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33923064

343 rear South Ann Street, Lancaster, PA 17602

TS
Commercial Real Estate Exchange Inc Marina Del Rey
Listed by Commercial Real Estate Exchange Inc Marina Del Rey
$479,500
9 days on market
Updated 9 days ago
Opportunity zone

343 S REAR S ANN ST

Details
Property Type Mixed Use, Self Storage
Square Footage 23,958
Units 21
Tenancy Multi
Rent Bumps No
Year Built 1945
Buildings 3
Lot Size (SqFt) 23,958
Zoning R-3
Ground Lease No
Sale Condition For sale by owner

Self Storage units with storage yard - Mixed Use

Marketing description

Rare commercial investment opportunity featuring 21 self-storage units, each approximately 9' x 20', providing secure, dry storage with outstanding income-producing potential. The property also includes a large storage yard and additional parking area, offering flexibility for outdoor storage, contractor parking, fleet vehicles, trailers, equipment, or future expansion, subject to applicable approvals.

The current self-storage operation is an established grandfathered nonconforming use that applies to the included parcels, allowing the continued operation of the existing self-storage facility. This presents a unique opportunity for investors to acquire an established income-producing property while benefiting from its existing use and future upside.

Public water, sewer, and electric are available on-site, adding to the property's long-term value and development flexibility. This offering includes three parcels that encompass the self-storage facility: 337-48410-0-0000, 337-48420-0-0000, and 337-38380-0-0000. Parcel 337-43170-0-0000, the adjacent flat undeveloped lot, is specifically excluded from this sale.

Whether you're expanding your investment portfolio or seeking a value-add commercial asset, this property offers tremendous potential. Lease-up and stabilization of all 21 storage units, combined with income from the additional storage yard and parking area, provide the opportunity to significantly increase cash flow. Existing utilities, multiple parcels, and the established grandfathered self-storage use make this a rare offering with immediate income potential and long-term upside. Buyer is responsible for verifying zoning, permitted uses, nonconforming use status, parcel information, measurements, and any future development opportunities.

Fully stabilized with a projected rental pro forma of $46,494.00. Additionally, the sale includes 11 new roll-up garage doors for the new owner, providing added value and reducing near-term capital improvement costs. Owner is Licensed PA Realtor

Investment highlights

Fully stabilized with a projected rental pro forma of $46,494.00.

Listing Contacts

TS
Commercial Real Estate Exchange Inc Marina Del Rey
Listed by Commercial Real Estate Exchange Inc Marina Del Rey

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Map

Zoning

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R3 ResidentialSingle FamilyResidential Medium Density
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View all 211 uses
View all 211 uses
Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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