Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3017 Columbia Ave Lancaster, PA 17603

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $26,607

    Prime retail space with high visibility in established shopping center.

    Property Features for 3017 Columbia Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    2000

    We can help!

    Listing Contact
    Corinn Kirchner
    Corinn Kirchner
    Source: Exitrealty

    Listing Agency: PPM Real Estate, Inc. Listing Agent: Corinn Kirchner

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

    Learn more

    Overview

    Retail Space in Shopping Center

    Located in the well-established Western Corners Shopping Center, this +/- 2,333 sq. ft. retail space offers a sublease or possible assignment opportunity. The property benefits from prime visibility, with over 15,000 vehicles passing daily. Situated between two signaled intersections, Centerville Road and Industry Drive, the location provides easy accessibility for customers and clients, and is just minutes from Route 30. The existing lease runs through June 30, 2027, with the possibility of securing a longer term. The lease is NNN, with a monthly NNN fee of $627.97. The tenant is responsible for electric, gas, and water/sewer. The base rent schedule for the remainder of the term is as follows: from July 1, 2025, to June 30, 2026, the rent is $2,283.78 per month, and from July 1, 2026, to June 30, 2027, the rent is $2,352.29 per month. Please note that the address in the listing is not the exact address of the space, as this is intended to be treated as a confidential listing, and the business will remain open until a new tenant is secured. Showings must be booked in advance outside of business hours, and the existing tenant requests 30-45 days to vacate.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.388436
    Latitude
    40.041963

    Nearby Similar for Lease

    • $4,500 /Mo
      41,382 SF

      Spacious Commercial Space in STEVENS

      4,252 SF commercial space with excellent visibility and convenient access.
      20 S Reamstown Rd, Stevens, PA 17578
      View Details
    • $2,195 /Mo
      3,920 SF

      Victorian Mansion with Reception Room

      Grand Victorian with architectural details, suitable for various commercial uses.
      428 N Duke St, Lancaster, PA 17602
      View Details
    • $1,050 /Mo
      1,307 SF

      Lancaster City Commercial Space

      Multi-unit commercial building in Gallery Row, Lancaster City.
      104 W Chestnut St, Lancaster, PA 17603
      View Details
    • $1,675 /Mo

      Gallery Row Office/Studio Space

      Prime Lancaster City location suitable for office, studio, or boutique.
      146 N Prince St, Lancaster, PA 17603
      View Details
    • $123,750
      48,787 SF

      Lancaster Commercial Space For Lease

      Prime leasing opportunity in Lancaster's energetic redevelopment corridor.
      717-723 N Prince St, Lancaster, PA 17603
      View Details
    • $247,500
      48,787 SF

      Lancaster Commercial Space For Lease

      Prime leasing opportunity in Lancaster's energetic redevelopment corridor.
      717-723 N Prince St, Lancaster, PA 17603
      View Details
    • $123,750
      48,787 SF

      Lancaster Commercial Space For Lease

      Prime leasing opportunity in Lancaster's energetic redevelopment corridor.
      717-723 N Prince St, Lancaster, PA 17603
      View Details
    • $371,250
      48,787 SF

      Lancaster Commercial Space For Lease

      Prime leasing opportunity in Lancaster's energetic redevelopment corridor.
      717-723 N Prince St, Lancaster, PA 17603
      View Details
    • $247,500
      48,787 SF

      Lancaster Commercial Space For Lease

      Prime leasing opportunity in Lancaster's energetic redevelopment corridor.
      717-723 N Prince St, Lancaster, PA 17603
      View Details
    • $49,500
      48,787 SF

      Lancaster Commercial Space For Lease

      Prime leasing opportunity in Lancaster's energetic redevelopment corridor.
      717-723 N Prince St, Lancaster, PA 17603
      View Details
    • $123,750
      48,787 SF

      Lancaster Commercial Space For Lease

      Prime leasing opportunity in Lancaster's energetic redevelopment corridor.
      717-723 N Prince St, Lancaster, PA 17603
      View Details
    • $49,500
      48,787 SF

      Lancaster Commercial Space For Lease

      Prime leasing opportunity in Lancaster's energetic redevelopment corridor.
      717-723 N Prince St, Lancaster, PA 17603
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime retail space with high visibility in established shopping center.
    Where is this retail space located?
    The property is located at 3017 Columbia Ave Lancaster, PA.
    What is the lease rate?
    The lease rate is $26,607.
    What are key features of this property?
    This property features: - Prime visibility with high daily traffic count (over 15,000 vehicles).; - Located in the well-established Western Corners Shopping Center.; - Easy accessibility, minutes from Route 30 and between two signaled intersections.
    (814) 426-2124
    Request Owner's contact information
    3017 Columbia Ave Lancaster, PA 17603
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3017 Columbia Ave
    Lancaster, PA 17603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3017 Columbia Ave Lancaster, PA 17603
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Corinn Kirchner
    Corinn Kirchner
    Real Estate License ID: RM425642
    (814) 426-2124 (717) 394-3374
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!