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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



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.
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.
PROPERTY FACTS
| Price | $4,815,924 CAD | Building Class | B |
| Price Per Unit | $963,185 CAD | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 19,305 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2015 |
| Property Subtype | Apartment | Parking Ratio | 0.52/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MU - permits professional office | ||
| 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)
PROPERTY TAXES
| Parcel Number | 339-04730-0-0000 | Improvements Assessment | $1,918,864 CAD |
| Land Assessment | $90,528 CAD | Total Assessment | $2,009,392 CAD |
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
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Lofts at 512 North Market | 512 N Market St
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