This prominent two-story commercial property spans a full city block from Duke Street to Christian Street and totals b1;34,111 gross square feet, with b1;14,952 square feet currently available for owner occupancy or lease. The Building is occupied by 3 well-qualified tenants, while the available space includes much of the second… Read More floor plus portions of the first floor and features its own entrance on Duke Street with the separate address of 200 N Duke Street, allowing for distinct identity and signage. The property includes a 44-space private parking garage with 20 spaces available for the vacant areas, elevator access to all levels, separately controlled HVAC, robust data/IT infrastructure, and a fully sprinklered building with monitored fire alarm system. Positioned at a signalized intersection in Lancaster's Central Business District, the property offers strong visibility with exposure to 8,000+ VPD on Chestnut Street and 9,000+ VPD on Duke Street. Just 2.5 blocks from Penn Square and within walking distance to Central Market, the courthouse, restaurants, entertainment, and other downtown amenities, this is a rare opportunity to acquire a substantial mixed-occupancy asset with immediate income and future upside. Projected CAP rate of 9.28% at full occupancy. Current CAP rate with vacancy is 5.48% at asking price. Property was converted into a condominium but is not operated as such since there is one owner/landlord. Total RE taxes for all condos as of April 2026 are $125,799.69. Read Less
Courtesy of Corinn E. Kirchner, PPM Real Estate, Inc. 717-394-3374
Listing Snapshot
Days Online
6
Last Updated
Property Type
Commercial
Year Built
1954
MLS Number
PALA2086866
Additional Details
Building
Built in 1954, Built in 2000 (effective), 2 stories, Construction Materials: Brick
Cooling
Central A/C
Accessibility Features
2+ Access Exits, Elevator, Level Entry - Main
Heating
Central
Lot
Dimensions: 0.00 x 0.00, Corner
Parking
Private
Property
City, Street
Sewer
Public Sewer
Taxes
Annual Amount: $1, Year: 2026, Zoning: CBD, Zoning description: Central Business District
Utilities
Water Source: Public
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