200 N Duke St - Office FOR SALE


Lancaster, PA 17602- Musser Park
$4,750,000 USD
717-394-3374
200 N Duke St, Lancaster, PA for Sale
$4,750,000 USD
Office - FOR SALE
1/31
null | 5.14% Cap Rate

200 N Duke St
Lancaster, PA 17602
Musser Park


HIGHLIGHTS

  • Prominent location in Lancaster City
  • Investment or Partial Owner Occupant
  • 44 space private parking garage

OVERVIEW

***CALL FOR OFFERS: All reasonable offers will be considered!*** 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 10.58%. Current NOI from the 2 tenants is a 5.14% cap rate at the $4.75mm 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.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

5.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1954

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,369 SF

ZONING

CBD

APN/PARCEL ID

336-15756-0-0000

ASK ABOUT THIS PROPERTY

Tracy HorstPPM Real Estate IncMore Info
717-394-3374

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Tracy HorstPPM Real Estate IncMore Info
717-394-3374

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.