USAPALancaster39 E Chestnut St
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New
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$5,500,000

For Sale

4 hours ago

39 E Chestnut St, Lancaster, PA

House

MLS® PALA2086866

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Office
Levels Commercial Sale
Size -
Garage 
Taxes $1
Days Active 0
Lot Size 
Approx. Age 1954
MLS® Number PALA2086866

Property Address: 39 E Chestnut St, LANCASTER, PA, 17602-2701

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberPALA2086866
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1954
Basement
DrivewayPrivate, Private Garage
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 28, 2026List Date
$5,500,000List Price
  • Commute

Commute

Starting Address
Destination Address
39 E Chestnut St, Lancaster, PA

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