Mixed-Use Complex with Commercial
800 S Queen St, Lancaster, PA 17603
For Lease
$122,400 NNN
Mixed-use complex with apartments and commercial space for lease.
Space SizeContact for details
Lot Size1.39 Acres
Days on Market849
Property Features for 800 S Queen St
General Information
Standard status
Lot size
Listing Agency:
Compass Real Estate, LLC
(717) 431-8300
Listed By:
Deepa Balepur · License PA RM425415
(717) 808-3531
Source:
Exprealty
Added: Jul 15, 2024
Changed: Aug 8
Last Checked: Aug 25 at 5:22AM
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 Compass Real Estate, LLC
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Investment Insights
Based on property information with market context.
The Rebman's store in Lancaster is being redeveloped into a mixed-use complex. The development will include 52 apartment units, with 25 designated as market rate and 27 as affordable housing. The property also offers approximately 6,800 square feet of commercial space. The location is in Lancaster City, situated within both an Opportunity Zone and a LERTA (Local Economic Revitalization Tax Assistance) tax district. There is a preference for a grocery or convenience store tenant. The developer can offer $500,000 to support a developer-approved grocery store fit-out, which will be amortized into the initial lease term. Groundbreaking commenced in November 2023 with demolition and site preparation. The developer has received the permit for a retaining wall and engaged a contractor. The project is expected to pre-lease by late summer and accept the first tenants in late fall 2024. The asking lease rate is $18 per square foot NNN for vanilla shell commercial space.
Key Highlights
- Prime Lancaster City location within Opportunity Zone and LERTA tax district.
- Redevelopment of iconic Rebman's store into a mixed‑use complex.
- 6,800 +/- SF of commercial space available.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
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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
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Market
Lease Benchmarks for Lancaster, PA
$6.95 /SF/Yr
Avg Asking Price
$4.95–$8.95 /SF/Yr
Price Range
78,134 SF
Avg Space Size
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use complex with apartments and commercial space for lease.
Where is this mixed-use property located?
The property is located at 800 S Queen St Lancaster, PA.
What is the lease rate?
The lease rate is $122,400.
What are key features of this property?
This property features: Prime Lancaster City location within Opportunity Zone and LERTA tax district.; Redevelopment of iconic Rebman's store into a mixed‑use complex.; 6,800 +/- SF of commercial space available.
