Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    225 Columbia Mall Dr Bloomsburg, PA 17815

    Sponsored
    For Sale
    $2,724,296

    16,241 SF Retail Condo, 7.75% Cap Rate

    Property size:
    16,241 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This investment-grade property presents a compelling opportunity. A 16,241 square foot storefront in Bloomsburg, Pennsylvania, is available for purchase. The property is a Class B retail condo currently 100% occupied by Michaels Stores under a new 10-year net lease (NNN) expiring July 30, 2033, with a corporate guarantee. The lease includes 10% rent bumps every five years and four to five lease options. The asking price is $2,724,296, representing a 7.75% capitalization rate and a price per square foot of $167.74. The Net Operating Income (NOI) is $211,133. The condo underwent a complete renovation in 2024, including a new roof, HVAC system, plumbing, electrical work, and parking lot. The Columbia Mall, where this property is located (225 Columbia Mall Dr unit a, Bloomsburg, PA 17815), is undergoing a transformation into an open-air lifestyle center, experiencing high traffic with 46,000 cars passing daily. The property benefits from its proximity to Bloomsburg University, a significant population center. The occupancy date is July 1, 2024. This is a strong, stable investment with a long-term tenant and significant upside potential due to the ongoing mall redevelopment.

    Property Features for 225 Columbia Mall Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    16,241 SF
    Class
    B

    Building Details

    Year Renovated
    2024

    HighLights

    • Corporate guarantee from Michaels Stores, Inc.
    • New 10‑year net lease; tenant pays CAM, taxes, and insurance (NNN).
    • Completely renovated condo with new roof, HVAC, plumbing, electrical, and parking lot.
    • Mall redevelopment into an open‑air lifestyle center; 46,000 daily vehicle count.
    Property Profile Location Intelligence

    Current Use by Public Records

    Planet Fitness Spa Dr. Joseph Serniak Optometrist MVP Clubhouse Batting Cage Center M&T Bank ATM Atm Bloomsburg School of Dance Dance School

    Suggested Use

    Realty agency Restaurant Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomsburg
    County
    Columbia
    State
    Pennsylvania
    Longitude
    -76.4859437
    Latitude
    41.0180055

    Nearby Similar for Sale

    • $299,500
      2,400 SF

      Bloomsburg Duplex Near College Campus

      Two-unit duplex near Bloomsburg College, ideal investment opportunity.
      315 E 3Rd St, Bloomsburg, PA 17815
      View Details
    • $795,000
      6,500 SF

      Retail Building Near Bloomsburg University

      6,500 SF retail building with high visibility and parking.
      519 East St, Bloomsburg, PA 17815
      View Details
    • $1,524,409
      2,200 SF

      Freestanding Starbucks in Bloomsburg, PA

      Single tenant Starbucks with minimal landlord responsibilities in Bloomsburg, PA.
      275 Columbia Mall Dr, Bloomsburg, PA 17815
      View Details
    • $1,000,000
      6,060 SF

      Bloomsburg Commercial Garage - High Traffic

      Established Business, High-Profit Potential, Prime Location
      765 Boulevard Rd, Bloomsburg, PA 17815
      View Details
    • $1,900,000

      Bloomsburg Custom Home Builder Business

      Profitable, Established Homebuilding Company in Bloomsburg, PA
      123 Ln, Bloomsburg, PA 17815
      View Details
    • $329,000
      6,936 SF

      Bloomsburg Commercial Building - High Traffic!

      Prime Retail Space, High Visibility, Route 11.
      3491 Boulevard Rd, Bloomsburg, PA 17815
      View Details
    • $425,000
      5,281 SF

      Downtown Bloomsburg Commercial Gem

      Three-story building, prime location, strong rental income.
      St, Bloomsburg, PA 17815
      View Details
    • $599,900
      5,480 SF

      Bloomsburg Commercial Building - High Visibility

      Prime location, versatile space, high-traffic area.
      680 St, Bloomsburg, PA 17815
      View Details
    • $399,000
      9,489 SF

      Bloomsburg Commercial Building - Route 11

      Versatile Commercial Space, High Traffic Area
      St, Bloomsburg, PA 17815
      View Details
    • $1,500,000
      258,419 SF

      Bloomsburg Landmark Commercial Property

      Massive space, endless potential, prime location.
      480 5Th St, Bloomsburg, PA 17815
      View Details
    • $2,458,320
      26,000 SF

      Bloomsburg Ollie's Retail Condo

      High-return, Net Lease Storefront in PA
      225 Columbia Mall Dr, Bloomsburg, PA 17815
      View Details
    • $4,200,000
      23,678 SF

      Bloomsburg Retail Center Investment

      High-yield, multi-tenant retail center.
      11001 Scott Town Ctr, Bloomsburg, PA 17815
      View Details

    FAQs

    What type of property is this?
    Individual retail property - 16,241 SF Retail Condo, 7.75% Cap Rate
    Where is this individual retail property located?
    The property is located at 225 Columbia Mall Dr Bloomsburg, PA.
    What is the asking price?
    The asking price for this property is $2,724,296.
    What are key features of this property?
    This property features: Corporate guarantee from Michaels Stores, Inc.; New 10-year net lease; tenant pays CAM, taxes, and insurance (NNN).; Completely renovated condo with new roof, HVAC, plumbing, electrical, and parking lot.
    Request Owner's contact information
    225 Columbia Mall Dr Bloomsburg, PA 17815
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    225 Columbia Mall Dr
    Bloomsburg, PA 17815
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    225 Columbia Mall Dr Bloomsburg, PA 17815
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.