Lancaster, PA 17602,343 S REAR S ANN ST
Lancaster, PA 17602,343 S REAR S ANN ST
Lancaster, PA 17602,343 S REAR S ANN ST
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Listed by Thomas Mickey Snyder Jr. • Keller Williams Elite
$ 824,900
Est. payment | /mo

0.33 Acres Lot


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$ 824,900
Est. payment | /mo
Save

0.33 Acres Lot

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PALA2080436

Year Built 1945

Annual Tax Amount $849

Tax Year 2025

Lot Size 0.330 Acres

Acres 0.33

Lot Dimensions 0.00 x 0.00

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Exceptional .69-acre mixed-use investment opportunity spanning four adjoining parcels in Lancaster City, fully serviced with public water, public sewer, and electric. Three of the parcels—343 Rear S Ann St (TAXID 3374841000000), 324 S Marshall St Rear (TAXID3374070900000), and 330 S Marshall St Rear (TAXID 337383800000) operate as a legally pre-existing self-storage facility, offering 21 units plus approximately 6,200 sq ft of outdoor storage. These parcels deliver strong, immediate cash flow from an established, grandfathered use.

The fourth parcel, 523 Rear Juniata St (TAXID 3374317000000) , is not currently part of the storage operation but provides significant development flexibility. Because all four parcels physically adjoin one another, the entire .69 acres can be combined, allowing the potential to expand the existing storage facility (subject to approvals) and create a unified, higher-income complex.

This parcel also has an active plan underway for a 1,200 sq ft miscellaneous repair shop, which is permitted by right—meaning this use is allowed outright so long as it follows ordinance guidelines and completes the standard municipal process. Stormwater engineering for this 1,200 sq ft building has already been completed, giving a future owner a head start.

The zoning district offers several additional permitted-by-right or feasible development options, subject only to following the ordinance and completing the normal review steps. These include concepts such as townhouses, multifamily buildings, or residential units above a non-residential use (above a non-residental use). When the parcels are combined, the full .69-acre footprint may support increased density, making residential or mixed-use development even more attractive.

With steady cash flow, four fully serviced and adjoining lots, multiple permitted-by-right pathways, and major value-add potential, this property represents a rare and powerful opportunity. Ideal for developers, investors, or owner-operators looking for a site that can grow into a significantly more valuable mixed-use complex. Owner is a licensed Pennsylvania real estate agent. This property offers numerous permitted uses and strong future potential. Please contact me directly with any questions regarding rents, permits, or the development plan currently in progress for the lot.

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning R-3

Interior

Hot Water None

Heating None

Cooling None

Flooring Concrete

Heat Source None

Exterior

Garage Spaces 60.0

Utilities Available Sewer Available, Water Available, Electric Available

Water Access N

View City

Roof Type Metal

Street Surface Access - On Grade,Paved

Accessibility No Stairs, Level Entry - Main

Road Frontage Public, City/County

Total Parking Spaces 60

Garage N

Building

Lot Description Additional Lot(s), Adjoins - Open Space, Private, Open, Level

Foundation Block, Stone, Concrete Perimeter

Sewer Public Sewer

Water Public

New Construction N

Schools

School District School District Of Lancaster

Others

Tax ID 337-48410-0-0000

Ownership Fee Simple

Security Features Surveillance Sys

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Christopher Holt

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(610) 733-1829

chris@chrisholtrealty.com

686 Wharton Blvd, Exton, PA, 19341, United States

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343 S REAR S ANN ST