347 N Reservoir Street Lancaster, PA ^$ 319,900

347 N Reservoir Street

^$ 319,900

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347 N Reservoir Street

Lancaster, PA, 17602

^$ 319,900

Bedrooms-- Baths-- Sq 580

Monthly Estimate*

^$ 2,020

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Commercial Property for sale in Lancaster, PA

for $319,900. This 580 square foot building was built in 1947 on a lot size of 0.05.

A distinctive two-unit property in the heart of Lancaster City, pairing a stabilized residential apartment with a ground-floor commercial storefront The upper level offers a 2-bedroom apartment with its own private entrance, currently leased at $1,600/month for immediate, dependable income. The ground-floor commercial space has been home to professional office space and established salon and aesthetics business for nearly 20 years. It is now vacant and ready for its next chapter. Ideally positioned on a beautiful tree-lined corner just steps from McCaskey High School, the property enjoys strong neighborhood presence and walkability. Whether you're an investor seeking dual income streams, an owner-operator looking to live above your own business, or a buyer drawn to a property with built-in versatility, 347 N Reservoir St is a genuine opportunity in a connected, growing city neighborhood. Schedule your private showing today.

Commercial Coming Soon

Price

^$ 319,900

Property Type

Commercial

Taxes

^$ 4,553

Style

Apartment Building,/General Retail,,Storage,Profes

Lot Size

0.05

Year Built

1947

Town/City

Lancaster

County/Region

Lancaster

MLS | Web ID

PALA2090766

Features

Interior

Heating Fuel Natural Gas

Hot Water Natural Gas

Heating Y/N Y

Central Air Y/N Y

General

Sewer Public Sewer

Heating Forced Air

Cooling Central A/C

Possession Settlement

Zoning 500 - COMM-RETAIL

Construction Materials Brick

Exclusions Tenant Belongings

Year Built 1947

Property Subtype Mixed Use

Tax Year 2025

Ownership Fee Simple

Cool Fuel Electric

Municipality LANCASTER CITY

Business Type Apartment Building Other/General Retail Other Storage Professional

Accessibility None

County LANCASTER

New Construction N

Property Type Commercial Sale

Water Access Y/N N

Status COMING SOON

Directions Use GPS

City LANCASTER

Number Of Units Total 1

MLS Area Lancaster City (10533)

Lot Size Units Square Feet

Lot Size Square Feet 2178.00

Tax Annual Amount 4553.0

Vacation Rental Y/N N

Standard Status Coming Soon

Year Built Source Assessor

Exterior

Water Source Public

Type of Parking Parking Lot

Water View Y/N N

Building Area Total 0.00

Lot Dimensions 0.00 x 0.00

Lot Size Acres 0.05

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 23300.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 347

* Excluded Features

List By

Keller Williams Elite

Broker

alex@whitt-group.com

Affordability Calculator

$2,399

Per Month

Monthly Principal & Interest: $2,020
Monthly Property Taxes: $379
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lancaster, PA

Average List Price ^$1,083,124

Percent of Sale Price 239%

About Lancaster, PA

61,016 Population

8% Since 2002

^$37,817 Median Income

34.09 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/24/2026	$319,900		Listed Price

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347 N Reservoir Street, Lancaster, PA, 17602 is a Commercial Property for sale at $319,900 with 580 sqft and a lot size of 0.05. 347 N Reservoir Street was built in 1947. The property's zip code is 17602 which is in Lancaster, PA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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347 N Reservoir Street

Commercial Property for sale in Lancaster, PA

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