405 S Market St, Elizabethtown, PA 17022

$649,900

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List Price
$649,900
Days on Market
0
Status
ACTIVE
MLS#
PALA2094644
Lot Size (Acres)
0.26
Year Built
1908
County
Lancaster
School District
Elizabethtown Area

Property Description

Excellent mixed-use investment opportunity in Elizabethtown. Currently home to Primary Eye Care Center, this well-maintained solid brick property combines established commercial space with residential rental income and the potential for a long-term commercial tenant. The property consists of two primary buildings. The main office building houses Primary Eye Care Center, where patient examinations and office operations are conducted, with two one-bedroom apartments located above. The separate Opti Barn serves as the eyewear and optical retail location and includes an additional one-bedroom apartment above, providing a total of three residential units. The current owner would like to remain as a long-term tenant, leasing both the main office and Opti Barn. Projected income reflects anticipated market rents for the commercial spaces as well as adjusted residential rents, as the existing apartment rents are currently below market. The solid brick construction has been meticulously maintained throughout the years, providing an attractive opportunity for an investor seeking a combination of commercial and residential income in the Elizabethtown market.

Additional Information

Area
Elizabethtown Boro (10525)
Subdivision
None Available
Taxes
$7105
School District
Elizabethtown Area
Flooring
Carpet, Hardwood, Luxury Vinyl Plank, Vinyl
Heating
Baseboard - Electric, Baseboard - Hot Water, Hot Water & Baseboard - Electric
Heating Fuel
Natural Gas
Cooling
Central A/C, Window Unit(s)
Roof
Architectural Shingle
Utilities
None
Water
Public
Sewer
Private Sewer

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Calculator source: Real Geeks

Listing courtesy of Realty ONE Group Unlimited. Contact: (717) 569-1700