The median home value in Lancaster, PA is $317,450.
This is
higher than
the county median home value of $249,900.
The national median home value is $308,980.
The average price of homes sold in Lancaster, PA is $317,450.
Approximately 42% of Lancaster homes are owned,
compared to 51% rented, while
6% are vacant.
Lancaster real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Lancaster real estate agent to arrange a tour
today!
Learn more about Lancaster Real Estate.
Come take a look at this corner 5-unit apartment building in downtown Lancaster City today! Well maintained, nice central location, and some room to improve to the next level. There are 3-(1-bedroom apartments), and 2-(2-bedroom) apartments in the building. All units are currently occupied by long-standing tenants, who would like to remain if possible. Each unit has been updated throughout the years with updated cabinetry, laminate flooring, newer paint throughout, and replacement windows. Great location near Musser Park, this property sits at the corner of East Orange Street and North Plum, with a quick walk to restaurants, breweries, coffee shops, all many other services that tenants will find attractive. Add this to your list of investment properties to check out in 2024!
Exceptional Opportunity in East Hempfield at Intersection of Running Pump Road and Columbia Avenue with over 17,000 daily vehicle count. This contemporary office/professional/medical building features +/- 16,624 SF with the potential for separate tenant spaces. The first floor features an ample waiting room with welcoming reception, office/exam/counseling rooms, a large bullpen area suitable for workstations or an open work environment, a 1272 SF mezzanine, rest rooms, and a break area. The lower level is at grade with windows on three sides and features an ample waiting area with welcoming reception, office/exam/counseling rooms, open collaboration workspace, and rest rooms. The outdoor space features 65+ illuminated parking spots with entrance/exit from both Columbia Avenue and Running Pump Road, and mature trees/landscaping. Donât Delay, Call and Schedule your Tour Today.
This unique property is situated in the commercially zoned area of East Hempfield Township, adjacent to new Penn State Health Hospital, across from Kellogg plant. It features a historic house and a large commercial building. The house is modern and well maintained, with a large basement and ground floor walkout, as well as a loft apartment over the garage. The commercial building features a 3-story finished office space, large garages with roll-up doors and loading access, and a large barn for storage or warehousing. Perfect for an investor or home business
See Brochure under Documents. Property is offered as an investment or Owner Occupant. 4 Tenant Spaces + a 44 car parking garage. Currently 2 of the spaces are leased to stable long term Tenants. Available space for owner occupant or new end user is about 13,000sf at 200 North Duke Street, plus 3,500sf Firehose retrofitted for retail use at 202 N Duke Street. Additionally there are a few large offices on the first floor of 39 East Chestnut Street that are available. Projected cap rate at full occupancy is 8.9%. Current NOI from the 2 tenants is a 4% cap rate at the $6.2mm sale price. 34,111+/- sq. ft. Total (not including garage). This building is 100% sprinklered, has heavy IT/data wiring, high efficiency HVAC systems, is ADA compliant and situated on the corner of Chestnut/Duke Streets with 2 adjacent public parking garages. Building was previously home to the Lancaster City Police Station and Firehouse before being developed into the office, services and retail center it is today. The available office space can be subdivided and offers several offices/conference rooms which are wired for projectors, open space with existing work stations, private restrooms, furnished break room, direct glass door entrance from Duke Street and direct Elevator access from first floor lobby & secure garage. 3-4 Additional parking spaces are located behind the building and are well suited for the Firehouse future occupant. Tours of the vacant space can happen with little notice. Occupied areas of the building require advance notice for scheduling.
464-466 Manor St. is a fully leased, 11-unit property consisting of 4 apartments, 7 individually leased boarding rooms and private off-street parking. Great downtown location within easy walking distance from Fulton Theater, Lancaster Central Market and much more. Contact the listing team for financial details and more information.
207 W. King St. is a fully leased, 8-unit property consisting of a ground level commercial/retail unit, 2 apartments and 5 individually leased boarding rooms. Great downtown location less than a block from Fulton Theater, Lancaster Central Market and much more. Contact the listing team for financial details and more information.
Professional Condo for sale on E Grant Street. This condo enjoys two private offices and a large conference room. The unit is complimented by a professional office building setting within walking distance from the Courthouse and walkable distance to Lancaster City amenities on N Duke, E King and E Orange St's. This is a tremendous opportunity for ownership in a secure location that's supported by many other professional type users. Unit is accessible from an elevator off the natural lighted entry and has a shared kitchenette and restrooms.
Sitting at the corner of W King and N Water Streets, this commercial building offers a prime opportunity for redevelopment or owner occupancy. Situated within the CB Zoning District, it enjoys a strategic location in the heart of the city's commercial hub, with the added benefits of being in the CRIZ and LERTA tax zones. Despite its unassuming appearance, this three-story property holds immense potential. Currently occupied by a month-to-month daycare tenant on the first floor, the second floor sits vacant, while the top floor features a single apartment. With essential utilities in place and excellent proximity to Lancaster's downtown scene, this property presents a practical choice for investors or businesses looking to capitalize on its central position and favorable zoning.
