For Lease
$28/SF/YR

1 Chestnut StLancaster, PA 17603

2,790 SF Retail Space, New Construction

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 2,790-square-foot retail space is located in Lancaster, Pennsylvania's vibrant Central Business District (CBD), at 1 W Chestnut St, 17603. Part of a new seven-story building (35,000 total square feet) completed in 2023, this single-tenant space offers unparalleled visibility and accessibility. Situated on a prime corner lot, it enjoys high traffic counts and proximity to The Holiday Inn, Imperial Restaurant, QSB Restaurant-Lounge, and Lancaster County Offices. The space boasts full glass storefronts, maximizing exposure to pedestrians and vehicular traffic. With 17-foot ceilings, a finished ceiling, concrete floors, and a modern HVAC system, the space is ready for immediate occupancy. A 200-amp electric panel is installed, and two restrooms are included in the shell delivery. Restaurant tenants have the option to add a grease duct and exhaust. The building's 142 residential units provide a built-in customer base, complemented by abundant street and garage parking. Lancaster boasts a 100% walkability score, ensuring high foot traffic. The space is subdividable, offering flexibility for various business types, including restaurants, cafes, offices, and professional or medical services. The monthly rent is $23.00 per square foot (NN lease with no CAM fee), with estimated annual taxes and insurance adding $4.50 per square foot. The total monthly rent is $6,396.75. Tenant responsibilities include utilities, water, sewer, and trash. A tenant improvement allowance (TIA) of $25 per square foot is available for qualified tenants signing a minimum seven-year lease. Zoned for CBD use in Lancaster County.

Highlights

  • 2,790 SF retail space in Lancaster, PA's Central Business District (CBD) at 1 W Chestnut St.
  • Located in a new, seven-story building (35,000 SF total) completed in 2023, offering high visibility and accessibility.
  • Prime corner lot with high traffic counts, near hotels and restaurants.
  • Full glass storefronts, 17-foot ceilings, modern HVAC, and two restrooms.
  • 200-amp electric panel; grease duct/exhaust option for restaurants; subdividable.
  • $23/SF NNN lease (no CAM), $4.50/SF estimated annual taxes & insurance; total monthly rent: $6,396.75.

Property Details for 1 Chestnut St

Property type
Retail properties
RSF (Rentable sq. ft)
35,000 SF
Year Built
2023
Stories
7

Unit(s) available at that property

Space
Size
2,790 SF
Rate per SF
$28

Location Insight

City
Lancaster
County
Lancaster
State
Pennsylvania
Latitude
40.04121
Longitude
-76.30679
1 Chestnut St, Lancaster, Pennsylvania

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Contacts

Corinn Kirchner
Corinn Kirchner
Alex Ebert
Alex Ebert
Tracy Lin Horst
Tracy Lin Horst
Visit Broker Website

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1 Chestnut St, Lancaster, Pennsylvania, 17603

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

1 Chestnut St
  • Corinn Kirchner
    Corinn Kirchner
  • Alex Ebert
    Alex Ebert
  • Tracy Lin Horst
    Tracy Lin Horst
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