$122,400
800 S Queen St, Lancaster, PA, 17603
6,800
Square feet
1.39
Acres
Lancaster’s iconic Rebman’s store to be redeveloped into a mixed-use complex including 52 apartment units (25 market and 27 affordable) and offering 6,800 +/- SF of commercial space. Strategically located in Lancaster City , in the Opportunity Zone and LERTA (Local Economic Revitalization Tax Assistance) tax district. Strong preference for a grocery or convenience store tenant at the property (concept renderings under Documents). Developer can offer $500,000 to support developer-approved grocery store fit-out, which will be amortized into initial lease term. Groundbreaking started in November 2023 with demolition and site preparation. Developer has received the permit for a retaining wall and contractor has been engaged. The project is expected to pre-lease by late summer and accept the first tenants in late fall 2024. Asking lease rate is $18/SF NNN for vanilla shell commercial space. See listing agent for additional information.
Facts & Features
| MLS® # | PALA2046166 |
|---|---|
| Price | $122,400 |
| Bathrooms | 0.00 |
| Square Footage | 6,800 |
| Acres | 1.39 |
| Year Built | 2024 |
| Type | Commercial Lease |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 800 S Queen St |
|---|---|
| Area | Lancaster City (10533) |
| City | Lancaster |
| County | LANCASTER-PA |
| State | PA |
| Municipality | LANCASTER CITY |
| Zip Code | 17603 |
| Senior Community | No |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Other |
|---|---|
| Cooling | Other |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Combination |
|---|
School Information
| District | SCHOOL DISTRICT OF LANCASTER |
|---|
Additional Information
| Date Listed | January 25th, 2024 |
|---|---|
| Days on Market | 93 |
| Zoning | COMMERCIAL URBAN |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass Real Estate, LLC |
|---|---|
| Contact Info | (717) 431-8300 |