800 S Queen St Lancaster, PA 17603

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.