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200 N Duke St
For Sale $5,800,000
$5,800,000
- 4 Units
- Unknown Sq Ft
- Unknown Sq Ft
- Unknown Cap Rate
Description
***CALL FOR OFFERS: All offers will be presented!*** 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 8.66%.
Current NOI from the 2 tenants is a 4.2% cap rate at the $5.8mm 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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $5,800,000 |
| Property Type | Special Purpose |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1954 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | MULTIPLE TAX IDS |
| MLS # | PALA2050138 |
| Property ID | 320433886 |
| Lot Sqft | Unknown |
| Zoning | CBD |
| Total Units | 4 |
| Days on Market | 263 |
| Original List Price | Unknown |
| Date Updated | January 02, 2025 |
| Date Created | April 23, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Corinn E. Kirchner an agent of PPM Real Estate, Inc.. Lic #RM425642
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Data last updated: January 11, 2025.
Robert Crawford
REAL ESTATE AGENT