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221 E Princess St 5,250 SF Office Building York, PA 17403 $433,196 CAD ($82.51 CAD/SF) 10.20% Cap Rate
Investment Highlights
- Adaptive reuse/Value add opportunity
- Already separately metered, blank canvas for creative repositioning
- Hybrid live work for a business looking to owner occupy
- UN2 Zoning district allows for multi-family apartment conversion, hybrid live-work, and a plethora of commercial uses ranging from retail to office.
- Potential to collect additional income from excess parking.
- Neighborhood multi-unit retail/office location
Executive Summary
Weichert, Realtors® – The Ortega Group is pleased to present the exclusive sale of 221–225 E.? Princess Street, a two-story, 5,250 SF commercial building on an 8,466 SF lot in the heart of downtown York, Pennsylvania.? Offered at $309,000, the property represents a compelling value-add opportunity for investors and owner-users seeking an established commercial presence with significant upside potential.?
Built in 1955, 221–225 E.? Princess Street is a two-story stucco commercial building comprising 5,250 SF on an 8,466 SF lot.? Zoning classified as UN2 which allows for multi-family apartment conversion, hybrid live-work, and a plethora of commercial uses ranging from retail to office.?
The property is centrally located in York City with strong street visibility and pedestrian traffic.? Penn Park and JL Williams Memorial Park are within a short walk.? York College of Pennsylvania and WellSpan York Hospital are both 7–10 minutes away.? The site benefits from medium traffic flow, paved road access, and a level lot.?
Built in 1955, 221–225 E.? Princess Street is a two-story stucco commercial building comprising 5,250 SF on an 8,466 SF lot.? Zoning classified as UN2 which allows for multi-family apartment conversion, hybrid live-work, and a plethora of commercial uses ranging from retail to office.?
The property is centrally located in York City with strong street visibility and pedestrian traffic.? Penn Park and JL Williams Memorial Park are within a short walk.? York College of Pennsylvania and WellSpan York Hospital are both 7–10 minutes away.? The site benefits from medium traffic flow, paved road access, and a level lot.?
Data Room Click Here to Access
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,250 SF
Building Class
C
Year Built
1955
Price
$433,196 CAD
Price Per SF
$82.51 CAD
Cap Rate
10.20%
NOI
$44,196 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,625 SF
Slab To Slab
12’
Building FAR
0.62
Lot Size
0.19 AC
Zoning
UN2 (Urban Neighborhood) - UN2 Zoning district allows for multi-family apartment conversion, hybrid live-work, and a plethora of commercia
Parking
10 Spaces (4.49 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Very walkable
80/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 06-104-01-0056.00-00000 | Total Assessment | $3,187 CAD |
| Land Assessment | $0 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,187 CAD | Tax Year | 2026 |
Property Taxes
Parcel Number
06-104-01-0056.00-00000
Land Assessment
$0 CAD
Improvements Assessment
$3,187 CAD
Total Assessment
$3,187 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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221 E Princess St
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