Former Bank Branch
For Sale
$500,000
325 Locust St, Columbia, PA 17512
Former bank branch building offers flexible space for office, professional services, retail, or creative use.
Property Size3,724 SF
Lot Size0.18 Acres
Price / SF$134.26
Days on Market46
Property Features for 325 Locust St
General Information
Standard status
Active
Size
3,724 SF
Lot size
0.18 Acres
Property subtype
Freestanding
Building Details
Building Size
3,724 SF
Listing Agency:
Bennett Williams Commercial - Lancaster
(717) 858-0066
Listed By:
Justin Willits · License #RS223285L
(717) 858-0066
Source:
Bennettwilliams
Added: Jul 15
Changed: Aug 8
Last Checked: Aug 29 at 5:46AM
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.
Former bank branch building totaling approximately 3,724 SF on a 0.18-acre parcel. The property features classical architecture and a grand columned entrance consistent with its original financial institution design.
Located in downtown Columbia Borough, the building is positioned for visibility along Locust Street and benefits from a walkable downtown setting with nearby businesses and amenities. The location provides convenient access between Lancaster and York counties.
The space is suitable for continued office use and also supports a range of alternative commercial concepts, including professional services, retail, creative workspace, or specialty commercial uses.
Located in downtown Columbia Borough, the building is positioned for visibility along Locust Street and benefits from a walkable downtown setting with nearby businesses and amenities. The location provides convenient access between Lancaster and York counties.
The space is suitable for continued office use and also supports a range of alternative commercial concepts, including professional services, retail, creative workspace, or specialty commercial uses.
Key Highlights
- Approximately 3,724 SF former bank branch building at 325 Locust Street in downtown Columbia, PA
- Sits on a 0.18‑acre parcel
- Commercial space suitable for office, professional services, retail, creative workspace, or specialty commercial concepts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,826
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,520
$876.5K
Cap Rate 7%
$626,086
$626.1K
Cap Rate 9%
$486,956
$487.0K
Market Conditions
NOI Build-Up for 3,724 SF
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.
Gross rent
$67.0K $18.00/SF
− Vacancy
−$4.4K −$1.19/SF
EGI
$62.6K $16.81/SF
− OpEx
−$18.8K −$5.04/SF
NOI
$43.8K $11.77/SF
Area
Lancaster County, PA
Vacancy
6.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$876,520
Cap Rate 7%
$626,086
Cap Rate 9%
$486,956
Alternative Uses
Best Use
Specialty Retail
$970.4K
$849.1K – $1.13M
NOI $67,930 @ 7.0% cap · market cap 13.59%
Second Best
Office B
$880.8K
$770.7K – $1.03M
NOI $61,654 @ 7.0% cap · market cap 12.33%
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,355 @ 7.0% cap · market cap 17.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
742
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former bank branch building offers flexible space for office, professional services, retail, or creative use.
Where is this bank located?
The property is located at 325 Locust St Columbia, PA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Approximately 3,724 SF former bank branch building at 325 Locust Street in downtown Columbia, PA; Sits on a 0.18‑acre parcel; Commercial space suitable for office, professional services, retail, creative workspace, or specialty commercial concepts
