200 N DUKE STREET
LANCASTER, PA 17602

$5,800,000

Sq. Ft.: 34,111
Type: Commercial
Listing #pala2050138
***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 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.
Listing Courtesy of: PPM Real Estate, Inc. (717) 394-3374
Property Features
Location Information
County: LANCASTER
Municipality: LANCASTER CITY
Cross Street: East Chestnut Street
Latitude: 40.04156933
Longitude: -76.30453462
MLS Area: Lancaster City (10533)
Interior Features
Heating: Central, Forced Air
Heating Fuel: Natural Gas
Cooling: Central A/C
Floors: Ceramic Tile, Partially Carpeted, Vinyl
Exterior Features
Is New Construction: No
Septic or Sewer: Public Sewer
Water: Public
Parking Description: Private
Commercial/Industrial Type: Professional, Other/Genera
Approximate Net Sq. Ft.: 36,655
Additional Information
ListDate: 2024-04-24 00:00:00.0
Property SubType: Commercial Sale
Year Built: 1954
Status: Active
Tax Year: 2024
Tax Amount: $119,637.33


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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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BRIGHT(MRIS/Trend) data last updated at December 20, 2024 11:32 PM ET