110 King StLancaster, PA 17603

Property Details for 110 King St

Year built

1780

Construction

BRICK

Lot size

0.06 AC

Property size (Sq ft)

3,370 SF

Zone code

CB

Property type

Office properties

APN

333-60032-0-0000

APU

3336003200000

Description

This exceptional 3,764 square foot retail space, located at 110 West King Street, presents a unique investment opportunity in Lancaster's vibrant Central Business District. Situated at the highly visible intersection of King and Water Streets, this single-tenant space offers convenient access from both streets. Currently vacant and raw, the property benefits from a significant landlord improvement allowance of $35 per square foot, covering new electrical service (200-amp panel), storefront replacements (King & Water Streets), and a grease exhaust duct (tenant installs fan). The open layout and flexible Central Business District zoning allow for diverse uses, including retail, entertainment, office, fitness, or special purpose. Boasting a 99% walkability score, the location is steps from the Fulton Theater, Steinman Parking Garage, surface parking lots, and the Penn Square/Marriott/Convention Center. High visibility ensures excellent marketing potential. Rent includes CAM and water/sewer (retail/office use); tenant pays taxes and separately metered utilities. Total monthly rent is $4,460.49 plus utilities. This property is ideally suited for a business seeking a prominent downtown location with substantial landlord support. The building is adjacent to a newly remodeled apartment complex with 76 units and two additional commercial suites, creating a dynamic and thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $520,160

  6.5%

  $480,147

  7%

  $445,851

• Comparable approach

  Method

  Valuation

  Relative Method

  $258,410

  Geo Method

  $212,007

• Alternative Use

  Use

  Valuation

  Residential

  $595,383

  Hospitality

  $545,367

  Educational

  $453,739

  Medical

  $469,344

  Retail

  $705,816

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.038

Longitude

-76.3032

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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