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    1655 Columbia Ave Lancaster, PA 17603

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    For Sale
    $2,800,000

    NNN leased Mavis auto shop in Lancaster, Pennsylvania.

    Property size:
    6,168 SF
    Lot size:
    0.61 Acres

    Property Features for 1655 Columbia Ave

    General Information

    Size
    6,168 SF
    Lot size
    0.61 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

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

    Overview

    Lancaster Mavis Auto Shop For Sale

    The property at 1655 Columbia Ave in Lancaster, PA, is a Mavis auto shop. It features approximately 2,548 rentable square feet of building space on an estimated 0.57-acre parcel of land. The property is subject to a 15-year lease that commenced on March 13, 2023. The current annual rent is $175,000, with scheduled rent increases of 10% every 5 years throughout the base term and in each of the two 5-year and one 4-year 11-month renewal options. The property size is 6,168 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mavis Discount Tire Tire Shop COMING SOON: Mavis ... Tire Shop

    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

    PRB Tires, Auto Paint Revolution, ALEM EMERGENCY ROADSIDE ASSISTANCE SERVICE LLC, Midas, K&W Tire

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.350754
    Latitude
    40.038254

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    FAQs

    What type of property is this?
    Auto shop - NNN leased Mavis auto shop in Lancaster, Pennsylvania.
    Where is this auto shop located?
    The property is located at 1655 Columbia Ave Lancaster, PA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: - 15-year lease commenced on March 13, 2023; - Annual rent is $175,000; - Rent increases by 10% every 5 years
    (332) 345-2408
    Request Owner's contact information
    1655 Columbia Ave Lancaster, PA 17603
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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
    1655 Columbia Ave Lancaster, PA 17603
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