118 N George St, York, PA 17401

Property Description

Welcome to 116-118 N George St, a rare six-unit mixed-use investment opportunity in the heart of Downtown York’s Restaurant Row. Whether you’re looking to expand your portfolio or acquire a property with significant upside, this prime location puts you in the center of one of York’s most vibrant and walkable districts. Surrounded by popular restaurants, breweries, coffee shops, boutiques, nightlife, and countless local businesses, the property is also just minutes from WellSpan Park, the Appell Center for the Performing Arts, and Central Market. Annual rents and CAM total $100,140. The property features two commercial storefronts leased to the same long-term tenant for $3,095 per month, with an additional $500 per month in CAM. The lease runs through November 2028 and includes annual rent increases, providing built-in income growth. The residential portion consists of four fully rented apartments, including three two-bedroom units currently leased for $900, $1,500, and $1,500 per month, along with an efficiency unit rented for $850 per month. With annual operating expenses of approximately $5,000 for insurance and $5,000 for utilities, this property offers strong income in a highly desirable downtown location while giving investors the opportunity to capitalize on York’s continued revitalization and growth. Opportunities like this in the heart of Downtown York don’t come around often. Professional photos will be uploaded Wednesday. Call today to schedule your private tour before it’s gone!