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Anita Mohamed

stagesite-3.test@chime.me +1(347) 903-3025

$ 5,500,000

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39 E CHESTNUT ST Lancaster, PA 17602

UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID PALA2086866

Total Units 4

Short Sale No

Originating MLS BRIGHT

Property Description

This prominent two-story commercial property spans a full city block from Duke Street to Christian Street and totals ±34,111 gross square feet, with ±14,952 square feet currently available for owner occupancy or lease. The Building is occupied by 3 well-qualified tenants, while the available space includes much of the second floor plus portions of the first floor and features its own entrance on Duke Street with the separate address of 200 N Duke Street, allowing for distinct identity and signage. The property includes a 44-space private parking garage with 20 spaces available for the vacant areas, elevator access to all levels, separately controlled HVAC, robust data/IT infrastructure, and a fully sprinklered building with monitored fire alarm system. Positioned at a signalized intersection in Lancaster's Central Business District, the property offers strong visibility with exposure to 8,000+ VPD on Chestnut Street and 9,000+ VPD on Duke Street. Just 2.5 blocks from Penn Square and within walking distance to Central Market, the courthouse, restaurants, entertainment, and other downtown amenities, this is a rare opportunity to acquire a substantial mixed-occupancy asset with immediate income and future upside. Projected CAP rate of 9.28% at full occupancy. Current CAP rate with vacancy is 5.48% at asking price. Property was converted into a condominium but is not operated as such since there is one owner/landlord. Total RE taxes for all condos as of April 2026 are $125,799.69.

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning CBD

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Heat Source Natural Gas

1-purchase type For Sale

Exterior

Garage Spaces 44

Waterfront N

Water Access N

View City, Street

Accessibility 2+ Access Exits, Elevator, Level Entry - Main

Parking Type Private Garage

Total Parking Spaces 44

Building

Lot Description Corner

New Construction N

Lot Dimensions 0.00 x 0.00

Sewer Public Sewer

Water Public

Schools

School District School District Of Lancaster

Others

Tax Amount $1

Tax Year 2026

Tax ID 336-09389-1-0001

Ownership Condominium

Special Sale Standard

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Listed by Corinn Kirchner • PPM Real Estate, Inc.

Anita Mohamed

Broker Associate | jhy1aaaaaaaaaaaaaaaa 244410410

+1(347) 903-3025 | stagesite-3.test@chime.me

Anita Mohamed

39 E CHESTNUT ST Lancaster, PA 17602

Key Details

Location

Interior

Exterior

Building

Schools

Others

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39 E CHESTNUT ST