941 WHEATLAND Avenue
941 WHEATLAND Avenue Lancaster, Pennsylvania 17603 United States

$7,300,000
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Progressive Property Mgmt.

$7,300,000
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1.87 Acres
Exterior
Commercial
Property type
1949
Year Built
PALA168850
Web Id
PALA168850
MLS ID
WEST END LANCASTER
Subdivision
Lancaster
School District
110
days ago

About 941 WHEATLAND Avenue

100% Commercial Investment Opportunity in the desirable West End of Lancaster City near Franklin & Marshall College. This 4 Story building known as Wheatland Place, is just 2 miles to Route 30 and consists of 75,483 gross sqft, with 40,304 leasable sqft. Income is generated by 18 Tenant suites (all NNN leases) + 2 rooftop cell tower leases. Wheatland Place main entrance features a welcoming lobby with a full glass vestibule, high ceilings, directory signage + seating area. Modernized Tenant suites offer an abundance of large operable windows, flexible floor plans and varying suite sizes. A rare City amenity is the large onsite parking lot offering 109 striped spaces. Additional amenities: Security via an automatic door locking schedule and 24/7 keycard access; 100% Sprinklered; ADA access +ADA Restrooms; passenger elevator by lobby and freight elevator by delivery door for ease of Tenant move in/out; Restrooms on each floor; Central heating system with individual central air for each suite, which are both Tenant controlled and Tenant paid. Tenant Longevity: 50% of Tenants have leased at Wheatland Place for over 10 years. *** Annual Net Operating Income is over $498,000 which includes non-recovered Owner expenses for Management Fee, Leasing Commissions, Landlord repairs and a 5% Vacancy Factor. List price provides a 6.83% CAP. Rent Roll is available upon signing an NDA. - Copy/paste for video preview of property: https://vimeo.com/444197115/f692ffd94d

Listing Courtesy of Progressive Property Mgmt.

The data relating to real estate for sale comes in part from Keystone Multi-List. Real estate listings held by brokerage firms other than Anne Lusk Sotheby's International Realty are marked with the Broker Reciprocity logo and information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. This 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.

Amenities

  • Landscaping

PROPERTY INFORMATION

Cooling
Central A/C
Heating
Forced Air
Sewer
Public Sewer
View
City, Panoramic, Trees/Woods

EXTERIOR

Lot Description
Landscaping
Roofing
Rubber

INTERIOR

Flooring
Carpet, Hardwood, Laminated

ADDITIONAL INFORMATION

Body of Water
Public
This Lancaster Commercial is for Sale at $7,300,000 and was built in 1949. Has on a lot of 1.87 Acres.

 

Progressive Property Mgmt.

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