39 E CHESTNUT ST, Lancaster, PA 17602
39 E CHESTNUT ST, Lancaster, PA 17602
39 E CHESTNUT ST, Lancaster, PA 17602
39 E CHESTNUT ST, Lancaster, PA 17602
39 E CHESTNUT ST, Lancaster, PA 17602
39 E CHESTNUT ST, Lancaster, PA 17602
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Charles C. Heyward, Jr.

Charles C. Heyward, Jr.

+1(240) 604-9639
Listed by Corinn Kirchner • PPM Real Estate, Inc.
$ 5,500,000
Est. payment | /mo
Save
$ 5,500,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID PALA2086866

Year Built 1954

Annual Tax Amount $1

Tax Year 2026

Lot Dimensions 0.00 x 0.00

Property Sub-Type Office

Source BRIGHT

Property 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.

Location

State PA

County Lancaster

Area Lancaster City (10533)

Zoning CBD

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 44.0

Water Access N

View City, Street

Accessibility 2+ Access Exits, Elevator, Level Entry - Main

Total Parking Spaces 44

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

New Construction N

Schools

School District School District Of Lancaster

Others

Tax ID 336-09389-1-0001

Ownership Condominium

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Charles C. Heyward, Jr.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(240) 604-9639

charles@heywardhomes.com

16701 Melford Blvd, Ste 100, Bowie, MD, 20715

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Charles C. Heyward, Jr., including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

39 E CHESTNUT ST