226 Arch StLancaster, PA 17603

Property Details for 226 Arch St

Year built

1850

Construction

BRICK

Lot size

0.24 AC

Property size (Sq ft)

9,704 SF

Zone code

R3

Property type

Office properties

APN

331-54117-0-0000

APU

3315411700000

Description

This exceptional 2,400 square foot traditional office suite at 226 North Arch Street, Suite A, in Lancaster, Pennsylvania (zip code 17603), is ideally situated just steps from the city's Central Business District, yet offers a tranquil setting. The first-floor space boasts unique architectural details including exposed and painted white brick walls, a modern lobby/atrium, and stylish sliding barn doors. The layout includes three private offices, spacious open work areas, a large conference room, and a convenient kitchenette/breakroom. Abundant natural light floods the suite through its many large windows. One free parking space is included in the lease, and the building is directly across Arch Street from the Water Street public parking garage, providing ample additional parking options. The monthly gross rent is $4,100, encompassing base rent and 2024 Net, Net, Net (NNN) charges. The NNN expenses cover common area maintenance (CAM), real estate taxes, electricity, gas, water, sewer, trash removal, landscaping, snow removal, and building insurance. Tenant responsibilities include phone/internet, interior janitorial services, liability insurance, and any annual increases in operating expenses and utilities. The property is available for occupancy on September 1st. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,497,812

  6.5%

  $1,382,596

  7%

  $1,283,839

• Comparable approach

  Method

  Valuation

  Relative Method

  $744,098

  Geo Method

  $610,479

• Alternative Use

  Use

  Valuation

  Residential

  $1,714,419

  Hospitality

  $1,570,399

  Educational

  $1,306,553

  Medical

  $1,351,488

  Retail

  $2,032,416

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0414

Longitude

-76.3104

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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