Class A Office - Lancaster Square
High Profile Class A Office | Lancaster CBD | 77,294 SqFt
Marketing description
100 North Queen Street presents a rare opportunity to acquire one of Downtown Lancaster's most recognizable office properties and reposition a landmark asset in the heart of the city's Central Business District. Encompassing approximately 77,294 square feet, the property occupies a premier location adjacent to Penn Square, the Lancaster Marriott, Lancaster County Convention Center, Central Market, and the city's vibrant dining, entertainment, and professional services district.
Anchored by Penn Medicine and complemented by a diverse mix of existing tenants, the property offers a combination of in-place income and significant value-add potential. Recent tenant departures have created substantial leasing opportunities across the second and third floors, providing investors and owner-users with the ability to increase occupancy, drive rental growth, and reposition the asset to meet evolving market demand. With direct connectivity to structured parking, large and efficient floorplates, prominent signage opportunities, and a location within Lancaster's CRIZ district, 100 North Queen Street offers a compelling opportunity to create long-term value in one of Pennsylvania's most dynamic urban markets.
Investment highlights
- PREMIER DOWNTOWN LANCASTER LOCATION - Situated in the center of Lancaster City's Central Business District, the property benefits from immediate access to Penn Square, the Lancaster Marriott, Lancaster County Convention Center, Central Market, government offices, restaurants, retail destinations, and cultural attractions. The property boasts a 99 Walkability Score and serves as one of the city's most recognizable office addresses.
- ANCHOR TENANCY WITH PENN MEDICINE - Penn Medicine occupies approximately 4,040 square feet on the second floor and remains committed through August 2029, providing institutional tenancy and a stable income foundation within the building.
- SIGNIFICANT VALUE-ADD LEASE-UP OPPORTUNITY - More than 33,000 square feet of vacancy and upcoming vacancy creates a unique opportunity for investors to increase occupancy and rental income. The property's large floorplates provide flexibility for traditional office, medical, educational, nonprofit, governmental, or mixed-use users.
- OWNER-USER ACQUISITION OPPORTUNITY - The substantial availability on both the second and third floors provides a rare opportunity for an owner-user to acquire a prominent downtown asset while benefiting from existing rental income and future expansion capability.
- DIRECT PARKING GARAGE CONNECTION - The building offers direct interior access to the Prince Street Parking Garage, a highly desirable amenity that differentiates the property from many urban office buildings and provides convenient parking for tenants, employees, and visitors.
- CRIZ LOCATION & REDEVELOPMENT POTENTIAL - Located within Lancaster City's CRIZ district, the property may benefit from economic development incentives and future redevelopment opportunities. Previous studies have suggested the structure may support additional vertical development, creating long-term value enhancement potential.
- PROMINENT VISIBILITY & BRANDING OPPORTUNITY - Positioned at the intersection of North Queen Street and Orange Street, the property enjoys visibility to more than 20,000 vehicles daily and offers exceptional signage opportunities within Lancaster's urban core.
- LARGE, EFFICIENT FLOORPLATES - The building contains approximately 62,325 square feet above grade with flexible floor layouts that can accommodate multi-tenant occupancy, full-floor users, or strategic reconfiguration to meet future market demand.
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