Investment Opportunity – CLOSED
This is a professional office condominium investment opportunity which is occupied by a nationally credited tenant. The property features great visibility and signage, along with high foot and vehicle traffic. A prime location, at the corner of N. Duke Street. and E. Orange Street. The office condominium features 6,260 SF of first floor office space.
The current tenant, is a nationally known financial advisory firm, which has been at this site for over 30 years. A lease renewal has just been signed for an additional 5 years with a 5 year renewal option. The lease renewal makes this great investment opportunity. Zoned CB, this office space is walkable to all of Downtown Lancaster’s great attractions such as; the Convention Center, Central Market, 101NQ, Tellus 360, Fulton Theatre + tons of great restaurants. Across the intersection is the famous Hamilton Club and the County Courthouse.
Nearby businesses, within a block or two include Wells Fargo, Lancaster Chamber of Commerce, Fulton Bank HQ, Woodstream Corp. HQ, Aspire, Lancaster Newspapers, and Cargas Systems. This property is currently tenant-occupied and is being sold as an investment property based upon the income stream at an 8.18% cap rate. The Tenant is NOT moving, and the property is NOT available for a new buyer to occupy. Income and expense details, as well as leases are available to qualified purchasers with a signed confidentiality agreement.
Please DO NOT contact tenant, employees, or attempt to enter their place of business.
Agent: Christine Sable, CCIM/Justin Geisenberger
Address: 110 N Duke Street, Lancaster, PA 17602