315 James StLancaster, PA 17603
- Office properties
- 1,111 SF
Property Details for 315 James St
- Year built
- 1940
- Construction
- BRICK
- Property size (Sq ft)
- 1,111 SF
- Zone code
- MU
- Property type
- Office properties
- Property subtype
- Other office properties
- APN
- 339-91309-1-0203
- APU
- 3399130910203
Description
This exceptional 1,393-square-foot office suite is ideally situated on the first floor of a handicap-accessible building in Lancaster, Pennsylvania's vibrant downtown. The renovated space boasts three private offices, a dedicated conference room, ample workstation space, a convenient waiting room, a kitchenette, and a full bathroom. Located within the James Street Improvement District, this mixed-use property offers unparalleled access to amenities and public transportation. Benefit from on-site parking with 80 spaces in a rear lot, supplemented by convenient on-street parking on West James and North Mulberry Streets. Red Rose Transit's Bus Route #1 stops directly in front of the building, ensuring easy commutes. Enjoy a Walk Score of 94, placing you within walking distance of an array of shops, restaurants, and entertainment venues, including the Lancaster Arts Hotel, The Fridge, Champion Forge (Mean Cup & Sukhothai), Harrisburg Pike, Franklin & Marshall College, and Lombardo's Restaurant. The property is zoned MU - Mixed Use (APN: 3399130910210). The lease rate is $9.95 per square foot, NNN. The monthly rent is $13,855.03, plus NNN fees and utilities. Available November 15, 2024.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $171,483
- 6.5%
- $158,292
- 7%
- $146,985
-
Comparable approach
- Method
- Valuation
- Relative Method
- $85,191
- Geo Method
- $69,893
-
Alternative Use
- Use
- Valuation
- Residential
- $196,282
- Hospitality
- $179,793
- Educational
- $149,586
- Medical
- $154,730
- Retail
- $232,689
Location Insight
- City
- Lancaster
- County
- Lancaster
- State
- Pennsylvania
- Latitude
- 40.0457
- Longitude
- -76.3126
- CBSA code
- 29540
- CBSA name
- LANCASTER, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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