New Construction Mixed-Use Investment Property

2309 Columbia Ave, Lancaster, PA

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For Sale

Contact for pricing

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

Type:RETAIL

Property size:

8,000 SF

Lot size:

0.73 Acres

Price / SF:

$218/SF

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.
Located in a fast‑growing county with new development.
Strong demographics: population +\/-170,000 & AHI +\/- $91,787 within 5 miles.
Surrounded by established businesses including Lowes, Lidl, GIANT, and various restaurants.

We can help!

Listing Contact

Alexander Topalidis

For Sale

Contact for pricing

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

Type:RETAIL

Property size:

8,000 SF

Lot size:

0.73 Acres

Price / SF:

$218/SF

Added:: Mar 19, 2025
Days on Market:: 454
Last Refresh:: May 20 at 9:33 pm

Property Features for 2309 Columbia Ave

General Information

Standard status: Active
Size: 8,000 SF
Lot size: 0.73 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Alexander Topalidis

Listing agent Alexander Topalidis

Listing office Capital Commercial Real Estate Group

Listing date Mar 19, 2025

Source Moodyscre

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

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.
Located in a fast‑growing county with new development.
Strong demographics: population +\/-170,000 & AHI +\/- $91,787 within 5 miles.
Surrounded by established businesses including Lowes, Lidl, GIANT, and various restaurants.

Overview

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.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$208.3k	$26.04
− Vacancy	−$13.7k	−$1.72
EGI	$194.6k	$24.32
− OpEx	−$48.6k	−$6.08
NOI	$145.9k	$18.24

8,000 SF · lease $26.04/SF/yr · vacancy 6.60% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$2.08M

$1.82M – $2.43M (±1% cap)

NOI $145,928 @ 7.0% cap · market cap 8.34%

Second Best

Mixed Use

$1.42M

$1.24M – $1.66M (±1% cap)

NOI $99,360 @ 7.0% cap · market cap 5.68%

Theoretical Best

Office A

$2.68M

$2.35M – $3.13M (±1% cap)

NOI $187,659 @ 7.0% cap · market cap 10.72%

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

Property Profile Location Intelligence

Current Use by Public Records

ELIMAR'S Bar & Grill Restaurant

Suggested Use

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Location Insight

Map
Local Demand

City: Lancaster
County: Lancaster
State: Pennsylvania
Longitude: -76.3669
Latitude: 40.0403

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For sale
Restaurants
PA
Lancaster
2309 Columbia Ave

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.

2309 Columbia Ave, Lancaster, PA

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

Property Features for 2309 Columbia Ave

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Turnkey Restaurant/Retail Property in Lancaster

Freestanding Retail/Industrial Building

Four-Unit Residential Income Quadplex

Farmhouse with Barn and Apartment

Downtown Lancaster Mixed-Use Investment

Lancaster Brewery and Restaurant Opportunity

Charming Lancaster Townhouse with Garden

Freestanding Single-Story Commercial Building

Mixed-Use Investment Opportunity in Lancaster

Four-Unit Residential Income Property

Downtown Lancaster Mixed-Use Opportunity

Drive-Through Restaurant & Mixed-Use Building

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