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200 N Duke Street,  Lancaster PA, 17602

(Active)
$6,200,000
|
36,655 sqft
|
MLS# PALA2050138
Last Updated: 5/14/2024 9:30 AM
Description for 200 N Duke Street Lancaster, PA 17602
See Brochure under Documents. 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 8.9%. Current NOI from the 2 tenants is a 4% cap rate at the $6.2mm 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.
Price
$6,200,000
LANCASTER
36,655 (approx)
PALA2050138
Active
Description
See Brochure under Documents. 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 8.9%. Current NOI from the 2 tenants is a 4% cap rate at the $6.2mm 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 Information
Property Type: Business Opportunities, Other
36,655 (approx) 1954 Brick
Public
Public Sewer
Natural Gas Available
Neighborhood
Room Information
Interior Features
Ceramic Tile, Vinyl, Carpet
Central Air
Gas Heat, Forced Air, Central
Elevator
Exterior / Lot Features
44 Parking Spaces, On Street
Brick
0.00 x 0.00
Driving Directions
From Penn Sq: Head North on Queen Street. Continue Straight for 2 blocks until you reach East Chestnut Street. Take a right onto East Chestnut. The property will be located on your left. North Duke and East Chestnut Streets. From Route 30 Fruitville Pike Exit: Take Fruitville Pike exit and continue straight until Fruitville Pike turns to North Prince Street. Continue straight on North Prince Street until your reach Chestnut Street. Take a left and the property is 2 blocks up on your left. Located at the corner of North Duke and East Chestnut Streets.
Financial Considerations
MULTIPLE TAX IDS
$119,637
Listing Price History

Lancaster Real Estate

Lancaster is located in Pennsylvania. Lancaster, Pennsylvania 17602 has a population of 61,412.

The median household income in Lancaster, Pennsylvania 17602 is $60,163. The median household income for the surrounding county is $68,791 compared to the national median of $66,222. The median age of people living in Lancaster 17602 is 40 years.

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Courtesy: PPM Real Estate, Inc.
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/14/2024 9:30 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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