1748 Columbia Ave Lancaster, PA 17603

This exceptional mixed-use property in Lancaster, Pennsylvania, presents a compelling investment opportunity. Located at 1748 Columbia Avenue, this two-story, 5,920 square foot building boasts a prime location with excellent visibility on Columbia Avenue in Mountville/Lancaster. The property features a blend of commercial and residential spaces, offering diverse income streams. The commercial area comprises approximately 3,700 square feet, divisible into two units: a 2,200 square foot storefront retail space facing Columbia Avenue and a 1,520 square foot rear space suitable for retail, garage, or warehouse use. These spaces are available for lease individually or together. In addition to the commercial spaces, the property includes two residential units; one is currently leased, and the other is undergoing renovations and will be occupied before closing, if desired. The building sits on a 0.2-acre lot and is classified as a Class B property. Built in 2024, the property has a 10% cap rate and is currently 50% occupied. The permitted zoning is General Commercial, making it suitable for a variety of uses. This multi-tenant property offers a strong return on investment with significant upside potential. The asking price is $749,000.