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    800 S Queen St Lancaster, PA 17603

    For Lease
    $122,400

    CommercialLease - LANCASTER, PA

    Type:Retail
    Lot size:
    1.39 Acres
    Days on Market:
    290
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 800 S Queen St

    General Information

    Property type
    Other
    Property subtype
    Retail
    Property condition
    Under Construction
    Standard status
    Active
    Parking
    60
    Parking features
    Parking Lot
    Lot size
    1.39 Acres

    Building Details

    Year built
    2024
    Building materials
    Combination

    Compass Real Estate, LLC (717) 431-8300 [email protected]

    Listing agent Deepa Balepur (717) 808-3531 License #RM425415

    Listing date Feb 27, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Complex with Commercial Space

    A mixed-use complex is under development, featuring 52 apartment units (25 market rate and 27 affordable) and approximately 6,800 square feet of commercial space. Located in Lancaster City, the property benefits from its location within an Opportunity Zone and a LERTA (Local Economic Revitalization Tax Assistance) tax district. Groundbreaking commenced in November 2023 with demolition and site preparation. The developer has obtained the permit for a retaining wall, and a contractor is currently engaged. The project is anticipated to be pre-leased by late summer, with the first tenants expected to be accommodated in late fall 2024. The developer shows a strong preference for a grocery or convenience store tenant. The developer can offer $500,000 to support developer-approved grocery store fit-out, which will be amortized into initial lease term. The asking lease rate for vanilla shell commercial space is $18 per square foot NNN. The property is situated on a 1.39-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    OZFund Inc. Investment Company Rebmans Apartments Apartment Building OTEC Innovation Group Engineering Consultant newearthgardencbd Store Silver Key Solutions Software Company

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.30451202
    Latitude
    40.02463531

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use complex with apartments and 6,800 SF commercial space.
    Where is this mixed-use property located?
    The property is located at 800 S Queen St Lancaster, PA.
    What are key features of this property?
    This property features: - Opportunity Zone and LERTA tax district location offers significant financial incentives.; - **$500,000 available for developer-approved grocery store fit-out**, amortized into the initial lease term.; - Strategically located in Lancaster City.
    (717) 808-3531
    Request Owner's contact information
    800 S Queen St Lancaster, PA 17603
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    Lancaster, PA 17603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    800 S Queen St Lancaster, PA 17603
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