Redevelopment site for sale, consisting of 2.3 acres of land in Lancaster City with improved buildings. The zoning was successfully changed to Mixed Use recently, which will allow for a potential density of 148 apartment units.
The site consists of a 3-story building which is currently a mix of office and industrial uses on the east end of the parcel, and a collection of industrial buildings on the west end of the parcel.
Architectural renderings show a 104-unit apartment building on the west end, which would call for the removal of the industrial buildings. There are also plans for the renovation of the existing buildings on the east end to accommodate an additional 44 units. The existing parking plan provides 126 parking spaces on the site. A parking variance would be required to provide relief from the parking requirement of 1 space per unit. The owner is open to seller financing with a 30% down payment.