« Back to results

$7,000,000.00

39 CHESTNUT

LANCASTER, PA 17602

Year Built : 1954

List Date : 2021-06-08

MLS# : B PALA183674

Investment Property or Partial Owner Occupant. Total Property offers 4 existing Tenant Suites, the largest of which is about 15,000sf and is fully furnished and available for lease at $20psf NNN, or move in ready for Owner Occupant. Site includes 39 East Chestnut Street & 202 North Duke Street. Total 34,111+/- sqft plus a secure underground parking garage offering 44 spaces. 9% CAP Rate with current and projected rents. 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. The available suite offers several offices/conference rooms which are wired for projectors, open space with existing work stations, private restrooms, break room, direct glass door entrance from Duke Street and direct Elevator access from first floor lobby. 3 Current Tenants include: Pennsylvania Probation & Parole Administrative Office, PA Options For Wellness & Festoon Boutique (in 202 N Duke Street). All leases are NNN except the PA Probation/Parole office which is a fully gross lease; See brochure for details on income/expense.



FEATURES

  • Construction: Brick
  • County: LANCASTER
  • Parking: Private
  • Tax Year: 2020
  • Utilities: Natural Gas Available,Electric Available
  • Waterfront: N

This listing is courtesy of PPM Real Estate, Inc.