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Property profile & analytics

800 S Queen St Lancaster, PA 17603

  • Retail space
  • 20,314 SF
  • 1.39 lot acres
For Lease
Last Sale
Apr 17, 2023
$1,400,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US73-0162639
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • OZFund Inc. / Investment Company
  • Rebmans Apartments / Apartment Building
  • OTEC Innovation Group / Engineering Consultant
  • newearthgardencbd / Store
  • Silver Key Solutions / Software Company

Property Details for 800 S Queen St

Year built
1986
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
1.39 lot acres
Property size
20,314 SF
Zone code
C2
Property type
Retail space
APN
334-30244-0-0000
APU
3343024400000

Description

This 6,800 square foot retail storefront in Lancaster, PA, is part of a vibrant mixed-use redevelopment project. Located at 800 S. Queen St., this single-tenant space sits on 1.39 acres of land within Lancaster County's Urban Commercial zoning district. The property benefits from its location in both an Opportunity Zone and a LERTA (Local Economic Revitalization Tax Assistance) tax district. A strong preference exists for a grocery or convenience store tenant. To incentivize this, the developer is offering $500,000 in tenant improvement allowance, amortized over the initial lease term. Construction has commenced, with demolition and site preparation underway since November 2023. Permits for a retaining wall have been secured, and a contractor is engaged. The project anticipates pre-leasing by late summer 2024, with tenant occupancy expected in late fall 2024. The asking lease rate is $18 per square foot, NNN, for the vanilla shell space. This presents a unique opportunity to establish a business in a rapidly developing area of Lancaster City.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
Lancaster
County
Lancaster
State
Pennsylvania
Longitude
-76.3045
Latitude
40.0246
CBSA code
29540
CBSA name
LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$40,405
$203,400
$817,700
$1,021,100
-
$203,400
$817,700
$1,021,100
More about this property
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