About 39 E Chestnut St
See Brochure under Documents. Property is offered as an investment or partial Owner Occupant. Currently, the Property offers 4 existing Tenant suites and 44 secure parking spaces in lower level garage. Projected CAP rate is 8.7% at full occupancy. The available space is Class A commercial space and includes parking - a rare find in the central business district. Site includes 39 East Chestnut Street & 202 North Duke Street. Property is 34,111+/- sq. ft. (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 and retail center it is today. Preliminary studies suggest that the building can support additional levels if the site were to be developed with additional stories added. | 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. | Existing Tenants include: Pennsylvania Probation & Parole Administrative Office & PA Options For Wellness. See brochure for lease terms.
Features of 39 E Chestnut St
MLS® # | PALA2029498 |
---|---|
Price | $6,500,000 |
Bathrooms | 0.00 |
Square Footage | 34,111 |
Acres | 0.00 |
Year Built | 1954 |
Type | Commercial Sale |
Sub-Type | Condo, Office |
Status | Active |
Community Information
Address | 39 E Chestnut St |
---|---|
Area | Lancaster City (10533) |
City | LANCASTER |
County | LANCASTER-PA |
State | PA |
Zip Code | 17602 |
Amenities
Utilities | Natural Gas Available, Electric Available |
---|---|
Parking | Private |
Is Waterfront | No |
Interior
Heating | Central, Forced Air |
---|---|
Cooling | Central A/C |
Has Basement | No |
Fireplace | No |
Exterior
Exterior | Brick and Siding |
---|
School Information
District | SCHOOL DISTRICT OF LANCASTER |
---|
Additional Information
Date Listed | January 16th, 2023 |
---|---|
Days on Market | 438 |
Zoning | CENTRAL BUSINESS DISTRICT |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Listing Agent | Corinn Kirchner |
---|---|
Listing Office | PPM Real Estate, Inc. |
Listing Office Phone | 7173943374 |