315 James StLancaster, PA 17603

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

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.

• 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

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