200 N Duke Street Lancaster, PA $ 6,200,000
200 N Duke Street
$ 6,200,000
Recently Listed
Share Save

200 N Duke Street

Lancaster, PA, 17602
$ 6,200,000
Baths0.0 Sq 34,111

Monthly Estimate*

$ 43,309

200 N Duke Street, Lancaster, PA 17602 - Image 1
200 N Duke Street, Lancaster, PA 17602 - Image 2
200 N Duke Street, Lancaster, PA 17602 - Image 3
200 N Duke Street, Lancaster, PA 17602 - Image 4
200 N Duke Street, Lancaster, PA 17602 - Image 5
200 N Duke Street, Lancaster, PA 17602 - Image 6
200 N Duke Street, Lancaster, PA 17602 - Image 7
200 N Duke Street, Lancaster, PA 17602 - Image 8
200 N Duke Street, Lancaster, PA 17602 - Image 9
200 N Duke Street, Lancaster, PA 17602 - Image 10
200 N Duke Street, Lancaster, PA 17602 - Image 11
Studio

Commercial Property for sale in Lancaster, PA

for $6,200,000. This 34,111 square foot building was built in 1954.

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.

See more

Commercial Active

Price

$ 6,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 119,637

Style

Professional,/General Retail,Restaurant/Bar,Health

Year Built

1954

Town/City

Lancaster

County/Region

Lancaster

MLS | Web ID

PALA2050138

Features
Interior
Heating Fuel Natural Gas
Flooring Ceramic Tile Partially Carpeted Vinyl
Hot Water Natural Gas
Heating Y/N Y
Street Suffix STREET
Central Air Y/N Y
See more
General
Sewer Public Sewer
Heating Central Forced Air
Cooling Central A/C
Utilities Natural Gas Available Electric Available
Possession Settlement
Zoning CBD
Construction Materials Brick
Year Built 1954
Property SubType Special Purpose
Tax Year 2024
Percent Ownership Condominium
Cool Fuel Natural Gas
Municipality LANCASTER CITY
Business Type Professional Other/General Retail Restaurant/Bar Health Club Banquet Facility/Lodge Hair Salon and Spa Medical Religious Facility School
Accessibility 2+ Access Exits Elevator Level Entry - Main
County LANCASTER
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions From Penn Sq: Head North on Queen Street. Continue Straight for 2 blocks until you reach East Chestnut Street. Take a right onto East Chestnut. The property will be located on your left. North Duke a
City LANCASTER
Buyer Agent Compensation 2
Total Units 0
MLS Area Lancaster City (10533)
Waterfront Y/N N
Street Name DUKE
Tax Annual Amount 119637.33
Property Condition Very Good
Price Per Sq Ft 169.14
Lease Considered Y/N Y
Vacation Rental Y/N N
Days on Market 7
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
See more
Exterior
Parking Features Private
Water Source Public
Type of Parking Private Garage On Street Public Garage
Water View Y/N N
Building Area Total 36655.00
Lot Dimensions 0.00 x 0.00
Navigable Water Y/N N
Water Oriented Y/N N
See more
Internal Only
Street Number 1 200
See more
* Excluded Features
List By
Ppm Real Estate, Inc.

Broker

corinn@ppmproperties.com

Email

Affordability Calculator

$53,279
Per Month
81%
19%
0%
Monthly Principal & Interest
$43,309
Monthly Property Taxes
$9,970
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/24/2024$6,200,000 Listed Price

Map


See all

200 N Duke Street, Lancaster, PA, 17602 is a Commercial Property for sale at $6,200,000 with 34,111 sqft. 200 N Duke Street is a studio with 0.0 baths and was built in 1954. The property's zip code is 17602 which is in Lancaster, PA