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200 N Duke Street

LANCASTER, PA 17602
  • $6,200,000
  • STATUS: Active
  • ON SITE: 191 Days
  • ID#: PALA2050138
UPDATED: 59 min ago
$6,200,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1954
County:

School Ratings & Info

School District:

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 8.2%. 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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Craig Hartranft Team, Berkshire Hathaway Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-02T21:55:44.71.
www.lancasterhome.com/homes/149860564
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200 N Duke Street LANCASTER, PA 17602

  • Price: $6,200,000
  • Status: Active
  • On Site: 191 Days
  • Updated: 59 min ago
  • ID#: PALA2050138
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1954
Built
Neighborhood:
Lancaster City (10533)
County:
Lancaster
Area:
Lancaster City (10533)
School District:
School District Of Lancaster
Property 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 8.2%. 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.
Exterior Features

Construction Materials Brick Garage YN No Parking Features Private Parking Types Private GarageOn StreetPublic Garage Property Condition Very Good Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 36655.00 Cooling Central A/C Flooring Ceramic TilePartially CarpetedVinyl Heating CentralForced Air Heating YN Yes Net Square Feet 34111.00

Property Features

Accessibility Features 2+ Access ExitsElevatorLevel Entry - Main Association YN No Central Air YN Yes Cooling Fuel Natural Gas Cross Street East Chestnut Street Heating Fuel Natural Gas Hot Water Natural Gas Lease Considered YN Yes Municipality LANCASTER CITY Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 803018460994 Ownership Interest Condominium Property Sub Type Special Purpose Sale Type Standard Sewer Public Sewer Tax Annual Amount 119637.33 Utilities Natural Gas AvailableElectric Available Vacation Rental YN No Water Source Public Zoning CBD

Listing courtesy of PPM Real Estate, Inc.: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Craig Hartranft Team, Berkshire Hathaway Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-11-02T21:55:44.71.
 
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The Craig Hartranft Team, Berkshire Hathaway Homesale Realty
150 North Pointe Blvd.
Lancaster PA, 17601