315 James StLancaster, PA 17603

  • Office properties
  • 1,111 SF
For Lease
$9.95/SF/YR View listing

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
315 James St, Lancaster, Pennsylvania

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$3,367
-
$85,100
$85,100
-
-
$85,100
$85,100

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