8 King StLancaster, PA 17603

Property Details for 8 King St

Year built

1900

Construction

WOOD FRAME

Lot size

0.68 AC

Property size (Sq ft)

33,749 SF

Zone code

CB1

Property type

Office properties

Property subtype

Other office properties

APN

334-27380-0-0000

APU

3342738000000

Description

This exceptional 14,015 square foot mixed-use building at 8 West King Street in Lancaster, Pennsylvania's Central Business District (CBD), offers a unique opportunity for businesses seeking creative office space. Recently renovated in 2023, this Class B property boasts four stories, elevators, and is conveniently located near Queen Street. The building is zoned for CBD use and features multiple tenancy options, with a minimum divisible space of 2,495 square feet and a maximum contiguous space of 4,105 square feet. Currently, the entire 14,015 square feet is vacant, presenting a blank canvas for a single large tenant or multiple smaller occupants. The property's redevelopment includes retail suites, professional office space, and residential apartments, creating a vibrant and dynamic environment. A public parking garage is located directly behind the building, ensuring convenient parking for tenants and their clients. Suite #810, a first-floor space, offers an improvement allowance for qualified tenants signing long-term leases. Leases are gross, encompassing taxes, CAM charges, and utilities. The building's prime location in the heart of downtown Lancaster provides unparalleled access to amenities and a thriving business community. This is an exceptional opportunity to secure high-quality commercial space in a rapidly developing area. The zip code is 17603.

• CAP approach

  CAP return

  Valuation

  6%

  $5,209,158

  6.5%

  $4,808,454

  7%

  $4,464,992

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,587,858

  Geo Method

  $2,123,150

• Alternative Use

  Use

  Valuation

  Residential

  $5,962,482

  Hospitality

  $5,461,602

  Educational

  $4,543,988

  Medical

  $4,700,264

  Retail

  $7,068,427

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0375

Longitude

-76.3063

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].