Mixed-Use Property For Sale – Located near Lancaster General Penn Medicine in Lancaster City!
225-231 Park Avenue
Lancaster, PA 17602
Unique Property with locally recognizable name, “Silder’s Garage”, located just around the corner from Lancaster General Hospital/Penn Medicine (1 minute walk). Sellers are the owners of the garage and will remain open for business until Property sells (no sign on property). Business Trade Name and existing auto-related equipment available for sale for $50,000, or seller will vacate if sale is for real estate only. | **225 Park Ave** features the garage on the first floor with 1 drive in door, small office area, 2 restrooms & plenty of large windows. 2nd floor, previously a bar/club, features restrooms, small commercial kitchen, office and is otherwise an open, clear span space with wood floors and large windows. This building has a basement, gas heat – hot water radiators . One gas meter for the building and 2 electric meters (one per floor). Roof was replaced in 2018. | **231 Park Ave** features a single story building which includes a 1,032sf two-bedroom residence with basement and 5 storage units with roll-up garage doors. This building has its own water meter, gas meter and electric meter. Current Tenant is M2M and pays $775/month plus electric, gas and water/sewer; Landlord pays trash, taxes and stormwater fee. 4 of the 5 storage units are rented M2M for $60 each; the 5th is occupied by Seller. Roof was just replaced in 2020. This parcel also includes the parking area which can fit 8-10 cars depending how they are parked. There is free, unmetered street parking along Park Avenue. | Zoned RO; Property is 2 parcels on 1 deed, totaling .22 acres. Total annual taxes for both parcels is $10,566.27 as of June 2022 | Disclosures: Oil tanks were removed from under the parking lot by Liberty Environmental – DEP clearance letter is available. There is a public drive that runs between the parcels but Buyer could request the City turn this strip of land over to the Buyer since there is another public access to the rear/adjacent parcel/land owner.