MLS#PALA2089714
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLDONEGAL
Property Description
Completely revitalized and ready for its next chapter, this 9-unit apartment community presents an exceptional opportunity to acquire a great multifamily asset in one of Lancaster County's more desirable rental markets. The property consists of two buildings featuring a mix of spacious apartments, including seven, 1-bedroom units and two, 3-bedroom units, offering an attractive blend of affordability and family-oriented housing. Following extensive renovations and structural improvements, the property is well positioned for great long-term performance. All units except one feature updated finishes and modernized interiors, while the overall improvements significantly reduce deferred maintenance concerns for a new owner. Tenants will appreciate the generous unit layouts, off-street parking, and convenient location within the charming borough of Mount Joy. With 9 off-street parking spaces, strong rental demand in the area, and the opportunity to lease newly improved units at current market rates, this property offers both immediate income potential and long-term appreciation. Whether you're looking to expand an existing portfolio or acquire a turnkey multifamily investment in a high-demand Lancaster County location, this is an opportunity worth serious consideration. Don't miss the opportunity! Note that the seller is working through the final details of lifting the condemnation that was due to structural issues that have been remediated. The property will be delivered with an occupancy permit, fully prepared for occupancy.
Property Features
Property Type: Commercial -
Cooling: Window Unit(s)
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.18 Acres
Roof Type: Asphalt, Rubber, Shingle
Taxes: $10,530
Year Built: 1840
Feature Descriptions
Accessibility: 2+ Access Exits
Days on Site: 6
Electric: 200+ Amp Service
Exterior: Frame, Vinyl Siding, Brick
Flooring: Luxury Vinyl Plank, Vinyl
Location: Downtown
Lot: Corner, Level, Rear Yard, SideYard(s)
Lot Dimensions: 0.18 Acre(S)
Municipality: MT JOY BORO
Parking Notes: Private
Sewer: Public Sewer
Special View Info: City
Topography: level
Total Garage/Parking Spaces: 9
Units: 9
Utilities: Natural Gas Available, Sewer Available
Water: Public
Local Schools
High School: DONEGAL
Middle School: DONEGAL
Elementary School: DONEGAL
School District: DONEGAL
Listed By / Shown By
Listed By
Agency Name: Astoria Realty Advisors LLC
Agency Phone: 7174256264
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
101 W Main Street | MLS# PALA2089714
This commercial property located at 101 W Main Street, Mount Joy, PA 17552 is currently listed for sale with an asking price of $1,250,000. W Main Street is located within the DONEGAL school district. Search Mount Joy real estate on www.realtymark.net today.