United StatesPennsylvaniaLancaster200 N DUKE Street

200 N DUKE Street
200 N DUKE Street Lancaster, Pennsylvania 17602 United States

$6,200,000
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PPM Real Estate, Inc.

$6,200,000
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Commercial
Property type
1954
Year Built
PALA2050138
Web Id
PALA2050138
MLS ID
Lancaster
School District
31
days ago

About 200 N DUKE Street

See Brochure under Documents. Property is offered as an investment or Owner Occupant. 4 Tenant Spaces + a 44 car parking garage. Currently 2 of the spaces are leased to stable long term Tenants. Available space for owner occupant or new end user is about 13,000sf at 200 North Duke Street, plus 3,500sf Firehose retrofitted for retail use at 202 N Duke Street. Additionally there are a few large offices on the first floor of 39 East Chestnut Street that are available. Projected cap rate at full occupancy is 8.9%. Current NOI from the 2 tenants is a 4% cap rate at the $6.2mm 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.

Listing Courtesy of PPM Real Estate, Inc.

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.

The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.

PROPERTY INFORMATION

Cooling
Central A/C
Heating
Central, Forced Air
Parking Description
Private
Sewer
Public Sewer

INTERIOR

Flooring
Ceramic Tile, Partially Carpeted, Vinyl

ADDITIONAL INFORMATION

Body of Water
Public
This Lancaster Commercial is for Sale at $6,200,000 and was built in 1954. Has .

 

PPM Real Estate, Inc.

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