• QUEEN LANCASTER, PA 17603

  • 22,294 SqFt
  • Commercial / Rental

Property Details for QUEEN St, LANCASTER, PA 17603

Features

Facts

Sale Type

This property is offered for rent and/or lease directly by its owner. If you are interested in purchasing this property then you should contact the owner directly.

Description

Lancasters iconic Rebmans 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.

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Property Brokerage: Compass Real Estate, LLC 320 Granite Run DRIVE Lancaster PA 17601
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.