8 W KING #810
LANCASTER, PA 17603

$83,260

Sq. Ft.: N/A
Type: Commercial
Listing #PALA2043022
The best available space by Penn Square & the Lancaster Marriott & Convention Center! This first floor space has so much character and potential! Landlord has demolished all previous build out and this is a blank slate ready for its next life! High ceilings, large windows in the north and east walls, and visibility to all the locals and tourists visiting downtown Lancaster! This is eligible for CRIZ ($25k grant for improvements and $100k loan). Landlord prefers to have a restaurant open in this space but will entertain other uses. It is possible to expand the footprint to add restrooms outside of the exiting space, and to connect with the lower level to install a sizeable commercial kitchen downstairs (with hood), to maximize the space. If no expansion of the existing 3,620sf is needed, restrooms and hood/kitchen can be installed in this area. Rent is Gross at $23psf ($6,938/month) and includes all taxes, CAM and utilities. Tenant only pays for internet and janitorial. Landlord is offering a $50 per sq ft Tenant Improvement Allowance to a qualified Tenant! Note: If Tenant's use requires a higher amount of water, trash, gas, etc., Landlord may submeter the space for Tenant's use and/or require Tenant to have their own trash service. For a restaurant, there is a trash room available in the basement. (Note: the conduit lines in the middle of the space, shown in some of the photos, have been relocated to along the wall, creating a wide open space)
Listing Courtesy of: PPM Real Estate, Inc. (717) 394-3374
Property Features
Location Information
County: LANCASTER-PA
Municipality: LANCASTER CITY
Cross Street: King Street
Latitude: 40.0378311
Longitude: -76.30620247
MLS Area: Lancaster City (10533)
Directions: Located just west of Penn Square in Lancaster City by the Fountain
Interior Features
Heating: Central
Heating Fuel: Natural Gas
Cooling: Central A/C
Water Heater: Other
Tenant Pays: Janitorial Service, Minor Interior Maintenance, Parking Fee
Accessibility: Ramp - Main Level
Exterior Features
Is New Construction: No
Construction: Masonry
Septic or Sewer: Public Sewer
Has Garage: No
Parking Spaces: 0
Site Description: Business District
Present Use: Other
Zoning: CBD
Has Waterfront: No
Has Water Access: No
School
School District: SCHOOL DISTRICT OF LANCASTER
Additional Information
ListDate: 2023-10-30 00:00:00.0
Property Type: COM
Property SubType: CommercialLease
Year Built: 1900
Status: Active
Ownership Interest: Other
Business Type: Hair Salon and Spa, Other/General Retail, Professional, Restaurant/Bar


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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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