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Lancaster City Versatile Leasing Opportunity
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220 Hazel St, Lancaster, PA

Prime property with retail, office, and warehouse spaces for lease.

Property Size3,500 SF
Lot Size0.61 Acres
Days on Market735

Property Features for 220 Hazel St

General Information

Standard status Active
Size 3,500 SF
Lot size 0.61 Acres
Property subtype INDUSTRIAL
Listing Agency: Bennett Williams Commercial - Lancaster
Listed By: Tom Troccoli · License #RS365967
Source: Moodyscre
Added: Jul 29, 2024 Changed: Jul 6 Last Checked: Jul 21 at 6:31AM

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 Bennett Williams Commercial - Lancaster

Investment Insights

Based on property information with market context.

This property in Lancaster City offers a versatile leasing opportunity with three units suitable for various business needs. The first unit is an upstairs retail/office space of 540 square feet, ideal for boutiques, studios, or professional offices. The second unit is a street-level retail/office space of 775 square feet, perfect for businesses seeking prominent street-level visibility. Additionally, there's an attached warehouse space of 5,000 square feet, divisible into 1,000 square feet increments, suitable for manufacturing, light industrial, or storage purposes. The property's zoning permits a broad range of commercial and industrial uses, making it ideal for startups or established businesses looking to expand. The total property size is 3,500 square feet.

Key Highlights

  • Versatile property with three distinct units.
  • Large 5,000 sq ft warehouse space divisible into 1,000 sq ft increments.
  • Prime location in Lancaster City.

Property Analytics

Current Use

Lancaster Extrusion Inc. Factory Land & Sea Specialty Food Shop Janelle Lynn Makeup ... Cosmetic Store Aesthetically Alicia Cosmetic Store revu Clothing & Fashion Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Plumbing Service Locksmith Carpet & Flooring Store Furniture & Home Goods Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.34 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,643
Businesses Nearby
Under-served
Demand for This Use

Market

Lease Benchmarks for Lancaster, PA

$265,517 /SF/Yr
Avg Asking Price
$27,137–$654,949 /SF/Yr
Price Range
17,420 SF
Avg Space Size

This space is priced 100% below the average of $265,517 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Seymour Street Self storage — 222 Seymour St, Lancaster, PA 17603
  • North Street Storage — 555 North St, Lancaster, PA 17602
  • SOWE Storage unit — 33 Old Dorwart St, Lancaster, PA 17603
  • Seymour Storage Units — 201 Seymour St, Lancaster, PA 17603
  • Ace Moving Co — 822 Lafayette St, Lancaster, PA 17603

Frequently Asked Questions

What type of property is this?
Warehouse - Prime property with retail, office, and warehouse spaces for lease.
Where is this warehouse located?
The property is located at 220 Hazel St Lancaster, PA.
What is the lease rate?
The lease rate is $8.95 SF/Yr.
What are key features of this property?
This property features: Versatile property with three distinct units.; Large 5,000 sq ft warehouse space divisible into 1,000 sq ft increments.; Prime location in Lancaster City.
(717) 843-5555 Call to check price and availability
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