1 W CHESTNUT Lancaster, PA 17603

Building Details

Year Built

2023

Listing agency PPM Real Estate, Inc. c***@ppmproperties.com Show Phone

Listed by Corinn Kirchner · License #RM425642 Show Phone

Source Exitrealty

Added: Sep 7, 2024 Updated: Jul 10 at 1:03PM Checked: Jul 22 at 9:24AM

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Investment Insights

Based on property information with market context.

This new construction, first-floor retail space offers approximately 2,790 square feet, and is subdividable. It is located in the Central Business District at a corner location shared by The Holiday Inn, Imperial Restaurant, QSB Restaurant-Lounge, and Lancaster County Offices. The space is situated within a 12-story apartment building with 142 residences. The location offers visibility and signage at the corner of North Queen Street and East Chestnut Street. The property has a walkability score of 100% with garage and street parking adjacent to the building. It is suitable for a restaurant, cafe, office, professional, medical, or retail/service business. The property features full glass storefronts wrapping around the perimeter. For restaurant use, the tenant has the option to add a grease duct and exhaust. The shell delivery includes two restrooms, a finished ceiling, concrete floors, an HVAC system, a 200-amp electric panel, and 17-foot ceilings (to the underside of the second floor). The landlord offers a Tenant Improvement Allowance (TIA) for a qualified tenant signing a minimum 7-year lease. There is also potential for demising into two suites.

Key Highlights

• Prime corner location in the Central Business District with excellent visibility and signage on North Queen Street and East Chestnut Street.
• Located within a 12‑story apartment building with 142 residences, providing a built‑in customer base.
• High walkability score (100%) and abundant parking (garage and street) adjacent to the building.

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FAQs

What type of property is this?

Retail space - New construction retail space in central business district.

Where is this retail space located?

The property is located at 1 W CHESTNUT Lancaster, PA.

What is the lease rate?

The lease rate is $50,220.

What are key features of this property?

This property features: Prime corner location in the Central Business District with excellent visibility and signage on North Queen Street and East Chestnut Street.; Located within a 12‑story apartment building with 142 residences, providing a built‑in customer base.; High walkability score (100%) and abundant parking (garage and street) adjacent to the building.