226 Arch St Lancaster, PA 17603
- Office Properties & Spaces
- 9,704 SF
- 0.24 lot acres
Current Use by Public Records
- Joy Renewed / Association / Organization
- Inspire Wellness Collective / Coworking Space
- Rachel Kline Creative / Website Designer
- Verity Properties / Real Estate Agency
Property Details for 226 Arch St
- Year built
- 1850
- Construction
- BRICK
- Lot size
- 0.24 lot acres
- Property size
- 9,704 SF
- Zone code
- R3
- Property type
- Office Properties & Spaces
- APN
- 331-54117-0-0000
- APU
- 3315411700000
Description
This exceptional 2,400 square foot traditional office suite at 226 North Arch Street, Suite A, in Lancaster, Pennsylvania (zip code 17603), is ideally situated just steps from the city's Central Business District, yet offers a tranquil setting. The first-floor space boasts unique architectural details including exposed and painted white brick walls, a modern lobby/atrium, and stylish sliding barn doors. The layout includes three private offices, spacious open work areas, a large conference room, and a convenient kitchenette/breakroom. Abundant natural light floods the suite through its many large windows. One free parking space is included in the lease, and the building is directly across Arch Street from the Water Street public parking garage, providing ample additional parking options. The monthly gross rent is $4,100, encompassing base rent and 2024 Net, Net, Net (NNN) charges. The NNN expenses cover common area maintenance (CAM), real estate taxes, electricity, gas, water, sewer, trash removal, landscaping, snow removal, and building insurance. Tenant responsibilities include phone/internet, interior janitorial services, liability insurance, and any annual increases in operating expenses and utilities. The property is available for occupancy on September 1st. Further details are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,585,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,695,000
- 6.5%
- $1,600,000
- 7%
- $1,580,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,520,000
- Geo Method
- $1,595,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,630,000
- Retail
- $1,335,000
- Mixed-Use
- $1,460,000
- Hospitality
- $1,640,000
- Educational
- $1,845,000
- Residential Income
- $1,840,000
- Energy
- $1,425,000
- Income-Based Land
- $1,465,000
- Food Service
- $1,815,000
Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.3104
- Latitude
- 40.0414
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA
