205 E KING ST, Lancaster, PA 17602
205 E KING ST, Lancaster, PA 17602
205 E KING ST, Lancaster, PA 17602
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Fran Valerio

Fran Valerio

+1(717) 602-0551
Listed by Anne M Lusk • Lusk & Associates Sotheby's International Realty
$1,025,000
Est. payment /mo
3,049 Sqft Lot
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Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Subdivision Musser Park

MLS Listing ID PALA2093952

Year Built 1870

Annual Tax Amount $6,403

Tax Year 2026

Lot Size 3,049 Sqft

Acres 0.07

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Welcome to a rare opportunity in the heart of Downtown Lancaster, nestled in the vibrant Musser Park, where charm, convenience, and potential come together in one exceptional property. This five-unit building offers a first floor commercial space with unmatched walkability, easy access to local restaurants, coffee shops, bakeries, shopping, and entertainment. Just steps away from Central Market, the Fulton Theatre, the Ware Center, and the courthouse, the location is ideal for both residential and commercial use. Whether you're an investor seeking strong rental income or an owner-occupant looking to offset expenses, this mixed-use property delivers exceptional versatility.
The property includes four residential units along with a dedicated commercial space. The carriage house features a garage on the lower level and an upper-level living space complete with a kitchen, bathroom, dramatic two-story living room, and lofted sleeping area, creating a unique and inviting atmosphere. A private deck and large backyard offer great outdoor living.
Across the patio from the carriage house a second-floor unit includes one bedroom, one bath, and a deck, along with a shared patio. The rear unit also offers one bedroom and one bath, showcasing a blend of preserved original character and modern updates.
At the front of the building, the first-floor commercial space is a blank canvas ready to be customized for a variety of uses, benefiting from strong foot traffic in this vibrant downtown setting.
The fourth residential unit is similar to a single-family home, featuring a mudroom-style entry, a second floor living area with kitchen and living room, and a third floor with two bedrooms and a full bath.
With four residential units plus commercial space, multiple income opportunities, and a prime location, this property is a standout investment. Schedule your private tour today.

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning MIXED USE

Interior

Hot Water Electric, Natural Gas

Heating Forced Air, Hot Water

Cooling Other, Ductless/Mini-Split

Flooring Wood, Laminated, Luxury Vinyl Plank, Ceramic Tile

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Water Access N

Accessibility None

Total Parking Spaces 2

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Mccaskey Campus

School District School District Of Lancaster

Others

Tax ID 332-17207-0-0000

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)

NEARBY SCHOOLS & PROPERTIES

Fran Valerio
Fran Valerio

Listing Specialist, Team Leader RSRS311467

+1(717) 602-0551 | fvalerio@soldincentralpa.com

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