Lancaster, PA 17603 624 S Queen Street
$849,000
2 more
Presented By: Keller Williams Elite
Beds • 9
Home Details
5 Unit Building, 10 garages, parking lot and large open space!!!!! Sizable footprint just minutes from Lancaster City Square.The total combined footprint is roughly .63 acres with a sizable vacant area that could present an opportunity for additional expansion and/or density. All units are fully leased.
Presented By: Keller Williams Elite
Interior Features for 624 S Queen Street
Bedrooms
Three Bedroom Units Count1
Other Interior Features
LivingAreaSourceEstimated
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
General for 624 S Queen Street
Acceptable FinancingCash, Conventional
AccessibilityNone
Architectural StyleOther
Cap Rate6.70
CityLANCASTER
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyLANCASTER
DirectionsFrom Willow Street, N on Willow St Pike, Follow onto Highland Ave/S Queen St, Property will be on the Right
Garage Y/NNo
HeatingBaseboard - Electric
Insurance Expense2116.00
Lease TypeLong Term, Month to Month
Lot Size Square Feet27443.00
Lot Size UnitsSquare Feet
MLS AreaLancaster City (10533)
MaintenanceExpense2400.00
ModificationTimestamp2025-04-28T17:11:06
MunicipalityLANCASTER CITY
Net Operating Income59938.00
New ConstructionNo
Number Of Units Total4
Number of Units Leased10
One Bedroom Units Count2
Operating Expense23942.00
Other StructuresAbove Grade, Below Grade
OwnerPaysAdvertising/Licenses and Permits, Electricity, Insurance, Lawn/Shrub Care, Management, Repairs, Sewer, Snow Removal, Taxes - Real Estate, Trash Collection, Water
OwnershipFee Simple
PossessionSettlement
Price Per Sq Ft Total AG177.54
Property SubtypeOther
Property TypeMulti-Family
RoofRubber, Metal
School DistrictSCHOOL DISTRICT OF LANCASTER
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeEnd of Row/Townhouse
Subdivision NameLANCASTER CITY WARD 4
Tax Annual Amount10153.0
Tax Assessed Value256600.0
Tax Year2025
Total Actual Rent83880.00
Total SQFT4782
Trash Expense1020.00
Two Bedroom2
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningCOMMERCIAL
Exterior for 624 S Queen Street
Foundation DetailsStone
Land Assessed Value113600.00
Land Use Code513
Lot Dimensions0.00 x 0.00
Lot Size Acres0.63
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking Lot - # of Spaces10
PoolNo Pool
Total Parking Spaces10
Type of ParkingParking Lot
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
WaterfrontY/NNo
Additional Details
Price History
Aleksandar Tomic
Real Estate Professional