Fulton Market
417 E. Frederick St., Lancaster, PA 17602
For Sale
47,697 SF
Fulton Market
417 E. Frederick St., Lancaster, PA 17602
For Sale
± 0 SF
Property Details
47,697 SF
1.06 Acres
Multi Family
$6,521,678.50
Multi
Existing
37
Natural Gas
Property Features
- Elevators: No
Project Description
Fulton Market Apartments is a 37-unit residential community totaling a combined 47,697 square-feet, in the heart of Downtown Lancaster. The apartments range from 1,176 – 1,650 square-feet in size and are arranged in the following layouts; (2) 3 bedrooms, 2.5 bathrooms, (1) 3 bedrooms, 2 bathrooms, (1) 4 bedrooms, 2 bathrooms, and (33) 2 bedrooms, 1.5 bathrooms. The property is within close proximity to the heart of Downtown Lancaster and in walking/short driving distance to nearby local traffic generators such as, Clipper Magazine Stadium, the Lancaster Convention Center, Central Market, The Fulton Theatre, Chameleon Club, and The Pressroom, just to name a few. The potential rents available in the area, are greater than the rents that are being currently collected, which provides upside to a Buyer. Operating at 87% occupancy, there is an opportunity to lease the 5 vacant units at market rates and increase the NOI immediately.
Property Location:
AVAILABLE SPACE: 0 SF
417 E. Frederick St., Lancaster PA 17602
417 E. Frederick St., Lancaster PA 17602
