$6,500,000

39 E Chestnut St, Lancaster, PA, 17602

34,111

Square feet

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.

Facts & Features

MLS® # PALA2029498
Price $6,500,000
Bathrooms 0.00
Square Footage 34,111
Acres 0.00
Year Built 1954
Type Commercial Sale
Sub-Type Condo, Office
Status Active

Community Information

Address 39 E Chestnut St
Area Lancaster City (10533)
City Lancaster
County LANCASTER-PA
State PA
Municipality LANCASTER CITY
Zip Code 17602
Senior Community No

Amenities

Utilities Natural Gas Available, Electric Available
Parking Private
Is Waterfront No

Interior

Heating Central, Forced Air
Cooling Central A/C
Has Basement No
Fireplace No

Exterior

Exterior Brick and Siding

School Information

District SCHOOL DISTRICT OF LANCASTER

Additional Information

Date Listed January 16th, 2023
Days on Market 439
Zoning CENTRAL BUSINESS DISTRICT
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficePPM Real Estate, Inc.
Contact Info(717) 394-3374

Listing Map

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