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Lancaster,PA 17603
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID PALA2072218
Year Built 1977
Annual Tax Amount $154,321
Tax Year 2024
Lot Size 0.530 Acres
Acres 0.53
Lot Dimensions 0.00 x 0.00
Property Sub-Type Office
Source BRIGHT
Property Description
ICONIC PROPERTY in Downtown Lancaster for Owner-Occupant or Investment (projected 7% CAP Rate).
This landmark 3-story brick building plus finished lower level features elevator access to all floors, direct interior connections to the Prince Street Parking Garage, expansive windows, private outdoor space by Binn's Park, indoor/outdoor atrium, custom upgrades, CAT 6 wiring, fob-secured access, auditorium and more. Ideally located one block from Penn Square in the heart of Lancaster City — walkable to the courthouse, Gallery Row, restaurants, hotels and entertainment. 99/100 Walk Score with signage exposure to over 20,000 vehicles per day. The building totals 77,294± SF (62,325± SF above grade) and is zoned CB1. Take advantage of the CRIZ tax, grants and loan incentives. Investor upside potential after lease-up at market rates. Alternatively, the flexible layout, first-floor retail potential and Class A finishes make it well-suited for an owner-occupant seeking a flagship headquarters in an unbeatable downtown location.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning CBD
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Water Access N
View City,Courtyard
Accessibility Elevator,Level Entry - Main,No Stairs
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District School District Of Lancaster
Others
Tax ID 331-66436-0-0000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Bank Owned/REO