Investment opportunity to purchase building leased to Chesterbrook Academy. Tenant just signed a 10 year lease renewal effective March 1, 2024. Price reflects a 7.0% cap rate. Also See MLS #PALA2022002 for adjoining property sale information. Both properties can be purchased for $4,395,000.
Who has the passion and energy for the next great Restaurant and or Bar in Lancaster County?!?! Do you have the need to take your Restaurant, Convenient and or Grocery Store to the next level? Would you like to add a Million Dollar Revenue Stream by pairing your Food Menu or Store Selection with a Special Beer, Mixed Drink, Wine, or Cocktail Menu Item? If the answer is yes to any of these questions. Don't delay, give a call today!
Who has the passion and energy for the next great Restaurant and or Bar in Lancaster County?!?! Do you have the need to take your Restaurant, Convenient and or Grocery Store to the next level? Would you like to add a Million Dollar Revenue Stream by pairing your Food Menu or Store Selection with a Special Beer, Mixed Drink, Wine, or Cocktail Menu Item? If the answer is yes to any of these questions. Don't delay, give a call today!
Redevelopment site for sale consisting of 2.3 acres of land in Lancaster City with improved buildings. The zoning was successfully changed to Mixed Use recently which will allow for a potential density of 148 apartment units. Current income from existing use is $300,000 NOI approximately, which provides great income during plans for redevelopment. The site consists of a 3 story building which is currently a mix of office and industrial uses on the east end of the parcel, and a collection of industrial buildings on the west end of the parcel. Architectural renderings show a 104 unit apartment building on the west end which would call for the removal of industrial buildings. There are also plans for the renovation of existing buildings on the east end to accommodate an additional 44 units. The existing parking plan provides 126 parking spaces on site. A parking variance would be required to provide relief from the parking requirement of 1 space per unit. Contact listing agent for pro forma operating income and expenses.
15 Unit Property - 13 Residential Units & 2 Commercial Units- Seller open to holding a second mortgage- see agent for details. Just off a top-to-bottom renovation that brought fresh and innovative ideas, the Kings Place Apartments is a 15-unit property set up for long term cash flow and appreciation. Units have been thoughtfully designed to provide all the amenities tenants wany in an efficient and comfortable space. Each unit includes a washer & dryer, dishwasher, granite counters, luxury vinyl plank floors, tile bathrooms, gleaming white cabinets, stainless steel appliances, and much more The building has been outfitted with new electric, HVAC, plumbing, new doors, and upgraded hallways. There are 16 on-site parking spaces, which are leased separately to tenants and neighbors. The property has a detached "Carriage House" in the rear that is a complete house with a 1 car garage, 3 bedrooms, and an open living space. The ground floor front has 2 commercial spaces. One is leased on a 5-year initial term with options to Denim Coffee, a regional favorite and established brand. The second space has a tenant lined up. Located in rapidly appreciating neighborhood of Lancaster City with future benefit from CRIZ programs.
Attractive 39,610 S/F 3/4 story Professional Office Building Available For Sale on 2.68 acres. Price, terms, and conditions subject to any renegotiation of master tenants current lease. Master Tenant may shrink current footprint or exit 12/01/2026, allowing for any new buyer/tenant use and occupancy . 2024 Projected NOI $571,570. 145 parking spaces. Owner Financing Available for qualified buyer.
1,035 SF medical office condo in an established medical office building. Seller operates the eye care practice and will deliver the property vacant. Call to schedule a tour.
Desirable Lancaster City Restaurant Liquor License! Can be moved to other areas of Lancaster County with permission of that Township or Boro. License #R9390, LID #91991
Formally the gorgeous Cherry Jubilee Restaurant, then a private club. This freestanding brick building is looking for a new owner with vision to make her grand once again. Property is in need of a total rehab. 2 Parking spaces come with the purchase of the building. Additional spaces negotiable.
Off Rt 283, east side of LANCASTER CITY. Great visibility from Rt. 283. Auto garage and office. WFR licensed agent and owner. Welding shop...Mechanical repair shop ...Body shop...... Auto dealership/sales...Motorcycle repair and sales.... Tire sales and service
Excellent property in an ideal location currently leased to a quality tenant, River Rock Academy, on a triple net lease through 6/30/2030 + Tenant has one 5-year option. Price reflects a 6% cap rate (Est. NOI of $196,303.45). Lease includes annual CPI increases to base rent. The 15,277sf single story building is situated on a 3.2 acre, mostly impervious, site, with 192 parking spaces. Well maintained, fully sprinklered, gas heat and central air, covered outside patio area in the rear, 3 glass door entrances, nicely finished, windows in all perimeter walls and several interior rooms with glass and sidelights. NO SIGN ON THE PROPERTY. TENANT IS AN OPERATING SCHOOL WITH STUDENTS PRESENT DURING THE DAY. DO NOT VISIT THE PROPERTY DURING SCHOOL HOURS OR SPEAK WITH ANY STAFF. SHOWINGS MAY OCCUR MON-THURS STARTING AT 4:45PM.
