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    225 Columbia Mall Dr Bloomsburg, PA 17815

    Sponsored
    For Sale
    $2,458,320

    High-return, Net Lease Storefront in PA

    Property size:
    26,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 26,000 square foot Ollie's retail storefront located at 225 Columbia Mall Dr, Bloomsburg, PA 17815. The property boasts a strong 7.50% cap rate and a Net Lease structure with a corporate guarantee from Ollie's (NASDAQ: OLLI), a company with a $5.79B market cap. A new 8-year lease commenced in September 2024, offering significant remaining lease term and providing a stable income stream. The lease includes options for renewal, with rent increases built in. The asking price is $2,458,320, translating to a price per square foot of $94.55 – substantially below replacement cost estimated at over $200 per square foot. The property underwent a complete renovation in 2024, including a new roof, HVAC systems, plumbing, electrical upgrades, and parking lot improvements. The Columbia Mall is undergoing a transformation into an open-air lifestyle center, with a new Geisinger Health Systems hospital campus under development nearby, creating a synergistic environment for increased foot traffic and potential for future growth. This prime location benefits from high daily traffic volume, estimated at 46,000 cars. The 100% occupancy ensures immediate cash flow, making this a compelling investment with significant upside potential.

    Property Features for 225 Columbia Mall Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    26,000 SF

    Building Details

    Year Renovated
    2024

    HighLights

    • Corporate guarantee from Ollie's (NASDAQ: OLLI), a $5.79B market cap company.
    • $9/SF base rent with $0.35/SF rent increases in option periods.
    • Recently renovated with new roof, HVAC, plumbing, electrical, and parking lot.
    • Columbia Mall is converting to an open‑air lifestyle center.
    • High traffic count of 46,000 cars per day.
    • Priced at $94.55/SF, significantly below replacement cost of over $200/SF.
    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

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    FAQs

    What type of property is this?
    Individual retail property - High-return, Net Lease Storefront in PA
    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 $2,458,320.
    What are key features of this property?
    This property features: Corporate guarantee from Ollie's (NASDAQ: OLLI), a $5.79B market cap company.; $9/SF base rent with $0.35/SF rent increases in option periods.; Recently renovated with new roof, HVAC, plumbing, electrical, and parking lot.
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    225 Columbia Mall Dr Bloomsburg, PA 17815
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    Bloomsburg, PA 17815
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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
    225 Columbia Mall Dr Bloomsburg, PA 17815
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