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Lofts at 512 North Market 512 N Market St 5 Unit Apartment Building $4,815,924 CAD ($963,185 CAD/Unit) Lancaster, PA 17603

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INVESTMENT HIGHLIGHTS

  • Fully leased apartments provide stable passive income.
  • Ideal for owner-user with turnkey office setup.
  • On-site parking and elevator access enhance usability.
  • Renovated Class A office space with industrial finishes.
  • Located near Lancaster General Hospital and Clipper Stadium.

EXECUTIVE SUMMARY

Positioned in the heart of Lancaster City, 512 N. Market Street presents a rare opportunity to acquire a fully renovated, income-producing mixed-use asset. This 19,305 SF masonry building blends historic charm with modern functionality, featuring exposed brick, wood beams, and LED lighting throughout. The property includes 11,355 SF of Class A office space across two floors, ideal for an owner-user seeking a turnkey headquarters with built-in income from five fully leased one-bedroom apartments.
Originally constructed in 1910 and comprehensively renovated in 2015, the building offers elevator access, updated restrooms on both office floors, and a basement for additional storage. The office interiors are thoughtfully designed with open workspaces, private offices, conference rooms, and a boardroom, all supported by a professional-grade infrastructure. Furniture is available for purchase, allowing seamless transition for the next owner.
Located just blocks from Clipper Magazine Stadium, Penn Medicine Lancaster General Hospital, and the YMCA, the property benefits from strong walkability and proximity to major thoroughfares including Route 222. With on-site parking in both the front and rear, and a zoning designation that supports professional office use, this asset is well-positioned for long-term value and operational flexibility.

ATTACHMENTS

Marketing Flyer

PROPERTY FACTS

Price $4,815,924 CAD
Price Per Unit $963,185 CAD
Sale Type Investment
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.27 AC
Building Size 19,305 SF
No. Stories 3
Year Built/Renovated 1910/2015
Parking Ratio 0.52/1,000 SF
Zoning MU - permits professional office

AMENITIES

UNIT AMENITIES

  • Washer/Dryer
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Stainless Steel Appliances

SITE AMENITIES

  • Elevator

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1.5 5 - 1,010 - 1,060
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
339-04730-0-0000
Land Assessment
$90,528 CAD
Improvements Assessment
$1,918,864 CAD
Total Assessment
$2,009,392 CAD
  • Listing ID: 37636454

  • Date on Market: 2025-09-11

  • Last Updated:

  • Address: 512 N Market St, Lancaster, PA 17603

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