Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1954
Sq.Footage
N/A
This prominent two-story commercial property spans a full city block from Duke Street to Christian Street and totals ±34,111 gross square feet, with ±14,952 square feet currently available for owner occupancy or lease. The Building is occupied by 3 well-qualified tenants, while the available space includes much of the second floor plus portions of the first floor and features its own entrance on Duke Street with the separate address of 200 N Duke Street, allowing for distinct identity and signage. The property includes a 44-space private parking garage with 20 spaces available for the vacant areas, elevator access to all levels, separately controlled HVAC, robust data/IT infrastructure, and a fully sprinklered building with monitored fire alarm system. Positioned at a signalized intersection in Lancaster’s Central Business District, the property offers strong visibility with exposure to 8,000+ VPD on Chestnut Street and 9,000+ VPD on Duke Street. Just 2.5 blocks from Penn Square and within walking distance to Central Market, the courthouse, restaurants, entertainment, and other downtown amenities, this is a rare opportunity to acquire a substantial mixed-occupancy asset with immediate income and future upside. Projected CAP rate of 9.28% at full occupancy. Current CAP rate with vacancy is 5.48% at asking price. Property was converted into a condominium but is not operated as such since there is one owner/landlord. Total RE taxes for all condos as of April 2026 are $125,799.69.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Gas
-
Heating YN
YES
-
Heating
Natural Gas, Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
Private, Garage
-
Pool
No
-
Waterfront YN
NO
-
View
City, Street
Area & Lot
-
Lot Features
Corner Lot
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$5,500,000
-
Tax Amount
$1
-
Zoning
Central Business District
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
New Construction
NO
-
Accessibility Features
Accessible Elevator Installed
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
LANCASTER
Elementary School
Middle School
High School
Listing Courtesy of Corinn E. Kirchner , PPM Real Estate, Inc.
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AGENT
Lisa Romano
Call Lisa today to schedule a private showing.
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