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221 E Princess St
York, PA 17403
Office Property For Sale
Investment Highlights
- The property is centrally located in York City with strong street visibility and pedestrian traffic.
- The site benefits from medium traffic flow, paved road access, and a level lot.
- 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.
Executive Summary
Exceptional value-add opportunity in the heart of downtown York! This two-story, 5,250 SF commercial building sits on an 8,466 SF lot at 221–225 E. Princess Street and offers the rare combination of prime street visibility, flexible Office/Flex layout, and dedicated on-site parking — a premium asset that is hard to find in the urban core. The property is vacant offering a blank canvas for renovation and customization. Ideal for a non-profit organization, professional services firm, medical or wellness office, or savvy investor seeking a repositioning play in a growing downtown market. Priced competitively at $325,000 — well below stabilized value. Property Highlights: 5,250 SF building | 8,466 SF lot Two-unit Office/Flex layout — 1st & 2nd floor suites Dedicated on-site parking lot High-visibility corner location on E. Princess Street Vacant — immediate possession at closing Zoned for office/flex commercial use
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,226 SF
Building Class
C
Year Built
1955
Price
$451,838 CAD
Price Per SF
$202.98 CAD
Cap Rate
9.70%
NOI
$43,828 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,226 SF
Slab To Slab
12’
Building FAR
0.26
Lot Size
0.19 AC
Zoning
Commercial
Parking
10 Spaces (4.49 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 06-104-01-0056.00-00000 | Improvements Assessment | $3,128 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,128 CAD |
Property Taxes
Parcel Number
06-104-01-0056.00-00000
Land Assessment
$0 CAD
Improvements Assessment
$3,128 CAD
Total Assessment
$3,128 CAD
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