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Office

227 W. Market St | Tremendous Upside | Waterside Downtown | Conversion 2nd Floor Potential

227 W Market St, York, PA 17401

Listing Price: $795,000

Cap Rate
9.04%
Gross SF
18,695
Rentable SF
15,516
Price/Gross SF
$42.52
Lot Size
0.44 acres
Year Built
1920

Investment Overview

Located in the heart of Downtown York along the scenic Codorus Creek and the Heritage Trail, this 18,695-square-foot, mixed-use office property offers a rare combination of historic character, in-place income, and compelling repositioning potential. Originally constructed in 1920 and thoughtfully renovated by current ownership, the masonry building showcases exposed industrial finishes, rotating art gallery installations, and a creative shared workspace that fosters a collaborative, inspiring environment for professional, mission-driven, and cultural tenants alike. The property sits just steps from York’s vibrant restaurants, bars, and retail shopping experiences, creating an ideal environment for both work and community engagement.

With a Year 1 occupancy projected at approximately 92 percent, the property generates stable cash flow from three established tenants—Big Brothers Big Sisters (Suite 104), TNH Sober Living, LLC (Suite 103), and York Opioid Collaborative (Suite 101)—with additional suites providing near-term leasing opportunities to achieve more upside. This current scenario offers both strong income continuity and immediate upside for investors or owner-users. The site features approximately 20 dedicated parking spaces, plus 12 additional optional spaces that can help reduce expenses or accommodate future development needs, an exceptional convenience in a downtown environment.

Strategically positioned on a 0.44-acre lot within a designated Opportunity Zone, the property also carries significant long-term tax advantages for investors seeking both financial and community impact. The building’s freight-capable elevator, robust infrastructure, and prime waterfront exposure further enhance its adaptability across a variety of uses.

Repositioning and Upside Potential

The second floor offers a transformative opportunity for value-add repositioning. By activating the water-facing elevation with a deck overlooking downtown and Codorus Creek, investors could create a destination experience—whether it’s utilized as a high-end restaurant space, creative loft offices, or boutique residential units. This potential to blend modern amenities with York’s historic riverfront charm opens multiple avenues for revenue growth and tenant diversification. With strong near-term cash flow, flexibility for adaptive reuse, and endless creative possibilities, this property stands as one of Downtown York’s most dynamic investment opportunities—perfectly balancing stability, character, and growth potential in a thriving urban setting.

Investment Highlights

  • Significant Value-Add Potential Including Second-Floor Repositioning with Waterfront Deck and Adaptive Reuse Opportunities
  • A ±18,695 SF Historic Mixed-Use Office Building Located in Downtown York Along Codorus Creek and the Heritage Trail
  • In-Place Income From Established Tenants with Near-Term Lease-Up Opportunity to Achieve Stabilization
  • Unique Creative Office Environment Featuring Industrial Finishes, Art Gallery Installations, and Collaborative Workspace Design
  • Located Within an Opportunity Zone Offering Potential Tax Advantages and Long-Term Investment Benefits

Exclusively Listed By

Office

227 W. Market St | Tremendous Upside | Waterside Downtown | Conversion 2nd Floor Potential

Listing Price: $795,000

Cap Rate
9.04%
Gross SF
18,695
Rentable SF
15,516
Price/Gross SF
$42.52
Lot Size
0.44 acres
Year Built
1920

Investment Highlights

  • Significant Value-Add Potential Including Second-Floor Repositioning with Waterfront Deck and Adaptive Reuse Opportunities
  • A ±18,695 SF Historic Mixed-Use Office Building Located in Downtown York Along Codorus Creek and the Heritage Trail
  • In-Place Income From Established Tenants with Near-Term Lease-Up Opportunity to Achieve Stabilization
  • Unique Creative Office Environment Featuring Industrial Finishes, Art Gallery Installations, and Collaborative Workspace Design
  • Located Within an Opportunity Zone Offering Potential Tax Advantages and Long-Term Investment Benefits

Investment Overview

Located in the heart of Downtown York along the scenic Codorus Creek and the Heritage Trail, this 18,695-square-foot, mixed-use office property offers a rare combination of historic character, in-place income, and compelling repositioning potential. Originally constructed in 1920 and thoughtfully renovated by current ownership, the masonry building showcases exposed industrial finishes, rotating art gallery installations, and a creative shared workspace that fosters a collaborative, inspiring environment for professional, mission-driven, and cultural tenants alike. The property sits just steps from York’s vibrant restaurants, bars, and retail shopping experiences, creating an ideal environment for both work and community engagement. With a Year 1 occupancy projected at approximately 92 percent, the property generates stable cash flow from three established tenants—Big Brothers Big Sisters (Suite 104), TNH Sober Living, LLC (Suite 103), and York Opioid Collaborative (Suite 101)—with additional suites providing near-term leasing opportunities to achieve more upside. This current scenario offers both strong income continuity and immediate upside for investors or owner-users. The site features approximately 20 dedicated parking spaces, plus 12 additional optional spaces that can help reduce expenses or accommodate future development needs, an exceptional convenience in a downtown environment. Strategically positioned on a 0.44-acre lot within a designated Opportunity Zone, the property also carries significant long-term tax advantages for investors seeking both financial and community impact. The building’s freight-capable elevator, robust infrastructure, and prime waterfront exposure further enhance its adaptability across a variety of uses. Repositioning and Upside Potential The second floor offers a transformative opportunity for value-add repositioning. By activating the water-facing elevation with a deck overlooking downtown and Codorus Creek, investors could create a destination experience—whether it’s utilized as a high-end restaurant space, creative loft offices, or boutique residential units. This potential to blend modern amenities with York’s historic riverfront charm opens multiple avenues for revenue growth and tenant diversification. With strong near-term cash flow, flexibility for adaptive reuse, and endless creative possibilities, this property stands as one of Downtown York’s most dynamic investment opportunities—perfectly balancing stability, character, and growth potential in a thriving urban setting.

Exclusively Listed By

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