220 Saint Charles WayYork, PA 17402

Property Details for 220 Saint Charles Way

Year built

2005

Lot size

12.77 AC

Property size (Sq ft)

35,096 SF

Zone code

OP

Property type

Office properties

Property subtype

Office buildings

APN

54-000-HI-0308.L0-00000

APU

54000HI0308L000000

Description

This exceptional Class A office suite, located at 220 Saint Charles Way, Suite 150 in York, Pennsylvania, offers 60,000 total square feet within a single, two-story building constructed in 2005. Situated on a spacious 12.77-acre lot, this property boasts a highly desirable Commercial Office zoning designation within York County. The suite itself is situated on the first floor and comprises nine private offices, two conference rooms, an open bullpen area, a fully equipped kitchen, a dedicated IT room, and a large reception area. Currently leased to Stambaugh Ness until April 30, 2027, at a below-market rate, this presents a unique investment opportunity. The lease includes a single five-year renewal option at market rate. The base lease rate of $8.46 per rentable square foot encompasses operating expenses. Importantly, the current tenant has not incurred any additional expenses beyond the base rate since lease commencement. The building features convenient amenities such as elevators and 8-foot plus ceilings. This property is ideal for businesses seeking a prestigious and well-appointed office space in a prime York County location. The zip code is 17402.

• CAP approach

  CAP return

  Valuation

  6%

  $5,417,068

  6.5%

  $5,000,370

  7%

  $4,643,201

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,691,145

  Geo Method

  $2,207,889

• Alternative Use

  Use

  Valuation

  Residential

  $6,200,459

  Hospitality

  $5,679,587

  Educational

  $4,725,350

  Medical

  $4,887,862

  Retail

  $7,350,544

Location Insight

City

York

County

York

State

Pennsylvania

Latitude

39.9282

Longitude

-76.6921

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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