Retail Building with
For Sale
$900,000
401 Linden Street, Columbia, PA 17512
Solid masonry retail storefront with an active antique shop, plus two upper apartments and a full basement.
Property Size4,725 SF
Lot Size0.30 Acres
Price / SF$190.48
Days on Market173
Property Features for 401 Linden Street
General Information
Standard status
Active
Size
4,725 SF
Lot size
0.30 Acres
Property subtype
Commercial
Lease Term
[]
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1969
Listing Agency:
High Associates Ltd.
(717) 850-8783
Listed By:
Althea Ramsay Carrigan · License #RS211857L
Source:
Deepcreeklake
Added: Feb 19
Changed: Aug 11
Last Checked: Aug 11 at 10:37AM
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.
The property is a solid masonry retail building with an active antique shop on the main level and two apartments above. A full basement is included, though its square footage is not calculated into the stated building size. The layout supports mixed-use occupancy, with storefront operations on the lower level and residential units overhead, along with additional lower-level space for storage or other uses consistent with tenant/operator needs.
The building sits on two combined parcels totaling 0.30+/- acres, providing private parking and access. It is located on US Route 30 as you enter Lancaster County from York, Pennsylvania, with visibility from US 30. The property is immediately beside the Turkey Hill Experience, and the retail site benefits from its established positioning along this corridor.
For buyers or operators looking for a multi-use configuration, this setup offers an income-and-operations blend by pairing an operating storefront with two upper apartments in a single, masonry structure. The antique store is actively operating, and tours are by appointment with an agent present. Please do not visit without an appointment unless shopping.
The building sits on two combined parcels totaling 0.30+/- acres, providing private parking and access. It is located on US Route 30 as you enter Lancaster County from York, Pennsylvania, with visibility from US 30. The property is immediately beside the Turkey Hill Experience, and the retail site benefits from its established positioning along this corridor.
For buyers or operators looking for a multi-use configuration, this setup offers an income-and-operations blend by pairing an operating storefront with two upper apartments in a single, masonry structure. The antique store is actively operating, and tours are by appointment with an agent present. Please do not visit without an appointment unless shopping.
Key Highlights
- 4,725 SF solid masonry retail building on US Route 30
- Active antique shop on the main level with two apartments above
- Two combined parcels totaling 0.30+/- acres with ample private parking and access
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
$55,606
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
6.18%
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%
$1,112,120
$1.1M
Cap Rate 7%
$794,371
$794.4K
Cap Rate 9%
$617,844
$617.8K
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
$85.1K $18.00/SF
− Vacancy
−$5.6K −$1.19/SF
EGI
$79.4K $16.81/SF
− OpEx
−$23.8K −$5.04/SF
NOI
$55.6K $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%
$1,112,120
Cap Rate 7%
$794,371
Cap Rate 9%
$617,844
Alternative Uses
Best Use
Retail
$794.4K
$695.1K – $926.8K
NOI $55,606 @ 7.0% cap · market cap 6.18%
Second Best
Multifamily LT 5
$754.0K
$659.7K – $879.6K
NOI $52,778 @ 7.0% cap · market cap 5.86%
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
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
Under-served
Demand for This Use
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Solid masonry retail storefront with an active antique shop, plus two upper apartments and a full basement.
Where is this storefront property located?
The property is located at 401 Linden Street 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: 4,725 SF solid masonry retail building on US Route 30; Active antique shop on the main level with two apartments above; Two combined parcels totaling 0.30+/- acres with ample private parking and access
