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38-42 Market St

12,100 SF 100% Leased Retail Building Lancaster LA1 1HS $1,156,150 ($96/SF) 9.76% Cap Rate

Investment Highlights

  • Prominent Location
  • Good Transport Links
  • Close to local amenities

Executive Summary

We are advised that the bank building is freehold but subject to the current lease. The adjoining modern building is long leasehold.

Attachments

Brochure

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront
Building Size
12,100 SF
Building Class
B
Year Built
1960
Price
$1,156,150
Price Per SF
$96
Cap Rate
9.76%
NOI
$112,789
Percent Leased
100%
Building Height
4 Stories
Building FAR
1.34
Lot Size
0.21 AC

Amenities

  • 24 Hour Access

Nearby Major Retailers

Sainsbury's
Snap Fitness 24/7
Virgin Money Plc
Clydesdale Bank
Santander
Caffe Nero
eurochange
Starbucks
Barclays
YMCA
  • Listing ID: 33661712

  • Date on Market: 10/28/2024

  • Last Updated:

  • Address: 38-42 Market St, Lancaster LA1 1HS

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