Price Reduction
Address
8 W King # 810, Lancaster, PA
Price
$ 83,259
Property Attributes
- MLS#PALA2043022
- TypeCommercial
- CountyLANCASTER
- CityLancaster
- AreaLancaster City
- Zip17603
- StyleHair Salon and Spa,/General Retail,Professional,Re
- Price$ 83,259
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Bright MLS
Property Description
The best available space by Penn Square & the Lancaster Marriott & Convention Center! This first floor space has so much character and potential! Landlord has demolished all previous build out and this is a blank slate ready for its next life! High ceilings, large windows in the north and east walls, and visibility to all the locals and tourists visiting downtown Lancaster! This is eligible for CRIZ ($25k grant for improvements and $100k loan). Landlord prefers to have a restaurant open in this space but will entertain other uses. It is possible to expand the footprint to add restrooms outside of the exiting space, and to connect with the lower level to install a sizeable commercial kitchen downstairs (with hood), to maximize the space. If no expansion of the existing 3,620sf is needed, restrooms and hood/kitchen can be installed in this area. Rent is Gross at $23psf ($6,938/month) and includes all taxes, CAM and utilities. Tenant only pays for internet and janitorial. Landlord is offering a $50 per sq ft Tenant Improvement Allowance to a qualified Tenant! Note: If Tenant's use requires a higher amount of water, trash, gas, etc., Landlord may submeter the space for Tenant's use and/or require Tenant to have their own trash service. For a restaurant, there is a trash room available in the basement. (Note: the conduit lines in the middle of the space, shown in some of the photos, have been relocated to along the wall, creating a wide open space)
| Price History | |
|---|---|
| 10/30/2023 | Listed $97,740 |
| 4/26/2024 | 15% - $83,259 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central A/C |
| Zoning | CBD |
| Construction Materials | Masonry |
| Year Built | 1900 |
| Tenant Pays | Janitorial Service,Minor Interior Maintenance,Parking Fee |
| Unit Number | 810 |
| Property SubType | Retail |
| Current Use | Other |
| Business Type | Hair Salon and Spa,Other/General Retail,Professional,Restaurant/Bar |
| Accessibility | Ramp - Main Level |
| County | LANCASTER |
| New Construction | No |
| Property Type | Commercial Lease |
| Water Access Y/N | No |
| Rent Includes | Air Conditioning,Common Area Maintenance,Electricity,Gas,Heat,Insurance,Sewer,Snow Removal,Taxes,Trash Removal,Water |
| Status | ACTIVE |
| Directions | Located just west of Penn Square in Lancaster City by the Fountain |
| ModificationTimestamp | 2024-05-14T14:50:45 |
| City | LANCASTER |
| Buyer Agent Compensation | 2.5 |
| MLS Area | Lancaster City (10533) |
| Waterfront Y/N | No |
| Street Name | KING |
| Ok to Lease | More Than 60 Months |
| Price Per Sq Ft | 23.0 |
| Leasable Area | 3620 |
| Vacation Rental Y/N | No |
| Availability Date | 2024-05-01 |
| Days on Market | 198 |
| Location Type | Business District |
| Lease Type | Gross |
| Standard Status | Active |
| Year Built Source | Estimated |
| Buyer Agent Compensation Type | % Of Yearly Rent |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Other |
| Retail SQFT | 3620 |
| Office SQFT | 3620 |
| Heating Y/N | Yes |
| Central Air Y/N | Yes |
| Total Restrooms | 1 |
Exterior Features
| Water Source | Public |
|---|---|
| Type of Parking | Public Garage,On Street |
| Water View Y/N | No |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 17603
Price
Visits
Year Built
Walkscore
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