227 Prince StLancaster, PA 17603

Property Details for 227 Prince St

Year built

1890

Construction

BRICK

Lot size

0.26 AC

Property size (Sq ft)

19,169 SF

Zone code

CB

Property type

Retail properties

Property subtype

Turn key restaurants

APN

331-20292-0-0000

APU

3312029200000

Description

The newly renovated Prince Street Lofts (22,000 total square feet) in Lancaster, PA, offers exceptional commercial space. Located at 227 N Prince St, 17603, this multi-tenant property boasts flexible layouts ranging from 85 square feet to 2,300 square feet, perfect for a variety of businesses. The building underwent a complete renovation in 2024, presenting a fresh, modern aesthetic ideal for businesses seeking a contemporary workspace. Suitable uses include retail, office (traditional, creative, executive, and medical), and restaurant concepts. The adaptable spaces allow for customization, with opportunities for tenant involvement in build-out decisions for long-term leases. Situated in Lancaster County, this property provides convenient access to the city's amenities and vibrant business community. This is a unique chance to be among the first commercial tenants in this completely revitalized building. The property's central location and modern design make it an attractive option for businesses seeking a high-quality, versatile space. Contact us today to learn more about leasing opportunities and explore the possibilities for your business at Prince Street Lofts.

• CAP approach

  CAP return

  Valuation

  6%

  $4,349,340

  6.5%

  $4,014,776

  7%

  $3,728,006

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,704,072

  Geo Method

  $3,038,923

• Alternative Use

  Use

  Valuation

  Residential

  $3,386,614

  Hospitality

  $3,102,120

  Educational

  $2,580,928

  Medical

  $2,669,690

  Retail

  $4,014,776

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0418

Longitude

-76.3081

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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