Total Square Footage of Building is 1,000 +/- including : Garage 24' x 24'; Bathroom 5' x 3'; Hallway 13' x 6'; Office 19' x 11'; Storage 11' x 6'. Building presently leased to R & Y Auto Sales & Services. Preferred Showing Hours are: Monday through Saturday 9am-6:00pm. (Other showing times available upon request).
Prime commercial opportunity with C-3 Zoning on Route 30 in Lancaster County. High visibility with up to 35,000 daily passing cars. Ideal for businesses seeking a strategic location in a thriving area. Versatile property, currently a storefront home, offering a blank canvas for redevelopment. Join the revitalization movement and capitalize on the area's attractions. Endless possibilities await at this well-traveled location. **See documents for additional possible uses.**
A three parcel assemblage in downtown Lancaster; 37 N Duke St (332-56851-0-0000), 45 N Duke St (332-56082-0-0000) and 37 N Cherry St (332-64630-0-0000). are all included to total 30,008 SF that is currently a NNN lease by single Tenant Murray Insurance. This lease expires 9/30/27. There are 27 parking spaces included in the rear of the building. Charm and appeal through to properties, 37 was built in 1880, 45 in 1916 and 37 Cherry in 1941 and these periods are reflected in the finishes. Great location as it is walkable within a couple blocks to all of downtown, the vibrant retail, restaurants, pubs and entertainment. A must see for one who appreciates the detail the city curb appeal. Potential redevelopment for multi family or mixed use. Signed NDA required for financials that can be found under documents.
This stunning 27,000 square foot space is available in early 2024. Unit 40 at Christian Street Court starts with a beautiful reception lobby that connects directly to the historic atrium through an iconic stairway . There are a mix of private and open offices bountiful collaboration space and the ability to "customize" the space to your needs . Historic beauty and up to date design and technology are blended together in this downtown location and you even get to enjoy a large 700 square foot private rooftop deck with pergola 40 North Christian Street in Downtown Lancaster is 27,000 square foot space features has the latest in technology, video conferencing and Cat5e wiring throughout the space. It is designed with flexible open spaces and ample work stations to accommodate up to 100 employees. Christian Street Court is a mixed use Downtown development that was completed in 2001. It consists of retail on the first block of Queen Street and the office entering at grade from Christian and Grant Streets. Christian Street Court is listed on the National Park Service Registry of Historic Places and retains character and charm from the historic buildings. 40 N Christian has an exclusive, below grade, parking garage for 24 cars. There is also a metered lot on the Northeast corner of Grant and Christian Streets that provides short term parking for guests as well as five public parking garages within 2 blocks. Features 24 Hour Access Atrium Bus Line Controlled Access Property Manager on Site Restaurant Security System Signage Kitchen Roof Terrace Atrium Bicycle Storage Central Heating High Ceilings Natural Light Open-Plan Plug & Play Reception Outdoor Seating Air Conditioning On Site Pickleball Court Walker's Paradise" 99/100 walkability score on the Smart Location Calculator. Professional conference rooms and workspaces. Brand new buildout of the rooftop gathering terrace. Local restaurant on site and a half block from Lancaster's famous Central Market.
DESIRABLE MANHEIM TWP PA RESTAURANT LIQUOR LICENSE. can be moved to other townships in lancaster county with permission of that twp. LICENSE #R12944
Stop by and take a look at the exciting Lancaster City commercial property in the West End neighborhood! 354-356 West Orange Street is retail/warehouse property that combines the potential for many future commercial uses. The main parcel (354-356 W. Orange) is a retail storefront, inventory warehouse, and office space totaling 6,852 square feet. The secondary parcel is located at 34-36 North Charlotte Street and is a parking lot containing 8 parking spots for customer use, or additional rental income. The 1st floor storefront and warehouse has been used by a record/clothing store for many years, with consistent walk-in traffic. Large windows surround the building, proving plenty of natural light and visibility. One bathroom sits on the 1st floor, and a loading dock exists in the rear for deliveries. The second floor is currently inventory storage, with an additional office space, kitchenette/break room, and two bathrooms. Full length basement is used as more storage, with walkout entrance to Charlotte Street. With just a 3-block walk to downtown Lancaster City, this property offers endless potential for many exciting commercial concepts.
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