Three-Parcel Mixed-Use
For Sale
Under Contract
$1,650,000
1935 COLUMBIA Avenue, Lancaster, PA 17603
Commercial Sale, LANCASTER, PA
Property Size6,430 SF
Lot Size1.10 Acres
Price / SF$256.61
Days on Market137
Property Features for 1935 COLUMBIA Avenue
General Information
Property type
Other
Property subtype
Retail
Parking
26
Parking features
Parking Lot
Elementary school district
HEMPFIELD
Middle school district
HEMPFIELD
High school district
HEMPFIELD
Standard status
Active Under Contract
Lot size
1.10 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
Changed: Oct 21
Last Checked: Oct 24 at 4:06PM
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.
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Investment Insights
Based on property information with market context.
This mixed-use offering comprises three connected parcels: a 4,454-square-foot retail/mixed-use building at 1935 Columbia Avenue, a 1,976-square-foot commercial building at 9 Eisenhower Boulevard, and a parking lot on Wilson Avenue. The existing buildings date to 1973, and short-term tenants are in place. Combined frontage is approximately 154 feet along Columbia Avenue in East Hempfield Township.
All three parcels carry CBC (Community Business Center) zoning, which supports retail, restaurant, office, mixed-use, and redevelopment scenarios. The properties are available together as a package or as individual parcels.
All three parcels carry CBC (Community Business Center) zoning, which supports retail, restaurant, office, mixed-use, and redevelopment scenarios. The properties are available together as a package or as individual parcels.
Key Highlights
- Three contiguous parcels offered as an assemblage or individually
- 4,454‑square‑foot retail/mixed‑use building at 1935 Columbia Avenue
- 1,976‑square‑foot commercial building at 9 Eisenhower Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,861
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,597,220
$1.6M
Cap Rate 7%
$1,140,871
$1.1M
Cap Rate 9%
$887,344
$887.3K
Market Conditions
NOI Build-Up for 6,430 SF
Gross rent
$138.9K $21.60/SF
− Vacancy
−$11.1K −$1.73/SF
EGI
$127.8K $19.87/SF
− OpEx
−$47.9K −$7.45/SF
NOI
$79.9K $12.42/SF
Area
Lancaster County, PA
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,597,220
Cap Rate 7%
$1,140,871
Cap Rate 9%
$887,344
Alternative Uses
Best Use
Mixed Use
$1.14M
$998.3K – $1.33M
NOI $79,861 @ 7.0% cap · market cap 4.84%
Second Best
Retail
$1.08M
$945.9K – $1.26M
NOI $75,671 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$2.15M
$1.89M – $2.51M
NOI $150,831 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
952
Businesses Nearby
302k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Dining 28%
Groceries 18%
Home Improvements & Furnishings 17%
Lowe's
Home Improvements & Furnishings
46,747 visits/mo
0.2 miles
Aldi
Groceries
32,313 visits/mo
0.5 miles
Dollar Tree
Shops & Services
27,301 visits/mo
0.3 miles
Royal Farms
Shops & Services
26,764 visits/mo
0.5 miles
McDonald's
Dining
19,087 visits/mo
0.4 miles
Demographics for 17603, PA
66,739
Population
28,142
Households
2.4
Avg Household Size
37
Median Age
37%
College-Educated
90%
High-School Grad
30.0 sq mi
ZIP Area
2,225
Density / Sq Mi
$77,156
Median Household Income
$40,043
Median Earnings
$1,265
Median Rent
$244,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The offering pairs two existing commercial buildings with a separate parking parcel along Columbia Avenue.
Where is this mixed-use property located?
The property is located at 1935 COLUMBIA Avenue Lancaster, PA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Three contiguous parcels offered as an assemblage or individually; 4,454‑square‑foot retail/mixed‑use building at 1935 Columbia Avenue; 1,976‑square‑foot commercial building at 9 Eisenhower Boulevard
