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555 North Charlotte Street, Unit 500
Lancaster, PA 17603
Asking Price
$7.95M
Asset Type
Commercial Multifamily
Class
Class B
What's Special
Multifamily Land <ul><li>This is the former Snavely Lumberyard that has been subdivided from a larger tract, as a site condominium.</li><li>Several existing structures will need to be razed to accomodate and execute the multi-family development.</li><li>230 spaces accomodated on-site within proposed development plan.</li><li>Electric - PA Power & Light (PPL)</li><li>Natural Gas - UGI</li><li>Water & Sewer - City of Lancaster (*No tap fees.)</li></ul>
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NOI
$80,000
Cap Rate
1.01%
DSCR
0.17
Underwater
Cash-on-Cash
-16.44%
Monthly Payment
$39,332.262
Annual Cash Flow
$-391,987.148
