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    2309 Columbia Ave Lancaster, PA 17603

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    For Sale
    $1,750,000

    8-unit mixed-use property with restaurant and liquor license for sale.

    Property size:
    8,000 SF
    Lot size:
    0.73 Acres

    Property Features for 2309 Columbia Ave

    General Information

    Size
    8,000 SF
    Lot size
    0.73 Acres

    Source: Capital Commercial Real Estate Group Agent Alexander Topalidis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Construction Mixed-Use Investment Property

    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.
    Location Intelligence

    Current Use by Public Records

    ELIMAR'S Bar & Grill Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Firehouse Subs Lime Spring Square

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.36693
    Latitude
    40.040333

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    FAQs

    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.
    (484) 473-5358
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    Lancaster, PA 17603
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2309 Columbia Ave Lancaster, PA 17603
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