343 S REAR S ANN ST
LANCASTER, PA 17602

$924,999

Sq. Ft.: N/A
Type: Commercial
Listing #PALA2080436
Exceptional .69-acre mixed-use investment opportunity spanning four adjoining parcels in Lancaster City, fully serviced with public water, public sewer, and electric. Three of the parcels--343 Rear S Ann St (TAXID 3374841000000), 324 S Marshall St Rear (TAXID3374070900000), and 330 S Marshall St Rear (TAXID 337383800000) operate as a legally pre-existing self-storage facility, offering 21 units plus approximately 6,200 sq ft of outdoor storage. These parcels deliver strong, immediate cash flow from an established, grandfathered use. The fourth parcel, 523 Rear Juniata St (TAXID 3374317000000) , is not currently part of the storage operation but provides significant development flexibility. Because all four parcels physically adjoin one another, the entire .69 acres can be combined, allowing the potential to expand the existing storage facility (subject to approvals) and create a unified, higher-income complex. This parcel also has an active plan underway for a 1,200 sq ft miscellaneous repair shop, which is permitted by right--meaning this use is allowed outright so long as it follows ordinance guidelines and completes the standard municipal process. Stormwater engineering for this 1,200 sq ft building has already been completed, giving a future owner a head start. The zoning district offers several additional permitted-by-right or feasible development options, subject only to following the ordinance and completing the normal review steps. These include concepts such as townhouses, multifamily buildings, or residential units above a non-residential use (above a non-residental use). When the parcels are combined, the full .69-acre footprint may support increased density, making residential or mixed-use development even more attractive. With steady cash flow, four fully serviced and adjoining lots, multiple permitted-by-right pathways, and major value-add potential, this property represents a rare and powerful opportunity. Ideal for developers, investors, or owner-operators looking for a site that can grow into a significantly more valuable mixed-use complex. Owner is a licensed Pennsylvania real estate agent. This property offers numerous permitted uses and strong future potential. Please contact me directly with any questions regarding rents, permits, or the development plan currently in progress for the lot.
Listing Courtesy of: Keller Williams Elite (717) 553-2500
Property Features
Location Information
County: LANCASTER-PA
Municipality: LANCASTER CITY
Latitude: 40.034052
Longitude: -76.29322058
MLS Area: Lancaster City (10533)
Directions: Head south on South Queen Street and go past King Street, Vine Street, and Farnum Street. Turn left onto Hazel Street. Turn right onto South Marshall Street and continue a few blocks. Turn left onto Juniata Street. Turn right onto 59 Alley property is on right
Interior Features
Heating: None
Heating Fuel: None
Cooling: None, None
Floors: Concrete
Water Heater: None
Total Number of Units: 21
Accessibility: No Stairs, Level Entry - Main
Exterior Features
Stories: 1
Is New Construction: No
Construction: Block, Metal Siding, Wood Siding, Frame
Foundation: Block, Stone, Concrete Perimeter
Roof: Metal
Septic or Sewer: Public Sewer
Electric: 120/240V
Utilities: Sewer Available, Water Available, Electric Available
Security Features: Surveillance Sys
Has Garage: No
Parking Spaces: 60
Site Description: Downtown
Lot Features: Additional Lot(s), Adjoins - Open Space, Private, Open, Level
Lot Size in Acres: 0.33
Lot Size in Sq. Ft.: 14,375
Dimensions: 0.00 x 0.00
Zoning: R-3
Condition: Very Good
Building Total Area (Sq. Ft.): 1,660
Road Description: Access - On Grade, Paved
Has Waterfront: No
Has Water Access: No
View Description: City
School
School District: SCHOOL DISTRICT OF LANCASTER
Additional Information
ListDate: 2025-12-04 00:00:00.0
Possession: Immediate, 0-30 Days CD
Property Type: COM
Property SubType: Commercial Sale
Year Built: 1945
Status: Active
Tax Year: 2025
Tax Amount: $849
Ownership Interest: Fee Simple
Exclusions: all equipment on property/storage area and contents in storage units
Business Type: Storage, Parking Lot, Other


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Monthly Insurance: $
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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BRIGHT(MRIS/Trend) data last updated at December 5, 2025, 12:50 AM ET