127 Market StYork, PA 17401

Property Details for 127 Market St

Year built

1900

Lot size

0.17 AC

Property size (Sq ft)

10,513 SF

Zone code

CM

Property type

Retail residential properties

APN

02-022-01-0009.00-00000

APU

20220100090000000

Description

This exceptional 11,726 square foot office building, situated on a 0.58-acre lot in York, Pennsylvania's Central Business District, presents a unique investment opportunity. Constructed in 1930 and extensively renovated in 2017, the four-story building offers a blend of classic charm and modern functionality. The property features a single tenancy, with a first-floor suite (2,816 RSF) currently available for lease at $12.00 per square foot, NNN. This suite includes six private offices, open workspace, and a reception/waiting area. An additional 2,326 square feet of lower-level space, encompassing a conference room and kitchen, is also available for lease at $6.00 per square foot, gross. The building boasts 51 parking spaces, three-phase power (2-400 AMP, 3 meters), and elevators. Ceiling heights range from 8 to 14 feet. The property is zoned for Central Business District use with a HARB overlay. This is an excellent opportunity to secure a well-maintained, centrally located office space in a thriving Pennsylvania market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,321,473

  6.5%

  $2,142,898

  7%

  $1,989,834

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,419,626

  Geo Method

  $1,025,128

• Alternative Use

  Use

  Valuation

  Residential

  $2,142,898

  Hospitality

  $1,962,883

  Educational

  $1,633,096

  Medical

  $1,689,261

  Retail

  $2,540,372

Location Insight

City

York

County

York

State

Pennsylvania

Latitude

39.9637

Longitude

-76.7252

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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