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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)
Property Type(s):
Commercial
| Last Updated | 4/26/2024 | Year Built | 1900 |
|---|---|---|---|
| Community | Lancaster City (10533) | County | LANCASTER |
Price History
| Prior to Apr 26, '24 | $97,740 |
|---|---|
| Apr 26, '24 - Today | $83,260 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Lancaster City (10533) |
| HEAT | Central, Natural Gas |
| PARKING | On Street |
| SEWER | Public Sewer |
| WATER | Public |
Location
Listing provided by PPM Real Estate, Inc.
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Data last updated: 1/10/25 4:05 AM PST
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