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828, 824 & 820 Highland Ave

$850,000

828, 824 & 820 Highland Ave, Lancaster, Pa 17603

Active
Last Updated: 02/08/2025

1932

Year Built

R-3

Zoning

Details:
Year Built:    1932
Zoning:    R-3
Roof:    Asphalt, Rubber
Highlights:
  • Days on Market: 5
  • Heating: Radiant
Description:

Also included is a two-story warehouse with a walkout basement and a two-car attached garage. The zoning of R-3 leaves many possibilities and lots of potential. This sale also includes three deeded properties with four units rental.

Many buildings/garages are not rented, which will add much more income. There is a 2-car detached garage behind 828 and a small building (both contain owners' personal property). 1 built-in garage on 828 with tenant from 826 personal items. There are 10 connected garages at 820 (tenant for 820 has contents in 1st, and all others are rented or have owners' contents in them. Also, 820 has another 2-car garage with a level drive in the front and loading docks in the rear with two garage doors. It is attached to a 2-story warehouse with a full basement and outside entrance. There is also a single garage. Also, access from Highland to the garage between 824 and 820.
All rents are way below market value. The projected gross income is approximately $80,700. Zoned R-3 leaves many options for the Warehouse and 824 are vacant, not rented, and has owner personal property. Many updates, including mechanicals. All tenants are month-to-month. The total taxes shown are the total of all properties. The seller is requesting 1-month post occupancy on the 2-car garage and the warehouse connected to it. Buyer buys properties As-Is. 24-hour notice needed for showings

Properties border Highland to S Queen Street. There is access from S Queen Street to the warehouse and other buildings.

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