Bought with Jane P Megginson • Realty ONE Group Unlimited
$625,000
$625,000
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955-957 E KING ST Lancaster, PA 17602
0.47 Acres Lot
Key Details
Sold Price $625,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PALA2083588
Sold Date 04/21/26
Year Built 1890
Available Date 2026-02-28
Annual Tax Amount $8,498
Tax Year 2025
Lot Size 0.470 Acres
Acres 0.47
Lot Dimensions 0.00 x 0.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Prime Commercial Opportunity on East King Street. Strong traffic count. Flexible zoning. Ample parking. Mixed-use upside. Exposure without parking is a liability. This property solves that. 955–957 E King Street offers visibility, flexibility, and long-term upside along one of Lancaster's most heavily traveled corridors, with 17,000+ vehicles per day. Situated on 0.47 acres, the property provides exceptional street presence supported by 23+ on-site parking spaces…a rare and valuable asset in this location. The existing 5,528 square feet of improvements are located within the Local Commercial zoning district, intended to serve surrounding residential neighborhoods with convenient, neighborhood-oriented goods and services. Permitted uses include medical office, professional office, financial institutions, retail (under 20,000 SF), restaurant, veterinary office, funeral home, daycare, nonprofit facilities, and mixed-use residential in combination with commercial use. This property already benefits from an established residential apartment within the principal building, delivering immediate income potential, with additional upside through the opportunity to develop a second residential unit (subject to approvals). The rare mixed-use flexibility within this zoning allows for layered income streams and scalable returns — ideal for an investor seeking stronger yield or an owner-occupant looking to significantly reduce overhead. The district's design standards promote long-term stability and compatibility with surrounding neighborhoods, protecting value while allowing meaningful commercial activity. The lot configuration and parking capacity support multiple business models, repositioning strategies, or phased occupancy. In a supply-constrained commercial corridor, 955–957 E King Street stands out as a well-positioned asset for investors and operators who recognize the importance of location, infrastructure, and future upside.
Location
State PA
County Lancaster
Area Lancaster Twp (10534)
Zoning LOCAL COMMERCIAL
Interior
Hot Water Electric, Natural Gas
Heating Baseboard - Hot Water, Radiator, Forced Air
Cooling Central A/C
Flooring Carpet, Hardwood, Vinyl
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 23.0
Water Access N
Roof Type Rubber,Shingle,Slate
Accessibility Ramp - Main Level, 2+ Access Exits
Total Parking Spaces 23
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Burrowes
Middle Schools Lincoln M.S.
High Schools Mccaskey H.S.
School District School District Of Lancaster
Others
Tax ID 340-80858-0-0000
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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