38-42 Market St
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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.
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
1 of 9
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38-42 Market St
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