New Construction Mixed-Use Investment
For Sale
Contact for pricing
2309 Columbia Ave, Lancaster, PA
8-unit mixed-use property with restaurant and liquor license for sale.
Property Size8,000 SF
Lot Size0.73 Acres
Price / SF$218.75
Days on Market594
Property Features for 2309 Columbia Ave
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.73 Acres
Property subtype
RETAIL
Listing Agency:
Capital Commercial Real Estate Group
(610) 359-9700
Listed By:
Alexander Topalidis · License #374766
(484) 473-5358
Source:
Moodyscre
Added: Mar 19, 2025
Changed: Oct 25
Last Checked: Nov 1 at 8:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capital Commercial Real Estate Group
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Investment Insights
Based on property information with market context.
This mixed-use investment property is new construction, situated in a rapidly developing county. The property features approximately 8,000 square feet and includes 8 units, a restaurant, and a liquor license. It benefits from high visibility on Columbia Avenue and Running Pump Road, with a combined average daily traffic count of approximately 18,157 vehicles. The location is zoned CBC. Demographics within a 5-mile radius include an estimated population of 170,000 and an average household income of approximately $91,787. Neighboring businesses include Lowes, Urgent Care, a dental office, Lidl, GIANT, Turkey Hill, Dairy Queen, Dunkin' Donuts, McDonald's, Fulton Bank, and numerous other restaurants.
Key Highlights
- New construction mixed‑use investment property with restaurant and liquor license.
- High visibility location on Columbia Ave. and Running Pump Rd. with +\/- 18,157 combined ADT.
- Eight units plus a restaurant, providing diverse income streams.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,928
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,918,560
$2.9M
Cap Rate 7%
$2,084,686
$2.1M
Cap Rate 9%
$1,621,422
$1.6M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$208.3K $26.04/SF
− Vacancy
−$13.7K −$1.72/SF
EGI
$194.6K $24.32/SF
− OpEx
−$48.6K −$6.08/SF
NOI
$145.9K $18.24/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,918,560
Cap Rate 7%
$2,084,686
Cap Rate 9%
$1,621,422
Alternative Uses
Best Use
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,928 @ 7.0% cap · market cap 8.34%
Second Best
Mixed Use
$1.42M
$1.24M – $1.66M
NOI $99,360 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,659 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
266k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 30%
Dining 28%
Home Improvements & Furnishings 19%
Groceries 18%
Lowe's
Home Improvements & Furnishings
46,747 visits/mo
0.3 miles
Aldi
Groceries
32,313 visits/mo
0.3 miles
Dollar Tree
Shops & Services
27,301 visits/mo
0.4 miles
Royal Farms
Shops & Services
26,764 visits/mo
0.4 miles
Lidl
Groceries
14,762 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Firehouse Subs Lime Spring Square — 120 Rohrerstown Rd #8A, Lancaster, PA 17603
Frequently Asked Questions
What type of property is this?
Restaurant - 8-unit mixed-use property with restaurant and liquor license for sale.
Where is this restaurant located?
The property is located at 2309 Columbia Ave Lancaster, PA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: New construction mixed‑use investment property with restaurant and liquor license.; High visibility location on Columbia Ave. and Running Pump Rd. with +\/- 18,157 combined ADT.; Eight units plus a restaurant, providing diverse income streams.
