1 W CHESTNUT
LANCASTER, PA 17603

$64,170

Sq. Ft.: N/A
Type: Commercial
Listing #PALA2056642
NEW CONSTRUCTION! This first-floor retail space offers +/- 2,790 sq ft (subdividable) in the Central Business District, positioned at a prime corner shared by The Holiday Inn, Imperial Restaurant, QSB Restaurant-Lounge, and Lancaster County Offices. Situated within a 12-story apartment building, this location boasts excellent visibility and ample signage at the corner of North Queen Street and East Chestnut Street. With a 100% walkability score, abundant garage and street parking adjacent to the building, and 142 residences providing built-in customers, this space is ideal for a restaurant, cafe, office, professional, medical, or retail/service business. The property features full glass storefronts wrapping around the perimeter, offering maximum exposure. For restaurant use, the tenant has the option to add a grease duct and exhaust. The shell delivery includes two restrooms, a finished ceiling, concrete floors, an HVAC system, a 200-amp electric panel, and 17-foot ceilings (to the underside of the second floor). Monthly Rent: $23.00/SF (NN lease with no CAM fee) | Estimated NN Costs: $4.50/SF for taxes and insurance | Total Monthly Rent: $6,396.75 | Tenant Responsibilities: Utilities, water/sewer/trash. The landlord offers a $25/SF TIA for a qualified tenant signing a minimum 7-year lease. Potential for demising into two suites is also available.
Listing Courtesy of: PPM Real Estate, Inc. (717) 394-3374
Property Features
Location Information
County: LANCASTER-PA
Municipality: LANCASTER CITY
Cross Street: Queen Street
Latitude: 40.0413
Longitude: -76.30655
MLS Area: Lancaster City (10533)
Directions: From Penn Square: From West King Street, Take a right onto North Queen Street. Continue two blocks and the property will be on your left. From Rt. 30 Fruitville Pike Exit: Head South on Fruitville Pike towards Lancaster City. Continue straight as the road turns to North Prince Street. Continue straight for about 1 mile (4-5 minutes) until you reach Chestnut Street. Take a left onto West Chestnut Street and continue for 1/2 a block. The property will be on your left.
Interior Features
Heating: Central
Heating Fuel: Natural Gas
Cooling: Central A/C
Water Heater: Electric
Entry Level: 1
Accessibility: Level Entry - Main, 2+ Access Exits
Exterior Features
Stories: 12
Is New Construction: Yes
Construction: Concrete, Brick, Other
Septic or Sewer: Public Sewer
Has Garage: No
Parking Spaces: 0
Site Description: Downtown
Lot Size in Acres: 0.32
Lot Size in Sq. Ft.: 13,939
Dimensions: 0.00 x 0.00
Present Use: Other
Zoning: CENTRAL BUSINESS DISTRICT
Condition: Excellent
Building Total Area (Sq. Ft.): 0
Has Waterfront: No
Has Water Access: No
View Description: City
School
School District: SCHOOL DISTRICT OF LANCASTER
Additional Information
ListDate: 2024-09-06 00:00:00.0
Property Type: COM
Property SubType: CommercialLease
Year Built: 2023
Status: Active
Ownership Interest: Other
Business Type: Restaurant/Bar, Hair Salon and Spa, Health Club, Medical, Other/General Retail, Professional, Other


$ per month
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Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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