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 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/21/2025. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/21/2025 at 12:30 AM UTC

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