237 Chestnut StLancaster, PA 17603

Property Details for 237 Chestnut St

Year built

1900

Construction

BRICK

Lot size

0.11 AC

Property size (Sq ft)

3,705 SF

Zone code

R3

Property type

Retail properties

Property subtype

Turn key restaurants

APN

331-52153-0-0000

APU

3315215300000

Description

This exceptional 3,705-square-foot special-purpose property at 237 W Chestnut St, Lancaster, PA 17603, is ideally suited for a catering kitchen or similar business. Currently configured with multiple rooms dedicated to cooking, preparation, staging, storage, office space, and a tasting room, this turnkey operation offers immediate occupancy. The property includes two restrooms, central air conditioning, gas heating, and ample electrical capacity to accommodate substantial kitchen equipment. All existing equipment is included in the lease, although some items may require service or repair (details available upon request). The rear yard provides an opportunity for herb or vegetable gardening. Convenient street parking is available, supplemented by proximity to the Water Street garage. The building offers prominent signage opportunities for enhanced visibility. The property is zoned R3 and currently operates as a non-conforming use for a catering kitchen

• CAP approach

  CAP return

  Valuation

  6%

  $840,644

  6.5%

  $775,979

  7%

  $720,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $715,926

  Geo Method

  $587,366

• Alternative Use

  Use

  Valuation

  Residential

  $654,568

  Hospitality

  $599,580

  Educational

  $498,844

  Medical

  $516,000

  Retail

  $775,979

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0409

Longitude

-76.3105

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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