Highway Commercial Property on US Route
For Sale
Contact for pricing
401 Linden St, Columbia, PA 17512
0.29 acres zoned Highway Commercial near Turkey Hill Experience.
Property Size4,725 SF
Lot Size0.29 Acres
Price / SF$190.48
Days on Market155
Property Features for 401 Linden St
General Information
Standard status
Active
Size
4,725 SF
Class
B
Lot size
0.29 Acres
Property subtype
Mixed Use, Retail, Special Purpose
Zoning
Highway Commercial
Occupancy
100%
Investment Type
Redevelopment
Building Details
Year Built
1976
Year Renovated
2022
Buildings
1
Stories
2
Units
10
Tenancy
Multi
Listing Agency:
High Real Estate Group
(717) 850-8783
Listed By:
Althea Ramsay Carrigan · License #CT RS211857L
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 2:52PM
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 Real Estate Group
Investment Insights
Based on property information with market context.
Located on US Route 30, this property comprises two parcels totaling 0.29 acres. Zoned Highway Commercial, it is situated at an offramp and adjacent to the Turkey Hill Experience attraction in Columbia, Pennsylvania. The property, with a size of 4725 square feet, is currently occupied by an antique store and was formerly Dietz’s Bar.
Key Highlights
- Prime location on US Route 30 at an offramp.
- Zoned Highway Commercial.
- Located next to the Turkey Hill Experience attraction.
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
$58,685
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
6.52%
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%
$1,173,700
$1.2M
Cap Rate 7%
$838,357
$838.4K
Cap Rate 9%
$652,056
$652.1K
Market Conditions
NOI Build-Up for 4,725 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
$102.1K $21.60/SF
− Vacancy
−$8.2K −$1.73/SF
EGI
$93.9K $19.87/SF
− OpEx
−$35.2K −$7.45/SF
NOI
$58.7K $12.42/SF
Area
Lancaster County, PA
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,173,700
Cap Rate 7%
$838,357
Cap Rate 9%
$652,056
Alternative Uses
Best Use
Mixed Use
$838.4K
$733.6K – $978.1K
NOI $58,685 @ 7.0% cap · market cap 6.52%
Second Best
Retail
$794.4K
$695.1K – $926.8K
NOI $55,606 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,836 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
38k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 36%
Turkey Hill Minit Market
Shops & Services
15,420 visits/mo
0.0 miles
Burger King
Dining
12,492 visits/mo
0.1 miles
Turkey Hill Minit Market
Shops & Services
6,653 visits/mo
0.3 miles
Truist
Shops & Services
1,975 visits/mo
0.5 miles
Domino's Pizza
Dining
1,223 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - 0.29 acres zoned Highway Commercial near Turkey Hill Experience.
Where is this mixed-use property located?
The property is located at 401 Linden St Columbia, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Prime location on US Route 30 at an offramp.; Zoned Highway Commercial.; Located next to the Turkey Hill Experience attraction.
