Active
39 E Chestnut St
Lancaster PA, 17602
$6,500,000
$177.33 per sqft
Active
36,655 sqft
Commercial
Built in 1954
See Brochure under Documents. Property is offered as an investment or partial Owner Occupant. Currently, the Property offers 4 existing Tenant suites and 44 secure parking spaces in lower level garage. Projected CAP rate is 8.7% at full occupancy. The available space is Class A commercial space and includes parking - a rare find in the central business district. Site includes 39 East Chestnut Street & 202 North Duke Street. Property is 34,111+/- sq. ft. (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 and retail center it is today. Preliminary studies suggest that the building can support additional levels if the site were to be developed with additional stories added. | 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. | Existing Tenants include: Pennsylvania Probation & Parole Administrative Office & PA Options For Wellness. See brochure for lease terms.
PALA2029498
MLSⓇ ID
January 16, 2023
Listed
February 21, 2025
Updated
Interior Features
Interior Features
Elevator
Floor Description
Ceramic Tile, Carpet, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Central, Natural Gas
Exterior/Building Features
Sewer
Public Sewer
Other Property Details
Area Name
LANCASTER CITY
Taxes
$117,300
Tax Frequency
Annually
Days on Market
303
Garage
No
Parking
On Street
Parking Total
44
View
No
County
LANCASTER
Water Source
Public
Pool
No
Utilities
Natural Gas Available
Listed by PPM Real Estate, Inc.
Listing Contact: 7173943374
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Data last updated on 2/21/2025 at 12:30 AM UTC