237 Chestnut St Lancaster, PA 17603-3546
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 rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R3 · Lancaster, PALancaster. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.