22 N STATE ST new to site Save Request In-Person Tour Request Virtual Tour
York,PA 17403
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $237
MLS Listing ID PAYK2072818
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $2,369
Tax Year 2024
Lot Size 1,590 Sqft
Acres 0.04
Property Description
Prime investment opportunity at 22 N State St! This mixed-use commercial property offers immediate income potential and significant value-add opportunities. The first floor is leased to a long-term tenant at $2,500/month, with an additional newly approved commercial space in the lower level (separate entrance) projected to rent for $900-$1,000/month. Four residential units on the upper floors, each with private entrances, generate a total of $6,850/month (Units 1 & 2 at $1,850 each with recent increases, and Units 3 & 4 at $1,650 and $1,500, both month-to-month with room for rent adjustments). The 14-space parking lot serves tenants and commercial use, with one space currently rented for $50/month and potential for more. Recent upgrades include a fully replaced roof (2 years), and updates to electrical, plumbing, security and fire systems, and exterior (all within 3 years). The property is currently at a 9% CAP rate and 10.6% cash-on-cash return, with the potential to exceed a 11% CAP rate and 17% cash-on-cash return with market rent adjustments. Don’t miss this high-performing asset—contact us today for detailed financials and a private tour!
Location
State PA
County York
Area York City (15201)
Zoning COMMERCIAL
Interior
Hot Water Natural Gas,Electric
Heating Baseboard - Electric,Forced Air
Cooling Central A/C,Window Unit(s)
Heat Source Electric,Natural Gas
Exterior
Garage Spaces 16.0
Water Access N
Roof Type Rubber
Accessibility 2+ Access Exits
Total Parking Spaces 16
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District York City
Others
Tax ID 12-379-08-0009-00-00000
Ownership Fee Simple
SqFt Source Assessor
Security Features Fire Detection System,Monitored
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Special Listing Condition Standard