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    8 King St Lancaster, PA 17603

    Sponsored
    For Lease
    $12 SF/Yr ($14,038 /Mo)

    Lancaster CBD: 14,015 SF Available

    Lot size:
    14,015 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 14,015 square foot mixed-use building at 8 West King Street in Lancaster, Pennsylvania's Central Business District (CBD), offers a unique opportunity for businesses seeking creative office space. Recently renovated in 2023, this Class B property boasts four stories, elevators, and is conveniently located near Queen Street. The building is zoned for CBD use and features multiple tenancy options, with a minimum divisible space of 2,495 square feet and a maximum contiguous space of 4,105 square feet. Currently, the entire 14,015 square feet is vacant, presenting a blank canvas for a single large tenant or multiple smaller occupants. The property's redevelopment includes retail suites, professional office space, and residential apartments, creating a vibrant and dynamic environment. A public parking garage is located directly behind the building, ensuring convenient parking for tenants and their clients. Suite #810, a first-floor space, offers an improvement allowance for qualified tenants signing long-term leases. Leases are gross, encompassing taxes, CAM charges, and utilities. The building's prime location in the heart of downtown Lancaster provides unparalleled access to amenities and a thriving business community. This is an exceptional opportunity to secure high-quality commercial space in a rapidly developing area. The zip code is 17603.

    Property Features for 8 King St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,015 SF
    Class
    B
    Total Rate
    14038.36

    Building Details

    Year Renovated
    2023
    Stories
    4

    Unit(s) available at that property

    Space
    Suite 818
    Size
    2,495 SF
    Rate per SF
    $20
    Space
    Suite 820
    Size
    4,105 SF
    Rate per SF
    $16
    Space
    Suite 830
    Size
    3,795 SF
    Rate per SF
    $12
    Space
    Suite 810
    Size
    3,620 SF
    Rate per SF
    $23

    HighLights

    • 14,015 SF mixed‑use building in Lancaster, PA's CBD.
    • Recently renovated (2023) Class B building with four stories and elevators, near Queen Street.
    • Zoned for CBD use; divisible into spaces from 2,495 SF to 4,105 SF contiguous; currently 14,015 SF vacant.
    • Features retail, office, and residential space; public parking garage directly behind.
    • Suite #810 offers tenant improvement allowance with long‑term lease.
    • Gross leases include taxes, CAM, and utilities; prime downtown location in 17603 zip code.
    Property Profile Location Intelligence

    Current Use by Public Records

    SecureStrux Computer Security Service Steinman Marketing Solutions Marketing Agency The Intel Apartment Building Ville & Rue Furniture Store HDC MidAtlantic Real Estate Developer

    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
    -76.30611138
    Latitude
    40.03790672

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    FAQs

    What type of property is this?
    Restaurant - Lancaster CBD: 14,015 SF Available
    Where is this restaurant located?
    The property is located at 8 King St Lancaster, PA.
    What is the lease rate?
    The lease rate is $12-$23 SF/Yr.
    What are key features of this property?
    This property features: 14,015 SF mixed-use building in Lancaster, PA's CBD.; Recently renovated (2023) Class B building with four stories and elevators, near Queen Street.; Zoned for CBD use; divisible into spaces from 2,495 SF to 4,105 SF contiguous; currently 14,015 SF vacant.
    Request Owner's contact information
    8 King 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
    8 King St Lancaster, PA 17603
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