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39 E Chestnut Street

LANCASTER, PA 17602
  • $7,000,000
  • STATUS: Active
  • ON SITE: 138 Days
  • ID#: PALA183674
UPDATED: 58 min ago
$7,000,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1954
County:

School Ratings & Info

School District:

Description

Site includes 39 East Chestnut Street & 202 North Duke Street. Total 34,111+/- sqft Downtown Commercial Property with 4 Tenants and 44 secure underground parking spaces. Investment OR possible owner occupant as approx. 15,000 sf will be available later this year (easy to further subdivide that available sq. ft. if desired). Sale price is approx. 8% CAP Rate with current rents. 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. The available suite offers several offices/conference rooms which are wired for projectors, open space for work stations, private restrooms, private glass door entrance from Duke Street and direct Elevator access from first floor lobby. Tenants include: Pennsylvania Probation & Parole Administrative Office, PA Options For Wellness, Festoon Boutique (in 202 N Duke Street), and Nielsen who is vacating the available suite 10/31/21, however the suite can be available sooner. All leases are NNN except the PA Probation/Parole office which is a fully gross lease; See brochure for details.

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©2021 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 Joy Daniels Real Estate Group. 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: 2021-10-24T23:49:57.707.
www.centralpahomehunter.com/homes/118024441
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39 E Chestnut Street LANCASTER, PA 17602

  • Price: $7,000,000
  • Status: Active
  • Updated: 58 min ago
  • ID#: PALA183674
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
Site includes 39 East Chestnut Street & 202 North Duke Street. Total 34,111+/- sqft Downtown Commercial Property with 4 Tenants and 44 secure underground parking spaces. Investment OR possible owner occupant as approx. 15,000 sf will be available later this year (easy to further subdivide that available sq. ft. if desired). Sale price is approx. 8% CAP Rate with current rents. 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. The available suite offers several offices/conference rooms which are wired for projectors, open space for work stations, private restrooms, private glass door entrance from Duke Street and direct Elevator access from first floor lobby. Tenants include: Pennsylvania Probation & Parole Administrative Office, PA Options For Wellness, Festoon Boutique (in 202 N Duke Street), and Nielsen who is vacating the available suite 10/31/21, however the suite can be available sooner. All leases are NNN except the PA Probation/Parole office which is a fully gross lease; See brochure for details.
Exterior Features

Construction Materials Brick Garage YN No Parking Features Private Parking Types Private GarageOn StreetPublic Garage Property Condition Very Good Riparian Rights YN No Water Access YN No Water Oriented 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 Assessment Year 2021 Association YN No Business Type Professional Central Air YN Yes Cooling Fuel Natural Gas Cross Street North Duke Street Heating Fuel Natural Gas Hot Water Natural Gas Internet Services Fiber Optic Lease Considered YN Yes Municipality Lancaster City Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304644956375 Ownership Interest Condominium Possession Negotiable Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 0.00 Tax Assessment Amount 0.00 Utilities Natural Gas AvailableElectric Available Vacation Rental YN No Water Source Public Zoning Central Business District

Listing courtesy of Progressive Property Mgmt..


©2021 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 Joy Daniels Real Estate Group. 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: 2021-10-24T23:49:57.707.
 
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The Joy Daniels Real Estate Group
2793 Old Post Road
Harrisburg PA, 17110