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Investment Highlights
- Iconic downtown property
- Class A finishes
- Expansive window lines
- Indoor/outdoor atrium
- Connected to garage
- First-floor retail option
Executive Summary
*Seller will entertain any reasonable offer*
ICONIC PROPERTY in Downtown Lancaster for Owner-Occupant or Investment (projected 7% CAP Rate). This landmark 3-story brick building plus finished lower level features elevator access to all floors, direct interior connections to the Prince Street Parking Garage, expansive windows, private outdoor space by Binn's Park, indoor/outdoor atrium, custom upgrades, CAT 6 wiring, fob-secured access, auditorium and more. Ideally located one block from Penn Square in the heart of Lancaster City — walkable to the courthouse, Gallery Row, restaurants, hotels and entertainment. 99/100 Walk Score with signage exposure to over 20,000 vehicles per day.
The building totals 77,294± SF (62,325± SF above grade) and is zoned CB1. Take advantage of the CRIZ tax, grants and loan incentives. Investor upside potential after lease-up at market rates. Alternatively, the flexible layout, first-floor retail potential and Class A finishes make it well-suited for an owner-occupant seeking a flagship headquarters in an unbeatable downtown location.
ICONIC PROPERTY in Downtown Lancaster for Owner-Occupant or Investment (projected 7% CAP Rate). This landmark 3-story brick building plus finished lower level features elevator access to all floors, direct interior connections to the Prince Street Parking Garage, expansive windows, private outdoor space by Binn's Park, indoor/outdoor atrium, custom upgrades, CAT 6 wiring, fob-secured access, auditorium and more. Ideally located one block from Penn Square in the heart of Lancaster City — walkable to the courthouse, Gallery Row, restaurants, hotels and entertainment. 99/100 Walk Score with signage exposure to over 20,000 vehicles per day.
The building totals 77,294± SF (62,325± SF above grade) and is zoned CB1. Take advantage of the CRIZ tax, grants and loan incentives. Investor upside potential after lease-up at market rates. Alternatively, the flexible layout, first-floor retail potential and Class A finishes make it well-suited for an owner-occupant seeking a flagship headquarters in an unbeatable downtown location.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
77,294 SF
Building Class
A
Year Built
1977
Price
$11,756,630 CAD
Price Per SF
$152.10 CAD
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
19,324 SF
Building FAR
3.01
Lot Size
0.59 AC
Zoning
CB1 - Central Business Core
Amenities
- Air Conditioning
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Walk Score®
Walker's Paradise (99)
Bike Score®
Very Bikeable (72)
Property Taxes
| Parcel Number | 331-66436-0-0000 | Improvements Assessment | $4,969,227 CAD |
| Land Assessment | $362,268 CAD | Total Assessment | $5,331,495 CAD |
Property Taxes
Parcel Number
331-66436-0-0000
Land Assessment
$362,268 CAD
Improvements Assessment
$4,969,227 CAD
Total Assessment
$5,331,495 CAD
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