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    20 3Rd St Columbia, PA 17512

    For Lease
    $18 SF/Yr

    Prime Retail & Residential Income

    Lot size:
    4,280 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Lancaster County investment opportunity is located in the heart of downtown Columbia, PA. The property consists of a single-tenant, 4,280 square foot retail space currently operating as a cigar lounge, which is available for sale separately. The building is classified as Class B and is situated in a High Density Residential zoning area. Adding to its income potential, the property also includes three residential apartments, offering a diverse revenue stream. The single-building property presents a unique blend of commercial and residential uses, making it an attractive proposition for investors seeking a mixed-use portfolio. The substantial size of the retail space allows for a variety of potential uses, catering to a range of businesses. Its central downtown location ensures high visibility and accessibility, benefiting from the foot traffic and activity of the surrounding area. The existing cigar lounge operation provides a proven income stream and a potential turnkey business acquisition opportunity. This property offers a compelling combination of established income and future development potential, making it an ideal investment for those seeking a strong return on investment in a vibrant and growing community. Serious inquiries are encouraged to explore this unique opportunity further. The property is zoned for High Density Residential use.

    Property Features for 20 3Rd St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,280 SF
    Class
    B

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    4,280 SF
    Rate per SF
    $18

    HighLights

    • Retail property totaling 4,280 square feet.
    • Single‑tenant occupancy.
    • 4,280 square feet of vacant retail space.
    • Class B building.
    • Located in Lancaster County.
    • High‑density residential zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.5020886
    Latitude
    40.0312112

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    FAQs

    What type of property is this?
    Retail property - Prime Retail & Residential Income
    Where is this retail property located?
    The property is located at 20 3Rd St Columbia, PA.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 4,280 square feet.; Single-tenant occupancy.; 4,280 square feet of vacant retail space.
    Request Owner's contact information
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    Columbia, PA 17512
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    20 3Rd St Columbia, PA 17512
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