ Children: 58%
Housing Inventory
- Owned: 14,354 (53.7%)
- Rented: 10,900 (40.8%)
- Vacant: 1,453 (5.4%)
- Total: 26,707
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 4.0%
- Some High School: 9.7%
- High School Graduate: 32.2%
- Some College: 16.2%
- Associate Degree: 7.8%
- Bachelor's Degree: 19.2%
- Graduate Degree: 10.8%
Income by dollar range
Median Income: $55,067
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $654
- One Bedroom: $765
- Two Bedroom: $1,039
- Three Bedroom: $1,177
- Four Bedroom: $1,282
© 2024 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-545-2233
Listing Courtesy of: Berkshire Hathaway HomeServices Homesale Realty , (800) 383-3535, leadcenter@homesale.com
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Information Deemed Reliable But Not Guaranteed.
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Listing data as of 10/05/2024.