PA > Lancaster
Lancaster, PA 17602,200 N DUKE ST
Lancaster, PA 17602,200 N DUKE ST
Lancaster, PA 17602,200 N DUKE ST
Lancaster, PA 17602,200 N DUKE ST
Lancaster, PA 17602,200 N DUKE ST
Lancaster, PA 17602,200 N DUKE ST
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Divine Fog Realty Capital Area

Divine Fog Realty Capital Area

$ 5,800,000
Est. payment | /mo

36,655 SqFt

Save
$ 5,800,000
Est. payment | /mo
Save

36,655 SqFt

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

Square Footage 36,655 sqft

Price per Sqft $158

MLS Listing ID PALA2050138

HOA Y/N N

Originating Board BRIGHT

Year Built 1954

Annual Tax Amount $119,637

Tax Year 2024

Lot Dimensions 0.00 x 0.00

Property Description

***CALL FOR OFFERS: All offers will be presented!*** 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 8.78%.
Current NOI from the 2 tenants is a 4.2% cap rate at the $5.8mm 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.

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning CBD

Interior

Hot Water Natural Gas

Heating Central, Forced Air

Cooling Central A/C

Flooring Ceramic Tile, Partially Carpeted, Vinyl

Heat Source Natural Gas

Exterior

Garage Spaces 44.0

Utilities Available Natural Gas Available, Electric Available

Water Access N

Accessibility 2+ Access Exits, Elevator, Level Entry - Main

Total Parking Spaces 44

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District School District Of Lancaster

Others

Tax ID MULTIPLE TAX IDS

Ownership Condominium

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Corinn E. Kirchner • PPM Real Estate, Inc.
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200 N DUKE ST