PA
YORK
YORK
17403
22 N STATE STREET
22 N STATE STREET, YORK, PA 17403
Listing Type
Commercial/Industrial
Listing Status
active
21
$825,000

Home Details for 22 N STATE STREET

Price
$825,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
0.0
Square feet
NaN
Year built
1910
Lot size acres
0.04
County
YORK
Garage
Days on site
41
MLS Listing#
PAYK2072818
Listing courtesy: Inch & Co. Real Estate, LLC - 717-904-4500
Property Description

Prime investment opportunity at 22 N State St! This mixed-use commercial property offers immediate income potential and significant value-add opportunities. The first floor is leased to a long-term tenant at $2,500/month, with an additional newly approved commercial space in the lower level (separate entrance) projected to rent for $900-$1,000/month. Four residential units on the upper floors, each with private entrances, generate a total of $6,850/month (Units 1 & 2 at $1,850 each with recent increases, and Units 3 & 4 at $1,650 and $1,500, both month-to-month with room for rent adjustments). The 14-space parking lot serves tenants and commercial use, with one space currently rented for $50/month and potential for more. Recent upgrades include a fully replaced roof (2 years), and updates to electrical, plumbing, security and fire systems, and exterior (all within 3 years). The property is currently at a 9% CAP rate and 10.6% cash-on-cash return, with the potential to exceed a 11% CAP rate and 17% cash-on-cash return with market rent adjustments. Don’t miss this high-performing asset—contact us today for detailed financials and a private tour!

Property Features
  • Heating Information
    • Electric
    • Natural Gas
    • Forced Air
    • Baseboard
  • Cooling Information
    • Central Air
    • Window Unit(s)
    • Electric
  • Parking
    • On Street
    • Parking Lot
  • Water Features
    • Public
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2025 Bright MLS. All rights reserved.
Last Updated: 2024-12-19 02:55:08
Transportation
Check the walk, transit, and bike score for
Neighborhood Market Statistics
See average values in the proximity of this property
Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Bright MLS.
EXIT PREFERRED REALTY
2021 East Main St., Waynesboro, PA 17268
Office
717 263 3555
Request more details
Code: