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39 E Chestnut Street

LANCASTER, PA 17602
  • $6,500,000
  • STATUS: Active
  • ON SITE: 411 Days
  • ID#: PALA2029498
UPDATED: 33 min ago
$6,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1954
County:

School Ratings & Info

School District:

Description

See Brochure under Documents. Property is offered as an investment or partial Owner Occupant. Currently, the Property offers 4 existing Tenant suites and 44 secure parking spaces in lower level garage. Projected CAP rate is 8.7% at full occupancy. The available space is Class A commercial space and includes parking - a rare find in the central business district. Site includes 39 East Chestnut Street & 202 North Duke Street. Property is 34,111+/- sq. ft. (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 and retail center it is today. Preliminary studies suggest that the building can support additional levels if the site were to be developed with additional stories added. | 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. | Existing Tenants include: Pennsylvania Probation & Parole Administrative Office & PA Options For Wellness. See brochure for lease terms.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-03-03T17:53:41.523.
www.centralpahomesaleteam.com/homes/136092255
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39 E Chestnut Street LANCASTER, PA 17602

  • Price: $6,500,000
  • Status: Active
  • On Site: 411 Days
  • Updated: 33 min ago
  • ID#: PALA2029498
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1954
Built
Neighborhood:
Lancaster City (10533)
County:
Lancaster
Area:
Lancaster City (10533)
School District:
School District Of Lancaster
Property Description
See Brochure under Documents. Property is offered as an investment or partial Owner Occupant. Currently, the Property offers 4 existing Tenant suites and 44 secure parking spaces in lower level garage. Projected CAP rate is 8.7% at full occupancy. The available space is Class A commercial space and includes parking - a rare find in the central business district. Site includes 39 East Chestnut Street & 202 North Duke Street. Property is 34,111+/- sq. ft. (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 and retail center it is today. Preliminary studies suggest that the building can support additional levels if the site were to be developed with additional stories added. | 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. | Existing Tenants include: Pennsylvania Probation & Parole Administrative Office & PA Options For Wellness. See brochure for lease terms.
Exterior Features

Construction Materials Brick Garage YN No Parking Features Private Parking Types Private GarageOn StreetPublic Garage Property Condition Very Good Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 36655.00 Cooling Central A/C Flooring Ceramic TilePartially CarpetedVinyl Heating CentralForced Air Heating YN Yes Net Square Feet 34111.00

Property Features

Accessibility Features 2+ Access ExitsElevatorLevel Entry - Main Association YN No Business Type ProfessionalOther/General Retail Central Air YN Yes Cooling Fuel Natural Gas Cross Street North Duke Street Heating Fuel Natural Gas Hot Water Natural Gas Internet Services Fiber Optic Lease Considered YN Yes Municipality LANCASTER CITY Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 802093823646 Ownership Interest Condominium Possession Settlement Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 117300.00 Tax Assessment Amount 0.00 Utilities Natural Gas AvailableElectric Available Vacation Rental YN No Water Source Public Zoning CENTRAL BUSINESS DISTRICT

Listing courtesy of PPM Real Estate, Inc.: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-03-03T17:53:41.523.
 
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801 Belvedere St, Suite 100
Carlisle PA, 17013
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