Drive-Through Restaurant & Mixed-Use
1935 COLUMBIA Avenue Lancaster, PA 17603
For Sale
$795,000
Commercial Sale - LANCASTER, PA
Property Size4,454 SF
Lot Size0.42 Acres
Price / SF$178.49
Days on Market48
Property Features for 1935 COLUMBIA Avenue
General Information
- Property type
- Other
- Property subtype
- Retail
- Parking
- 26
- Parking features
- Parking Lot
- Standard status
- Active
- Lot size
- 0.42 Acres
Taxes and HOA fees
- Tax Annual Amount
- 14651
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1973
- Building materials
- Brick
Listing Agency:
Bennett Williams Realty, Inc.
(717) 843-5555
Listed By:
Joshua Miller · License #RS365967
(717) 383-6647
Added: Jun 10
Last Checked: Jul 27 at 4:06AM
MLS# PALA2089938
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story, approximately 4,454 SF commercial building includes a drive-thru setup and functional space designed for quick-service restaurant operations on the ground floor. The upper level contains two residential apartments, creating a mixed-use configuration under one roof. The property was originally constructed in 1973 and renovated in 1984, and it is positioned as a solid, versatile option for an owner-occupant or operator.
The building sits on approximately 0.42 acres along Columbia Avenue in East Hempfield Township, Lancaster County. The property is also described as part of a larger availability that includes adjacent parcels: a +/- 0.30-acre commercial building at 9 Eisenhower Blvd and a +/- 0.41-acre parking lot on Wilson Avenue. Together, these options allow for different land area configurations depending on whether the additional parcels are acquired.
Zoning is identified as CBC, which supports a broad range of retail, restaurant, and commercial uses. That flexibility can be useful for buyers looking to occupy the ground-floor restaurant component while retaining residential income above, or for owners evaluating a reconfiguration of the commercial space within the mixed-use structure.
The building sits on approximately 0.42 acres along Columbia Avenue in East Hempfield Township, Lancaster County. The property is also described as part of a larger availability that includes adjacent parcels: a +/- 0.30-acre commercial building at 9 Eisenhower Blvd and a +/- 0.41-acre parking lot on Wilson Avenue. Together, these options allow for different land area configurations depending on whether the additional parcels are acquired.
Zoning is identified as CBC, which supports a broad range of retail, restaurant, and commercial uses. That flexibility can be useful for buyers looking to occupy the ground-floor restaurant component while retaining residential income above, or for owners evaluating a reconfiguration of the commercial space within the mixed-use structure.
Key Highlights
- 4,454 SF two‑story commercial building on +/- 0.42 acres along Columbia Ave in East Hempfield Township
- Ground floor configured for quick‑service/drive‑thru restaurant operations
- Upper level includes two residential apartments
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.2k | $16.20 |
| − Vacancy | −$1.1k | −$0.24 |
| EGI | $71.1k | $15.96 |
| − OpEx | −$21.3k | −$4.79 |
| NOI | $49.8k | $11.17 |
4,454 SF · lease $16.20/SF/yr · vacancy 1.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.16M
$1.02M – $1.35M
NOI $81,246 @ 7.0% cap · market cap 10.22%
Second Best
Multifamily LT 5
$710.7K
$621.9K – $829.2K
NOI $49,751 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.49M
$1.31M – $1.74M
NOI $104,479 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dairy Queen
Grocery & Convenience Store
FAQs
What type of property is this?
Drive through restaurant - Two-story building with drive-thru restaurant space and two residential apartments, supported by CBC zoning in East Hempfield Township.
Where is this drive through restaurant located?
The property is located at 1935 COLUMBIA Avenue Lancaster, PA.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 4,454 SF two‑story commercial building on +/- 0.42 acres along Columbia Ave in East Hempfield Township; Ground floor configured for quick‑service/drive‑thru restaurant operations; Upper level includes two residential apartments
