126-128 N PINE ST Lancaster, PA 17603
0.26 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Chestnut Hill
MLS Listing ID PALA2077334
Year Built 1890
Annual Tax Amount $15,771
Tax Year 2025
Lot Size 0.260 Acres
Acres 0.26
Lot Dimensions 0.00 x 0.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Investor Alert! A rare opportunity has become available in Lancaster's highly desirable Chestnut Hill neighborhood. This unique property package combines an 8-unit apartment building, a 12,000+ square-foot warehouse, and a 2-car garage—an exceptional chance to secure both income-producing assets and redevelopment potential in one of the city's most sought-after areas.
The existing 8-unit apartment building at 126–128 N. Pine Street is fully established, featuring a mix of one-bedroom units and efficiency apartments. This building provides a reliable foundation of rental income and is well positioned to benefit from the strong demand for housing in Lancaster's West End. The apartments are conveniently located within walking distance of Central Market, the Fulton Theatre, restaurants, coffee shops, and cultural destinations that continue to drive interest in this vibrant neighborhood.
Adjacent to the apartment building is the two-story, 12,000+ square-foot brick and block warehouse. With its solid construction and impressive size, this warehouse is a prime renovation project offering nearly limitless potential. Located in Lancaster's High Density Residential (R-4) Zoning District, the property invites creative redevelopment options, including residential conversions, loft apartments, or some mixed-use possibilities. Investors with vision will recognize this as an outstanding opportunity to add significant value in a rapidly appreciating market.
Also included in the package is a separate 2-car garage, providing additional utility and value. Some off-street parking is available, a highly desirable feature for both current tenants and any future redevelopment projects.
The Chestnut Hill location only adds to the appeal. Known for its tree-lined streets, historic homes, and welcoming sense of community, this neighborhood is one of Lancaster's most cherished. With continued revitalization throughout the city, properties in this area have seen sustained growth in demand and value.
Whether your goal is to maintain the steady income from the existing apartments, reimagine the warehouse into high-value residential units, or create a mixed-use project that blends housing with commercial potential, this property offers extraordinary flexibility and long-term upside.
Opportunities like this in Lancaster City are increasingly rare. With an 8-unit building providing immediate income, plus a warehouse ready for redevelopment in a zoning district designed for density, this listing is tailor-made for the savvy investor or developer seeking their next project.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning R-4
Interior
Hot Water Other
Heating Hot Water
Cooling Other
Heat Source Natural Gas
Exterior
Garage Spaces 5.0
Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Sewer Available, Water Available
Water Access N
Accessibility None
Total Parking Spaces 5
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Fulton E.S.
Middle Schools John F Reynolds
High Schools Mccaskey Campus
School District School District Of Lancaster
Others
Tax ID 335-78521-0-0000 AND 335-69785-0-0000
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
GET MORE INFORMATION
