Tamer Gomaa

Tamer Gomaa

500 Delp Rd

Lancaster, PA 17601

Tamer Gomaa
500 Delp Rd Lancaster PA { 17601
(717) 800-1515

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40.041515 -76.30465
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39 E CHESTNUT ST Lancaster, PA 17602

327171001 40.041515 -76.30465 230 /listing/327171001-150081084/39-e-chestnut-st-lancaster-pa-17602 False 0 7000000.0 34111 101 PALA2029498 False
  • $7,000,000
  • 34,111 sqft
  • Est payment $37577.51/mo
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Property & Neighborhood Info

Courtesy Of PPM Real Estate, Inc., thorst@ppmproperties.com

Commercial in LANCASTER

(See Brochure under Documents.) Property is offered as an investment or partial Owner Occupant. Currently, the Property offers 4 existing Tenant suites and 44 secure parking spaces in lower level garage. One Tenant Space (14,952sf) is currently vacant and is approximately 50% of the total rentable space. With vacancy, current CAP rate is 4% at the asking price. Projected CAP after vacancy is leased is 7.7%. The available space is Class A office, fully furnished, includes parking and has a market value of $17psf NNN, or, is move in ready for Owner Occupant. Site includes 39 East Chestnut Street & 202 North Duke Street. Property is 34,111+/- sq. ft. (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 and retail center it is today. Preliminary studies suggest that the building can support additional levels if the site were to be developed into a higher-rise building. The available space 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. 3 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.

Courtesy Of PPM Real Estate, Inc., thorst@ppmproperties.com
  1. 34,111 Sq. Ft.

Main Features

  • Listing Status: Active
  • Year Built: 1954
  • Garage: 44.0
  • School District: SCHOOL DISTRICT OF LANCASTER
  • County: Lancaster
  • Taxes: $117,300.00
  • Tax Year: 2022
  • MLS Number:PALA2029498

Additional Features

  • Air Conditioning:
    • Yes
  • Cooling:
    • Central A/C
  • Cooling Fuel:
    • Natural Gas
  • Flooring:
    • Ceramic Tile
    • Partially Carpeted
    • Vinyl
  • Water Heater:
    • Natural Gas
  • Building Area Source:
    • Assessor
  • Building Square Feet:
    • 36655.00
  • Business Type:
    • Other/General Retail
    • Professional
  • New Construction:
    • No
  • Water Source:
    • Public
  • Lot SF Source:
    • Assessor
  • Waterfront:
    • No
  • Parking:
    • Private
  • Heating:
    • Central
    • Forced Air
  • Heating Fuel:
    • Natural Gas
  • Sewer:
    • Public Sewer
  • Utilities:
    • Electric Available
    • Natural Gas Available
  • Accessibility Features:
    • 2+ Access Exits
    • Elevator
    • Level Entry - Main
  • Municipality:
    • LANCASTER CITY
  • Water Access:
    • No
  • List Type (Exclusive):
    • Exclusive Right
  • Rental Features:
    • No
  • Attribution Contact:
    • (717) 394-3374
    • thorst@ppmproperties.com
  • Cap Rate:
    • 8.00
  • MLSSystem ID:
    • BRIGHT
  • Possession:
    • Settlement
  • Price Per SQFT:
    • 190.97
  • Sourced By:
    • Bright MLS
  • Total Parking Spaces:
    • 44
Neighborhood info courtesy of Homes.com © 2023

What's My Mortgage?

$38,769.95*
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Tamer Gomaa
Tamer Gomaa
Certified Residential Specialist
(717) 800-1515
500 Delp Rd Lancaster PA 17601
40.041515 -76.30465
  1. Search Nearby Homes

39 E CHESTNUT ST Lancaster, PA 17602

327171001 40.041515 -76.30465 230 /listing/327171001-150081084/39-e-chestnut-st-lancaster-pa-17602 False 0 7000000.0 34111 101 PALA2029498 False
  • $7,000,000
  • 34,111 sqft
  • Est payment $37577.51/mo