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$122,400
1.39 Acres Lot
UPDATED:
10/08/2024 06:24 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Rent
MLS Listing ID PALA2046166
Originating Board BRIGHT
Year Built 2024
Lot Size 1.390 Acres
Acres 1.39
Property Description
Lancaster’s iconic Rebman’s store to be redeveloped into a mixed-use complex including 52 apartment units (25 market and 27 affordable) and offering 6,800 +/- SF of commercial space. Strategically located in Lancaster City , in the Opportunity Zone and LERTA (Local Economic Revitalization Tax Assistance) tax district. Strong preference for a grocery or convenience store tenant at the property (concept renderings under Documents). Developer can offer $500,000 to support developer-approved grocery store fit-out, which will be amortized into initial lease term. Groundbreaking started in November 2023 with demolition and site preparation. Developer has received the permit for a retaining wall and contractor has been engaged. The project is expected to pre-lease by late summer and accept the first tenants in late fall 2024. Asking lease rate is $18/SF NNN for vanilla shell commercial space. See listing agent for additional information.
Location
State PA
County Lancaster
Area Lancaster City (10533)
Zoning COMMERCIAL URBAN
Interior
Hot Water Other
Heating Other
Cooling Other
Heat Source Other
Exterior
Garage Spaces 60.0
Water Access N
Accessibility No Stairs, Level Entry - Main, Other
Total Parking Spaces 60
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District School District Of Lancaster
Others
Tax ID 334-30244-0-0000
Ownership Other
SqFt Source Assessor
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Listed by Deepa Balepur • Compass Real Estate, LLC
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