New

$479,500

For Sale

6 hours ago

343 , Lancaster, PA

Name: 343 , For Sale in Lancaster - eXp Realty
Brand: Keller Williams Elite
SKU: PALA2090882
Price: 479500 USD

House

MLS® PALA2090882

0 Bed

0 Bath

Key Facts
Description
Map

Key Facts

Type Commercial Land

Levels Commercial Sale

Size -

Garage

Taxes $855

Days Active 0

Lot Size 0.33 Acres

Approx. Age 1945

MLS® Number PALA2090882

Property Address: 343 S Rear S Ann Street, LANCASTER, PA, 17602

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® NumberPALA2090882

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1945

Basement

DrivewayPaved Parking, Parking Lot

Garage Spaces

HeatNone

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 26, 2026List Date

$479,500List Price

Commute

Commute

Starting Address

Destination Address

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