Furnished Coworking
101 N Queen Street # 204-215, Lancaster, PA 17603
For Sale
New
Contact for pricing
Private workspaces come with utilities, internet, meeting rooms, and shared kitchen facilities.
Property Size200,000 SF
Price / SF$0.00
Days on Market5
Property Features for 101 N Queen Street # 204-215
General Information
Standard status
Size
Elevators
Property subtype
Zoning
Lease Type
Lease Term
Space & Availability
Floor
Furnished
Additional Details
Property Use
Amenities
two conference rooms
kitchen area
open seating areas
coffee/microwave/refrigerator
water fountains
restroom
Carpet
Electric
Yes
150
2
N
Public
1.10
No
Estimated
Public Garage
200000.00
Building Details
Year Built
Abandoned
Listing Agency:
PPM Real Estate, Inc.
Listed By:
Corinn E. Kirchner · License #RM425642
(717) 394-3374
Source:
Thetristaterealestategroup
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 4:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PPM Real Estate, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 2019 office property at 101 N Queen Street offers furnished private suites on the second floor, just off the elevator. Office furnishings include a desk, desk chair, visitor seating, file cabinet, and bookcase. Tenants can add their own furniture, printer, or small appliances, and may place graphics on their glass suite doors. Access is available 24 hours a day, seven days a week.
Shared amenities include two conference rooms, a kitchen, open seating, coffee, a microwave, a refrigerator, water fountains, restrooms, and a printer/copier. The building is in the Ewell Plaza Courtyard along North Queen Street, with entry from Christian Street Garage directly into the building. Zoning is CBD.
Shared amenities include two conference rooms, a kitchen, open seating, coffee, a microwave, a refrigerator, water fountains, restrooms, and a printer/copier. The building is in the Ewell Plaza Courtyard along North Queen Street, with entry from Christian Street Garage directly into the building. Zoning is CBD.
Key Highlights
- Furnished private office suites with 24/7 access
- Two shared conference rooms
- Shared kitchen, open seating, and printer/copier
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,311,179
Suggested Prices Based on Cap Rates
Cap Rate 5%
$66,223,580
$66.2M
Cap Rate 7%
$47,302,557
$47.3M
Cap Rate 9%
$36,790,878
$36.8M
Market Conditions
NOI Build-Up for 200,000 SF
Gross rent
$5.14M $25.68/SF
− Vacancy
−$721.1K −$3.61/SF
EGI
$4.41M $22.07/SF
− OpEx
−$1.10M −$5.52/SF
NOI
$3.31M $16.56/SF
Area
Lancaster County, PA
Vacancy
14.04%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$66,223,580
Cap Rate 7%
$47,302,557
Cap Rate 9%
$36,790,878
Alternative Uses
Best Use
Office B
$47.30M
$41.39M – $55.19M
NOI $3,311,179 @ 7.0% cap · market cap 441,490.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$67.02M
$58.64M – $78.19M
NOI $4,691,482 @ 7.0% cap · market cap 625,530.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,772
Businesses Nearby
Explore this area
Business Placement
Demographics for 17603, PA
66,739
Population
28,142
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
2,225
Density / Sq Mi
$77,156
Median Household Income
$40,043
Median Earnings
$1,265
Median Rent
$244,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Coworking space - Private workspaces come with utilities, internet, meeting rooms, and shared kitchen facilities.
Where is this coworking space located?
The property is located at 101 N Queen Street # 204-215 Lancaster, PA.
What are key features of this property?
This property features: Furnished private office suites with 24/7 access; Two shared conference rooms; Shared kitchen, open seating, and printer/copier
