39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo
39 E Chestnut Street, Lancaster, PA 17602 Photo

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39 E Chestnut Street Lancaster, PA 17602
$5,500,000
ACTIVE / MLS# PALA2086866 / Commercial - Office / Lancaster

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.

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Property Details

Property Type: Commercial - Office
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: Central
Taxes: $1
Year Built: 1954

Feature Descriptions

Accessibility: 2+ Access Exits, Elevator, Level Entry - Main
Days on Site: 42
Exterior: Brick
Location: Downtown
Lot: Corner
Municipality: LANCASTER CITY
Parking Notes: Private
Sewer: Public Sewer
Special View Info: City, Street
Total Garage/Parking Spaces: 44
Units: 4
Water: Public

Schools

School District: SCHOOL DISTRICT OF LANCASTER

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Listed By / Shown By

Listed By

Agency Name: PPM Real Estate, Inc.
Agency Phone: 7173943374

Shown By

Agency Title: Lewith & Freeman
Agency Phone: (570) 288-9371

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