Mixed-Use Property in Downtown
For Sale
Contact for pricing
20-22 S 3rd St, Columbia, PA
Versatile investment opportunity with retail and residential units in Pennsylvania.
Property Size4,280 SF
Lot Size0.10 Acres
Price / SF$122.66
Days on Market421
Property Features for 20-22 S 3rd St
General Information
Standard status
Active
Size
4,280 SF
Lot size
0.10 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 20-22 S 3rd St
20 - 24S 3rd St
AVAILABLE, Now
Floor
Bldg
Size
4,280 SF
Type
RETAIL
Lease Type
NNN
Sublease
No
- Located in the heart of downtown Columbia, PA, this versatile property presents an excellent opportunity for investors and entrepreneurs alike. The property is comprised of one retail commercial unit and three residential apartments, offering a mix of income potential. The commercial space is owner occupied and operated as a cigar lounge. The business is also available for sale through a separate listing. Learn more about this prime, downtown investment opportunity by contact the listing agents today.
Contact us
Listing Agency:
Bennett Williams Commercial - Lancaster
(717) 843-5555
Listed By:
Tom Troccoli · License #RS167691L
Source:
Moodyscre
Added: Aug 22, 2025
Changed: Oct 16
Last Checked: Oct 16 at 10:58AM
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 Bennett Williams Commercial - Lancaster
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Investment Insights
Based on property information with market context.
Located in downtown Columbia, Pennsylvania, this mixed-use property offers a combination of commercial and residential spaces. The property includes one retail commercial unit and three residential apartments. The commercial space is currently owner-occupied and operated as a cigar lounge. The property provides income potential for investors and entrepreneurs. The total property size is 4,280 square feet.
Key Highlights
- Prime downtown Columbia, PA location
- Mix of income potential from commercial and residential units
- Includes one retail commercial unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,160
Cap Rate
8.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,200
$843.2K
Cap Rate 7%
$602,286
$602.3K
Cap Rate 9%
$468,444
$468.4K
Market Conditions
NOI Build-Up for 4,280 SF
Gross rent
$77.0K $18.00/SF
− Vacancy
−$385 −$0.09/SF
EGI
$76.7K $17.91/SF
− OpEx
−$34.5K −$8.06/SF
NOI
$42.2K $9.85/SF
Area
Lancaster County, PA
Vacancy
0.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,200
Cap Rate 7%
$602,286
Cap Rate 9%
$468,444
Alternative Uses
Best Use
Mixed Use
$759.4K
$664.5K – $886.0K
NOI $53,158 @ 7.0% cap · market cap 10.13%
Second Best
Retail
$719.6K
$629.6K – $839.5K
NOI $50,369 @ 7.0% cap · market cap 9.59%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,398 @ 7.0% cap · market cap 19.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile investment opportunity with retail and residential units in Pennsylvania.
Where is this mixed-use property located?
The property is located at 20-22 S 3rd St Columbia, PA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Prime downtown Columbia, PA location; Mix of income potential from commercial and residential units; Includes one retail commercial unit
