Lancaster, PA 17603 1 W Chestnut

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Presented By: PPM Real Estate, Inc.
  • MLS# PALA2056642
  • 09/06/2024
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Home Details

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.
Presented By: PPM Real Estate, Inc.

Interior Features for 1 W Chestnut

Other Interior Features

Retail SQFT2790
Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterElectric
Total Stories12

Other Rooms

Office SQFT2790
Entry Level1

General for 1 W Chestnut

AccessibilityLevel Entry - Main, 2+ Access Exits
Availability Date2024-10-01
Business TypeRestaurant/Bar, Hair Salon and Spa, Health Club, Medical, Other/General Retail, Professional, Other
CityLANCASTER
Construction Completed Y/NNo
Construction MaterialsConcrete, Brick, Other
CoolingCentral A/C
CountyLANCASTER
Current UseOther
DirectionsFrom 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 Pi
HeatingCentral
Leasable Area2790
Location TypeDowntown
Lot Size Square Feet13939.00
Lot Size UnitsSquare Feet
MLS AreaLancaster City (10533)
MunicipalityLANCASTER CITY
New ConstructionYes
Ok to LeaseNegotiable
Price Per Sq Ft Total AG23.0
Property ConditionExcellent
Property SubtypeRetail
Property TypeCommercial Lease
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Vacation Rental Y/NNo
ViewCity
Water Access Y/NNo
Year Built2023
Year Built SourceEstimated
ZoningCENTRAL BUSINESS DISTRICT

Exterior for 1 W Chestnut

Building Area Total0.00
Car Parking Spaces
Lot Dimensions0.00 x 0.00
Lot Size Acres0.32
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street, Public Garage
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $64,170
MLS#PALA2056642
List Date 09/06/2024
Property Type Commercial
Phone 703.929.4729
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