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sales rep | Brivity IDX

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39 E Chestnut St , Lancaster, PA 17602
$5,500,000
Est. Payment: $29,711.95/mo
Status: active | Days on site: 186
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1120 - 3234614,3356940
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House Description

This prominent two-story commercial property spans a full city block from Duke Street to Christian Street and totals ±34,111 gross square feet, with ±14,952 square feet currently available for owner occupancy or lease. The Building is occupied by 3 well-qualified tenants, while the available space includes much of the second floor plus portions of the first floor and features its own entrance on Duke Street with the separate address of 200 N Duke Street, allowing for distinct identity and signage. The property includes a 44-space private parking garage with 20 spaces available for the vacant areas, elevator access to all levels, separately controlled HVAC, robust data/IT infrastructure, and a fully sprinklered building with monitored fire alarm system. Positioned at a signalized intersection in Lancaster’s Central Business District, the property offers strong visibility with exposure to 8,000+ VPD on Chestnut Street and 9,000+ VPD on Duke Street. Just 2.5 blocks from Penn Square and within walking distance to Central Market, the courthouse, restaurants, entertainment, and other downtown amenities, this is a rare opportunity to acquire a substantial mixed-occupancy asset with immediate income and future upside. Projected CAP rate of 9.28% at full occupancy. Current CAP rate with vacancy is 5.48% at asking price. Property was converted into a condominium but is not operated as such since there is one owner/landlord. Total RE taxes for all condos as of April 2026 are $125,799.69.

Highlights

Listed by Corinn E. Kirchner , 7173943374 and Alexandra Ebert , 7173943374 PPM Real Estate, Inc. , 7173943374. Bright MLS

Property Type

Commercial Sale

Year Built

1954

County

Lancaster

Area

Lancaster City (10533)

School District

School District Of Lancaster

Listing ID

PALA2086866

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Interior Features

Air Cond:Central A/C
Fireplaces:
Water:Public

Exterior Features

Lot:Corner,Not New Construction,Horse Property: No
Lot Dimensions:0.00 x 0.00
Garage Capacity:44
Zoning:Central Business District
Sewer:Public Sewer
Parking Features:Private,Private Garage,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$29,712
Taxes
$0

Home Price

$5,500,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$1,100,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$29,711.95

Principal

Taxes

Principal Taxes HOA Total
Monthly $29,711.95 $0.08 $0.00 $29,712.04
Yearly $356,543.42 $1.00 $0.00 $356,544.42
Total $10,696,302.72 $30.00 $0.00 $10,696,332.72
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Lancaster, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T17:14:43.000Z

© 2026 Bright MLS