Mixed-Use Property in Downtown
For Sale
Contact for pricing
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 Market413
Property Features for 22 S 3rd St
General Information
Standard status
Active
Size
4,280 SF
Lot size
0.10 Acres
Property subtype
RETAIL
Listing Agency:
Bennett Williams Commercial - Lancaster
(717) 843-5555
Listed By:
Tom Troccoli · License #RS167691L
Source:
Moodyscre
Added: Aug 22, 2025
Changed: Jul 6
Last Checked: Oct 7 at 3:44PM
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
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.
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
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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 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
