First-Floor Retail
For Sale
Contact for pricing
161 LOCUST STREET, Columbia, PA 17512
Shell commercial premises include ramp access, a separate upper-level entrance, and dedicated mechanical basement storage.
Property Size5,580 SF
Price / SF$4.18
Days on Market54
Property Features for 161 LOCUST STREET
General Information
Standard status
Active
Size
5,580 SF
Property subtype
Commercial
Additional Details
Sprinkler System
Yes
Building Details
Year Built
1900
Year Renovated
2026
Listing Agency:
High Associates Ltd.
(717) 293-4477
Listed By:
Althea Ramsay Carrigan · License #RS211857L
(717) 669-8861
Source:
Cummingsrealtors
Added: Sep 9
Changed: Oct 31
Last Checked: Nov 1 at 4:38AM
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 High Associates Ltd.
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Investment Insights
Based on property information with market context.
The offering includes 1,800 SF of first-floor retail space configured as shell premises for tenant retrofit. An additional 1,800 SF is available on the second floor through a separate entrance. The first-floor area has exclusive use of a mechanical basement for storage, which is not included in the stated size. Sprinkler protection serves the space, and the property includes a ramp entrance.
Located at 161 Locust Street in Columbia, PA, the building is adjacent to the new Hampton by Hilton Chip Factory Hotel, scheduled to open in Fall of 2026. The exterior was recently renovated, with the ramp entrance and sprinkler improvements added in 2026.
Located at 161 Locust Street in Columbia, PA, the building is adjacent to the new Hampton by Hilton Chip Factory Hotel, scheduled to open in Fall of 2026. The exterior was recently renovated, with the ramp entrance and sprinkler improvements added in 2026.
Key Highlights
- 1,800 SF first‑floor retail space
- Additional 1,800 SF on the second floor with a separate entrance
- Exclusive use of mechanical basement storage, not included in the stated size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,668
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,360
$1.3M
Cap Rate 7%
$938,114
$938.1K
Cap Rate 9%
$729,644
$729.6K
Market Conditions
NOI Build-Up for 5,580 SF
Gross rent
$100.4K $18.00/SF
− Vacancy
−$6.6K −$1.19/SF
EGI
$93.8K $16.81/SF
− OpEx
−$28.1K −$5.04/SF
NOI
$65.7K $11.77/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,313,360
Cap Rate 7%
$938,114
Cap Rate 9%
$729,644
Alternative Uses
Best Use
Retail
$938.1K
$820.9K – $1.09M
NOI $65,668 @ 7.0% cap · market cap 281.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $130,892 @ 7.0% cap · market cap 561.53%
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
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Dining 12%
Turkey Hill Minit Market
Shops & Services
6,653 visits/mo
0.3 miles
Truist
Shops & Services
1,975 visits/mo
0.2 miles
Domino's Pizza
Dining
1,223 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
476 visits/mo
0.5 miles
Demographics for 17512, PA
18,267
Population
8,255
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
86%
High-School Grad
16.0 sq mi
ZIP Area
1,142
Density / Sq Mi
$61,130
Median Household Income
$42,702
Median Earnings
$1,067
Median Rent
$221,100
Median Home Value
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
Frequently Asked Questions
What type of property is this?
Retail space - Shell commercial premises include ramp access, a separate upper-level entrance, and dedicated mechanical basement storage.
Where is this retail space located?
The property is located at 161 LOCUST STREET Columbia, PA.
What are key features of this property?
This property features: 1,800 SF first‑floor retail space; Additional 1,800 SF on the second floor with a separate entrance; Exclusive use of mechanical basement storage, not included in the stated size
