127 Orange StLancaster, PA 17602

Property Details for 127 Orange St

Year built

1850

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.16 AC

Property size (Sq ft)

7,570 SF

Zone code

CB

Property type

Office properties

Property subtype

Other office properties

APN

332-65148-0-0000

APU

3326514800000

Description

This exceptional 4,758-square-foot creative office space at 127 E Orange St, Lancaster, PA 17602, offers a unique blend of historic charm and modern functionality. Located in the Central Business District, this Class B building, constructed in 1850 and renovated in 2012, boasts a prime location across from The Hamilton Club and near the Courthouse. The first-floor space features a welcoming reception area with built-in desk and large picture window, multiple private offices (four total), two conference/meeting rooms, several built-in work areas, and two expansive open areas ideal for training, meetings, or gatherings. The efficient layout includes a side entrance on Cherry Street with two reserved parking spaces and a private two-car garage. Additional leased parking is available for $70/space/month. The property includes three restrooms and three kitchenettes. Central air conditioning is installed, and the space offers excellent signage opportunities with high visibility on Orange Street. The building is zoned CBD. Utilities are split: Landlord pays CAM, taxes, water/sewer, trash, and gas heat for the front half

• CAP approach

  CAP return

  Valuation

  6%

  $1,168,430

  6.5%

  $1,078,550

  7%

  $1,001,511

• Comparable approach

  Method

  Valuation

  Relative Method

  $580,464

  Geo Method

  $476,229

• Alternative Use

  Use

  Valuation

  Residential

  $1,337,402

  Hospitality

  $1,225,053

  Educational

  $1,019,230

  Medical

  $1,054,283

  Retail

  $1,585,469

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0403

Longitude

-76.3029

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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