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About the Listing 108029 - 3277130
Rare commercial investment opportunity featuring 21 self-storage units, each approximately 9' x 20', providing secure, dry storage with outstanding income-producing potential. The property also includes a large storage yard and additional parking area, offering flexibility for outdoor storage, contractor parking, fleet vehicles, trailers, equipment, or future expansion, subject to applicable approvals. The current self-storage operation is an established grandfathered nonconforming use that applies to the included parcels, allowing the continued operation of the existing self-storage facility. This presents a unique opportunity for investors to acquire an established income-producing property while benefiting from its existing use and future upside. Public water, sewer, and electric are available on-site, adding to the property's long-term value and development flexibility. This offering includes three parcels that encompass the self-storage facility: 337-48410-0-0000, 337-48420-0-0000, and 337-38380-0-0000. Parcel 337-43170-0-0000, the adjacent flat undeveloped lot, is specifically excluded from this sale. Whether you're expanding your investment portfolio or seeking a value-add commercial asset, this property offers tremendous potential. Lease-up and stabilization of all 21 storage units, combined with income from the additional storage yard and parking area, provide the opportunity to significantly increase cash flow. Existing utilities, multiple parcels, and the established grandfathered self-storage use make this a rare offering with immediate income potential and long-term upside. Buyer is responsible for verifying zoning, permitted uses, nonconforming use status, parcel information, measurements, and any future development opportunities. Fully stabilized with a projected rental pro forma of $46,494.00. Additionally, the sale includes 11 new roll-up garage doors for the new owner, providing added value and reducing near-term capital improvement costs.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Commercial Sale
MLS ®
PALA2090882
Year Built
1945
Total Square Footage
3,780
Lot/Acreage
0.33
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: None
Exterior Details
- Lot Description: Additional Lot(s),Level,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Parking Spaces: 20
- Lot Dimensions: 0.00 x 0.00
- Zoning: Grandfathered Non Conforming self storage use
- Roof:
- Others:
- Sewer: No Sewer System
- Parking Features: Paved Parking,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $855
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
343 S Rear S Ann St Lancaster, PA 17602
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