512 N Market St - Apartments FOR SALE


Lancaster, PA 17603- Stadium District
$3,450,000 USD
717-231-7451
512 N Market St, Lancaster, PA for Sale
$3,450,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

512 N Market St
Lancaster, PA 17603
Stadium District


HIGHLIGHTS

  • Fully leased apartments provide stable passive income.
  • Renovated Class A office space with industrial finishes.
  • Ideal for owner-user with turnkey office setup.
  • Located near Lancaster General Hospital and Clipper Stadium.
  • On-site parking and elevator access enhance usability.

OVERVIEW

Positioned in the heart of Lancaster City, 512 N. Market Street presents a rare opportunity to acquire a fully renovated, income-producing mixed-use asset. This 19,305 SF masonry building blends historic charm with modern functionality, featuring exposed brick, wood beams, and LED lighting throughout. The property includes 11,355 SF of Class A office space across two floors, ideal for an owner-user seeking a turnkey headquarters with built-in income from five fully leased one-bedroom apartments. Originally constructed in 1910 and comprehensively renovated in 2015, the building offers elevator access, updated restrooms on both office floors, and a basement for additional storage. The office interiors are thoughtfully designed with open workspaces, private offices, conference rooms, and a boardroom, all supported by a professional-grade infrastructure. Furniture is available for purchase, allowing seamless transition for the next owner. Located just blocks from Clipper Magazine Stadium, Penn Medicine Lancaster General Hospital, and the YMCA, the property benefits from strong walkability and proximity to major thoroughfares including Route 222. With on-site parking in both the front and rear, and a zoning designation that supports professional office use, this asset is well-positioned for long-term value and operational flexibility.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$179 USD /SF

# OF UNITS

5

PRICE/UNIT

$690,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lofts at 512 North Market

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

MU

APN/PARCEL ID

339-04730-0-0000

ASK ABOUT THIS PROPERTY

Jason SourbeerCushman & WakefieldMore Info
717-231-7451

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Jason SourbeerCushman & WakefieldMore Info
717-231-7451

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.