812 Prince St Lancaster, PA 17603-2732
- Office properties & Spaces
- 10,476 SF
- 0.87 lot acres
Current Use by Public Records
- Union Community Care / Business Administration Service
- Jose Montaner / Medical Clinic
- Letitia Covaci / Physician
- Evelyn Mensah / Physician
Property Details for 812 Prince St
- Year built
- 1980
- Lot size
- 0.87 lot acres
- Property size
- 10,476 SF
- Property type
- Office properties & Spaces
- APN
- 339-14933-0-0000
- APU
- 3391493300000
Description
This exceptional 10,631 square foot traditional office space is available for lease in Lancaster City, Pennsylvania. Located at 812 N Prince Street, this single-tenant property boasts a highly desirable downtown location offering excellent visibility and convenient access. The building itself is well-maintained and features a variety of amenities designed to enhance productivity and comfort. These include private offices, perfect for individual work or team collaboration, along with dedicated conference rooms for meetings and presentations. A fully equipped kitchenette adds convenience for staff and visitors. A key advantage of this property is the inclusion of on-site parking, a significant benefit in a bustling city center where parking can often be a challenge. The lease rate is competitively priced at $10 per square foot gross, with a minimum lease term of two to three years. This presents a unique opportunity to secure a prominent and functional office space in a prime Lancaster location at an attractive price point. The property is situated in Lancaster County, PA, zip code 17603, and offers a blend of modern convenience and classic downtown charm. This space is ideal for businesses seeking a well-equipped, conveniently located office in the heart of Lancaster. The address is 812 N Prince Street.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,170,000
- 6.5%
- $2,000,000
- 7%
- $1,860,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,757,000
- AI Estimate
- $2,630,000
Market price range: $1.76M - $4.09MMarket price range: $1.24M - $4.20M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,715,000 Current use
- MEDICAL BUILDING
- $2,385,000 Change: -12% Conversion: Easy
- RETAIL STORES
- $2,280,000 Change: -16% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.3104
- Latitude
- 40.0499
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA