PA > York
York, PA 17403,22 N STATE ST
York, PA 17403,22 N STATE ST
York, PA 17403,22 N STATE ST
York, PA 17403,22 N STATE ST
York, PA 17403,22 N STATE ST
York, PA 17403,22 N STATE ST
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Machelle Lewis

Machelle Lewis

+1(304) 676-5043
$ 825,000
Est. payment | /mo

3,480 SqFt

Save
$ 825,000
Est. payment | /mo
Save

3,480 SqFt

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 Sub-Type Mixed Use

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

Bright MLS (BMLS)
Listed by Adam Druck • Inch & Co. Real Estate, LLC
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+1(304) 676-5043

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22 N STATE ST