Mixed-Use Property with Auto
3525 COLUMBIA AVENUE, Lancaster, PA 17603
For Sale
$1,595,000
A residence sits in front of an air-conditioned garage equipped for vehicle service.
Property Size4,890 SF
Price / SF$326.18
Days on Market49
Property Features for 3525 COLUMBIA AVENUE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Service Bays
Amenities
air conditioning
drive-in doors
Building Details
Year Built
Buildings
Abandoned
Listing Agency:
U.S. Commercial Realty
(717) 735-6000
Listed By:
Matthew M Czaus · License #RS331302
(717) 575-7279
Source:
Cummingsrealtors
Added: Sep 21
Changed: Nov 6
Last Checked: Nov 6 at 9:43AM
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 U.S. Commercial Realty
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Investment Insights
Based on property information with market context.
This 4,890 SF mixed-use property combines a residential home with an air-conditioned garage. The garage accommodates 5–6 vehicles indoors and has four vehicle lifts and two large drive-in doors. An approximately 11,000 SF parking lot is located behind the garage.
The inventory inside the garage may be included in a sale by negotiation.
The inventory inside the garage may be included in a sale by negotiation.
Key Highlights
- 4,890 SF mixed‑use property with a residence and garage
- Air‑conditioned garage with room for 5‑6 vehicles indoors
- Four vehicle lifts and two large drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,958
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,619,160
$1.6M
Cap Rate 7%
$1,156,543
$1.2M
Cap Rate 9%
$899,533
$899.5K
Market Conditions
NOI Build-Up for 4,890 SF
Gross rent
$125.6K $25.68/SF
− Vacancy
−$17.6K −$3.61/SF
EGI
$107.9K $22.07/SF
− OpEx
−$27.0K −$5.52/SF
NOI
$81.0K $16.56/SF
Area
Lancaster County, PA
Vacancy
14.04%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,619,160
Cap Rate 7%
$1,156,543
Cap Rate 9%
$899,533
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $80,958 @ 7.0% cap · market cap 5.08%
Second Best
Mixed Use
$867.6K
$759.2K – $1.01M
NOI $60,734 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,707 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
4
Service bays
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
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Business Placement
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
$244,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Lancaster, PA
Properties on Market for Mixed-use properties in Lancaster
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A residence sits in front of an air-conditioned garage equipped for vehicle service.
Where is this mixed-use property located?
The property is located at 3525 COLUMBIA AVENUE Lancaster, PA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 4,890 SF mixed‑use property with a residence and garage; Air‑conditioned garage with room for 5‑6 vehicles indoors; Four vehicle lifts and two large drive‑in doors
