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    217 Queen St Lancaster, PA 17603

    For Lease
    $21 SF/Yr

    Prime 1,532 SF Retail Opportunity

    Lot size:
    1,532 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1,532-square-foot retail space at 217 N Queen Street in Lancaster, Pennsylvania, presents a unique investment opportunity. Located in the heart of Lancaster's Central Business District, this single-tenant property boasts a highly visible location with excellent signage potential. The property is zoned CB1 and benefits from a 100% walkability score, ensuring high foot traffic and accessibility for customers. Its strategic position is diagonally across from a soon-to-open 140+ unit apartment building, guaranteeing a substantial and growing residential population within easy reach. The surrounding area is vibrant and diverse, featuring a mix of office spaces, retail establishments, hotels, and restaurants, creating a synergistic and thriving commercial environment. Parking is readily available via the Park Mobile app or the nearby North Queen Street Parking Garage, providing convenient access for both employees and customers. The space is currently vacant, with all fixtures, fittings, and equipment (FF&E) having been removed, allowing for complete customization to suit the tenant's specific needs and vision. This property offers a rare chance to establish a thriving business in a dynamic and rapidly developing area of Lancaster City. The address is 217 N Queen St, Lancaster, PA 17603.

    Property Features for 217 Queen St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,532 SF

    Unit(s) available at that property

    Space
    Size
    1,532 SF
    Rate per SF
    $21

    HighLights

    • 1,532 SF retail space at 217 N Queen St, Lancaster, PA 17603.
    • Located in Lancaster's Central Business District with excellent signage potential.
    • CB1 zoning, 100% walkability score, and diagonally across from a new 140+ unit apartment building.
    • Currently vacant and ready for tenant improvements.
    • Convenient parking via Park Mobile app and nearby garage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market 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
    -76.3061721
    Latitude
    40.04172

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    FAQs

    What type of property is this?
    Individual retail property - Prime 1,532 SF Retail Opportunity
    Where is this individual retail property located?
    The property is located at 217 Queen St Lancaster, PA.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 1,532 SF retail space at 217 N Queen St, Lancaster, PA 17603.; Located in Lancaster's Central Business District with excellent signage potential.; CB1 zoning, 100% walkability score, and diagonally across from a new 140+ unit apartment building.
    Request Owner's contact information
    217 Queen 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
    217 Queen St Lancaster, PA 17603
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