Retail Storefront with
843 Columbia Ave, Lancaster, PA 17603
For Sale
$700,000
Flexible commercial suites with on-site parking and R4 zoning along Columbia Avenue.
Property Size3,825 SF
Lot Size0.19 Acres
Price / SF$183.01
Days on Market48
Property Features for 843 Columbia Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Zoning
Additional Details
Traffic Count
Building Details
Year Built
Listing Agency:
RE/MAX SmartHub Realty
Listed By:
Jeremy Ganse · License #RS306553
(717) 208-0789
Source:
Lgagne
Added: Sep 21
Changed: Oct 26
Last Checked: Oct 7 at 3:19PM
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 RE/MAX SmartHub Realty
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Investment Insights
Based on property information with market context.
This retail storefront property at 843 Columbia Ave includes 3,825 square feet of building area on a 0.19-acre parcel. Built in 1940, the property offers suite configurations ranging from 675 to 2,795 square feet, supporting a range of retail, office, and service-oriented layouts subject to applicable approvals. The site includes 18 on-site parking spaces.
Positioned along Columbia Avenue, the property records traffic of 13,000+ vehicles per day. It is located within the R4 zoning district, with potential for office, retail, service, and other qualifying business uses, including possible corner-location commercial occupancy subject to zoning approval.
Positioned along Columbia Avenue, the property records traffic of 13,000+ vehicles per day. It is located within the R4 zoning district, with potential for office, retail, service, and other qualifying business uses, including possible corner-location commercial occupancy subject to zoning approval.
Key Highlights
- 3,825‑square‑foot retail storefront property built in 1940
- 0.19‑acre site with 18 on‑site parking spaces
- Suite options range from 675 to 2,795 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,014
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,280
$900.3K
Cap Rate 7%
$643,057
$643.1K
Cap Rate 9%
$500,156
$500.2K
Market Conditions
NOI Build-Up for 3,825 SF
Gross rent
$68.9K $18.00/SF
− Vacancy
−$4.5K −$1.19/SF
EGI
$64.3K $16.81/SF
− OpEx
−$19.3K −$5.04/SF
NOI
$45.0K $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 Rate 5%
$900,280
Cap Rate 7%
$643,057
Cap Rate 9%
$500,156
Alternative Uses
Best Use
Retail
$643.1K
$562.7K – $750.2K
NOI $45,014 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,725 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
13,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 29%
Sunoco
Shops & Services
6,554 visits/mo
0.2 miles
Turkey Hill Minit Market
Shops & Services
5,576 visits/mo
0.5 miles
Turkey Hill Minit Market
Shops & Services
5,351 visits/mo
0.1 miles
Krispy Krunchy Chicken
Dining
2,858 visits/mo
0.3 miles
Pizza Hut
Dining
2,646 visits/mo
0.4 miles
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
$244,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Lancaster, PA
Properties on Market for Storefront properties in Lancaster
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Little Brook Orchids — 25 Rider Ave, Lancaster, PA 17603
- Petals With Style — 117-A S West End Ave, Lancaster, PA 17603
Frequently Asked Questions
What type of property is this?
Storefront property - Flexible commercial suites with on-site parking and R4 zoning along Columbia Avenue.
Where is this storefront property located?
The property is located at 843 Columbia Ave Lancaster, PA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,825‑square‑foot retail storefront property built in 1940; 0.19‑acre site with 18 on‑site parking spaces; Suite options range from 675 to 2,795 square feet
