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121-123 E King St, Lancaster, PA 121-123 E King St 14,955 SF 100% Leased Office Building Lancaster, PA 17602 $1,895,000 ($126.71/SF)



Investment Highlights
- The oldest city townhouse in Lancaster
- Mixed-use potential, with approximately 5,500 square feet of commercial space across the first and lower levels
- Designed by renowned architect C. Emlen Urban for Milton Hershey
- In the heart of vibrant Downtown Lancaster
- 14-car rear garage equipped with an EV charging station
Executive Summary
Experience a property of extraordinary distinction - one that stands alone in Lancaster City history. Bearing a rare and storied date stone, this is the oldest city townhouse in Lancaster, with origins dating back to 1762. Originally constructed by William and Elizabeth Bowsman, the sandstone Georgian townhome has been meticulously preserved, honoring its architectural integrity while seamlessly accommodating modern use. An extraordinary opportunity to own a luxurious residence and landmark property in the heart of vibrant Downtown Lancaster, this home is ideally positioned in the Central Business District just one block from Penn Square. Enjoy walkable access to an exceptional array of upscale restaurants, charming coffee shops, artisanal bakeries, boutique shopping, and cultural landmarks, including Lancaster Central Market, the courthouse, Fulton Theatre, and Ware Center - all mere steps away. The property offers exceptional mixed-use potential, with approximately 5,500 square feet of commercial space across the first and lower levels. The primary office space was thoughtfully designed by renowned architect C. Emlen Urban for Milton Hershey, intended to entice him to return his confectionery business to the area. A rare and invaluable amenity in the city, the property also includes a 14-car rear garage equipped with an EV charging station, further enhancing its appeal as a premier business opportunity in a prime commercial zone. Above the commercial space lies a magnificently restored 3,500-square-foot residence featuring three bedrooms, three full baths, and one half bath. Completely upgraded between 2015 and 2016, the home blends historic character with refined, metropolitan finishes. Soaring ceilings and an open, light-filled layout create a sense of effortless sophistication and residential comfort rarely found in the city. Combining unparalleled history, an irreplaceable downtown location, flexible commercial opportunity, and exceptional residential living, this is a truly singular offering - representing the very finest of Lancaster City living.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
14,955 SF
Building Class
B
Year Built/Renovated
1789/2019
Price
$1,895,000
Price Per SF
$126.71
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,985 SF
Building FAR
1.72
Lot Size
0.20 AC
Zoning
CB1 - CENTRAL BUSINESS DISTRICT. Historical Building - Conservation Easement
Parking
14 Spaces (0 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Fireplace
- Kitchen
- Natural Light
- Hardwood Floors
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (98)
Property Taxes
| Parcel Number | 332-65668-0-0000 | Improvements Assessment | $585,500 |
| Land Assessment | $100,000 | Total Assessment | $685,500 |
Property Taxes
Parcel Number
332-65668-0-0000
Land Assessment
$100,000
Improvements Assessment
$585,500
Total Assessment
$685,500
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121-123 E King St, Lancaster, PA | 121-123 E King St
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