Historic Building Awaiting
For Sale
$550,000
28 North 2nd Street, Columbia, PA 17512
Circa 1900 building ideal for adaptive reuse project.
Property Size5,000 SF
Price / SF$110
Days on Market317
Property Features for 28 North 2nd Street
General Information
Standard status
Active
Size
5,000 SF
Class
C
Property subtype
Office
Building Details
Building Size
5,000 SF
Year Built
1900
Listing Agency:
High Associates Ltd.
Listed By:
Althea Ramsay Carrigan · License #RS211857L
(717) 669-8861
Source:
Highassociates
Added: Nov 25, 2025
Changed: Oct 1
Last Checked: Oct 7 at 9:10AM
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.
Investment Insights
Based on property information with market context.
This circa 1900 former Vigilant Fire Company building, once an Amvets Social Club, presents an ideal adaptive reuse project. The property is awaiting the right creative use and is suitable for entertainment, retail, and hospitality purposes, allowing one to enjoy the revitalization while appreciating the history. The building offers great river views from the upper floors. Located next to the new Hampton by Hilton Chip Factory Hotel, which is currently under construction, this historic building requires total renovation and is not able to be occupied as-is. A courtyard area and greenspace are present, potentially allowing for expansion to include modern services such as an elevator and ADA restrooms. The bulk of the building is not currently ADA compatible. The property is located on North 2nd Street in Columbia, PA, in the middle of the block, accessible by taking Locust Street west toward the river.
Key Highlights
- Historic circa 1900 former Vigilant Fire Company building.
- Ideal adaptive reuse project for entertainment, retail, or hospitality.
- Great river views from upper floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,475
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,500
$769.5K
Cap Rate 7%
$549,643
$549.6K
Cap Rate 9%
$427,500
$427.5K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$90.0K $18.00/SF
− Vacancy
−$9.0K −$1.80/SF
EGI
$81.0K $16.20/SF
− OpEx
−$42.5K −$8.51/SF
NOI
$38.5K $7.69/SF
Area
Lancaster County, PA
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$769,500
Cap Rate 7%
$549,643
Cap Rate 9%
$427,500
Alternative Uses
Best Use
Retail
$840.6K
$735.5K – $980.7K
NOI $58,842 @ 7.0% cap · market cap 10.70%
Second Best
Hotel Hospitality
$549.6K
$480.9K – $641.3K
NOI $38,475 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$1.68M
$1.47M – $1.95M
NOI $117,287 @ 7.0% cap · market cap 21.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
38k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 36%
Turkey Hill Minit Market
Shops & Services
15,420 visits/mo
0.4 miles
Burger King
Dining
12,492 visits/mo
0.4 miles
Turkey Hill Minit Market
Shops & Services
6,653 visits/mo
0.1 miles
Truist
Shops & Services
1,975 visits/mo
0.2 miles
Domino's Pizza
Dining
1,223 visits/mo
0.1 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
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Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Flowers by Us — 449 Locust St, Columbia, PA 17512
- Branch and Blossom Farm — S 6th St, Columbia, PA 17512
Frequently Asked Questions
What type of property is this?
Storefront property - Circa 1900 building ideal for adaptive reuse project.
Where is this storefront property located?
The property is located at 28 North 2nd Street Columbia, PA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Historic circa 1900 former Vigilant Fire Company building.; Ideal adaptive reuse project for entertainment, retail, or hospitality.; Great river views from upper floors.
