$169.14 Per Sq Foot $33,283 est/mo Sourced by Back At You

200 N Duke St,Lancaster, PA 17602

Lancaster PA, 17602

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Description

See Brochure under Documents. Property is offered as an investment or Owner Occupant. 4 Tenant Spaces + a 44 car parking garage. Currently 2 of the spaces are leased to stable long term Tenants. Available space for owner occupant or new end user is about 13,000sf at 200 North Duke Street, plus 3,500sf Firehose retrofitted for retail use at 202 N Duke Street. Additionally there are a few large offices on the first floor of 39 East Chestnut Street that are available. Projected cap rate at full occupancy is 8.9%. Current NOI from the 2 tenants is a 4% cap rate at the $6.2mm sale price. 34,111+/- sq. ft. Total (not including garage). This building is 100% sprinklered, has heavy IT/data wiring, high efficiency HVAC systems, is ADA compliant and situated on the corner of Chestnut/Duke Streets with 2 adjacent public parking garages. Building was previously home to the Lancaster City Police Station and Firehouse before being developed into the office, services and retail center it is today. The available office space can be subdivided and offers several offices/conference rooms which are wired for projectors, open space with existing work stations, private restrooms, furnished break room, direct glass door entrance from Duke Street and direct Elevator access from first floor lobby & secure garage. 3-4 Additional parking spaces are located behind the building and are well suited for the Firehouse future occupant. Tours of the vacant space can happen with little notice. Occupied areas of the building require advance notice for scheduling.

Details

MLS#PALA2050138
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1954
Days On Site91
Listing Provided ByPPM Real Estate, Inc. | Corinn E. Kirchner
Buying Commision2% Of Gross

Features

SQ Feet36,655
ZoningCBD

Market Activity 17602

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Listings Checked: 11 minutes ago
StatePA
CountyLancaster
CityLancaster
Zip Code17602
AreaLancaster City
School DistrictSchool District Of Lancaster
Listing VS Median (in 17602)
Price:
$6,200,000
low | high
Med:
$279,900
100% of Average
SqFt:
36,655
low | high
Med:
975
100% of Average
$ / SqFt:
$169
low | high
Med:
$287
19.722655086849% of Average
On Site:
91
low | high
Med:
41.000000
100% of Average
Sourced by Back At You
Listing Updated: June 27, 2024 at 1:31:01 PM PDT