Investment retail/flex building: 12,200+ sq. ft on 2.1 acres, located on the west side of Lancaster, just 1.5 miles to route 30/Centerville Road. The building has been exceptionally maintained (parking lot recently sealed, 2 of the 3 HVAC systems almost brand new, roof and gutters in good condition); Steel and block building with 14′-16′ ceilings; Fully temp controlled; Delivery truck access to rear of building, easy to add more delivery doors in the rear; Public sewer, well water, propane heat, 3 phase electric (electric separately metered); 65 Parking spaces. ~ Built in 2005 for Dollar General to occupy, the developer added additional sq. ft. to have a 2nd tenant space. Suite 1: Dollar General: Current lease through 11/30/20 with two 3-year options with rent increases. It is anticipated they will elect the upcoming renewal (Listing Broker can provide additional detail). Suite 2: Recently occupied by a gym until 12/31/19, this suite is available for lease or buyer occupancy – 3,250sf with storefront space and a rear storage/temp controlled warehouse area (ideal for retail, special use, or a contractor office/showroom, i.e. flooring, cabinetry, carpet, HVAC vendor, etc.). Lease and income/expense details in brochure under documents. Suite 2 is actively listed for lease at the projected rent. Projected net income over $100,000 for an 8.3% CAP rate.
Lancaster City Warehouse conversation to Residential Living! 4 units total, 2 already sold. Single floor living, 405 sq.ft. private patio/terrace, indoor/outdoor parking, storage within the garage, 1/2 block from LGH, 6 eateries within 2 blocks. Exposed brick, spiral duct, high ceilings, large windows and airy floor plans ideal for entertaining and easy living. These won’t last! LERTA PROGRAM REDUCES REAL ESTATE TAXES OVER 7-YEAR PERIOD!