200 N Duke St, LANCASTER

$5,800,000

0 Beds
0 Baths
34,111 Sqft
0 Acres
0 Garages

***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.

Essential Information
MLS® #PALA2050138
Price$5,800,000
Bathrooms0.00
Square Footage34,111
Acres0.00
Year Built1954
TypeCommercial Sale
Sub-TypeCondo, Special Purpose
StatusActive
Community Information
Address200 N Duke St
AreaLancaster City (10533)
CityLANCASTER
CountyLANCASTER-PA
StatePA
MunicipalityLANCASTER CITY
Zip Code17602
Amenities
ParkingPrivate
Utilities

Natural Gas Available, Electric Available

Interior
HeatingCentral, Forced Air
CoolingCentral A/C
Exterior
ExteriorBrick and Siding
School Information
DistrictSCHOOL DISTRICT OF LANCASTER
Additional Information
ZoningCBD
Listing Details
OfficePPM Real Estate, Inc.
Office Contact7173943374
Property History
Price Reduced from $6,200,000 to $5,800,000
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Listing information last updated on December 24th, 2024 at 11:15pm EST.

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