1 Chestnut St Lancaster, PA 17603

Property Details for 1 Chestnut St

Year built

2023

Property size

35,000 SF

Property type

Retail properties

Description

This exceptional 2,790-square-foot retail space is located in Lancaster, Pennsylvania's vibrant Central Business District (CBD), at 1 W Chestnut St, 17603. Part of a new seven-story building (35,000 total square feet) completed in 2023, this single-tenant space offers unparalleled visibility and accessibility. Situated on a prime corner lot, it enjoys high traffic counts and proximity to The Holiday Inn, Imperial Restaurant, QSB Restaurant-Lounge, and Lancaster County Offices. The space boasts full glass storefronts, maximizing exposure to pedestrians and vehicular traffic. With 17-foot ceilings, a finished ceiling, concrete floors, and a modern HVAC system, the space is ready for immediate occupancy. A 200-amp electric panel is installed, and two restrooms are included in the shell delivery. Restaurant tenants have the option to add a grease duct and exhaust. The building's 142 residential units provide a built-in customer base, complemented by abundant street and garage parking. Lancaster boasts a 100% walkability score, ensuring high foot traffic. The space is subdividable, offering flexibility for various business types, including restaurants, cafes, offices, and professional or medical services. The monthly rent is $23.00 per square foot (NN lease with no CAM fee), with estimated annual taxes and insurance adding $4.50 per square foot. The total monthly rent is $6,396.75. Tenant responsibilities include utilities, water, sewer, and trash. A tenant improvement allowance (TIA) of $25 per square foot is available for qualified tenants signing a minimum seven-year lease. Zoned for CBD use in Lancaster County.

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Longitude

-76.3068

Latitude

40.0412