UPDATED:
11/05/2024 03:18 PM
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 36,655 sqft
Price per Sqft $158
MLS Listing ID PALA2050138
HOA Y/N N
Originating Board BRIGHT
Year Built 1954
Annual Tax Amount $119,637
Tax Year 2024
Lot Dimensions 0.00 x 0.00
Property Description
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.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning CBD
Interior
Hot Water Natural Gas
Heating Central, Forced Air
Cooling Central A/C
Flooring Ceramic Tile, Partially Carpeted, Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 44.0
Utilities Available Natural Gas Available, Electric Available
Water Access N
Accessibility 2+ Access Exits, Elevator, Level Entry - Main
Total Parking Spaces 44
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID MULTIPLE TAX IDS
Ownership Condominium
Special Listing Condition Standard
