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    37-45 North Duke St Lancaster, PA 17603

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    For Sale
    $2,295,000

    Three-parcel assemblage in downtown Lancaster with single tenant net lease.

    Property size:
    30,008 SF

    Property Features for 37-45 North Duke St

    General Information

    Size
    30,008 SF

    Building Details

    Year built
    1880

    Source: F. Jeffrey Kurtz, CCIM, SIOR Agent F. Jeffrey Kurtz, CCIM, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Lancaster Assemblage For Sale

    This property comprises a three-parcel assemblage in downtown Lancaster, including 37 N Duke St, 45 N Duke St, and 37 N Cherry St, totaling 30,008 square feet. The property is currently under a NNN lease by a single tenant, Murray Insurance, with the lease expiring on September 30, 2027. There are 27 parking spaces located at the rear of the building. The buildings at 37 N Duke St, 45 N Duke St, and 37 N Cherry St were constructed in 1880, 1916, and 1941, respectively, with the finishes reflecting these periods. The property is located in the heart of Downtown Lancaster, across from the courthouse and a few blocks from Penn Square, surrounded by retail, restaurants, entertainment, and hotel amenities. The location is within walking distance of downtown's retail, restaurants, pubs, and entertainment venues. The property offers potential for redevelopment into multi-family or mixed-use spaces.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    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
    -76.303038
    Latitude
    40.036979

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    FAQs

    What type of property is this?
    Office building - Three-parcel assemblage in downtown Lancaster with single tenant net lease.
    Where is this office building located?
    The property is located at 37-45 North Duke St Lancaster, PA.
    What is the asking price?
    The asking price for this property is $2,295,000.
    What are key features of this property?
    This property features: - Single tenant net lease with 100% occupancy through 2027.; - Prime downtown Lancaster location across from the courthouse and near Penn Square.; - Three-parcel assemblage totaling approximately 30,000 SF.
    (717) 278-9362
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    37-45 North Duke 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
    37-45 North Duke St Lancaster, PA 17603
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