***CALL FOR OFFERS: All offers will be presented!*** 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… Read More 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 8.78%. Current NOI from the 2 tenants is a 4.2% cap rate at the $5.8mm 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. Read Less
Courtesy of Corinn Kirchner, PPM Real Estate, Inc. [email protected]
Listing Snapshot
Days Online
247
Last Updated
Property Type
Condominium
Square Ft.
36,655
Year Built
1954
MLS Number
PALA2050138
30 Days Snapshot Of 17602
$297k
-2%
(avg) sold price
32
-8%
homes sold
17
-32%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
34,111 net sqft, 36,655 total building sqft, Built in 1954, 4 units in building, Brick
Cooling
Central Air, Natural Gas, Central A/C
Accessibility Features
2+ Access Exits, Elevator, Level Entry - Main
Floors
Ceramic Tile, Partially Carpeted, Vinyl
Heating
Natural Gas, Central, Forced Air
Lot
Lot Size Dimensions: 0.00 x 0.00
Parking
Private
Sewer
Public Sewer
Taxes
Tax Annual Amount: $119,637, Tax Year: 2024
Utilities
Hot Water: Natural Gas, Natural Gas Available, Electric Available
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