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    3020 Columbia Ave Lancaster, PA 17603

    Sponsored
    For Sale
    $5,940,000

    39,610 SF Class A Office Building for Sale

    Property size:
    39,610 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office building, located at 3020 Columbia Ave in Lancaster, Pennsylvania, presents a compelling investment opportunity. The property boasts a substantial 39,610 square feet of space spread across four stories, situated on a generous 2.68-acre lot. Zoned for general commercial use, this building offers significant flexibility for a variety of businesses. Currently housing a master tenant, the property's lease allows for potential adjustments in occupancy, providing opportunities for future expansion or adaptation to suit a new owner's needs. The building features ample parking with 145 spaces available. The asking price is $5,940,000, translating to $149.96 per square foot. A projected net operating income (NOI) of $571,570 is anticipated for 2024. For qualified buyers, owner financing is available. This prime Lancaster location, with its substantial size and potential for customization, makes this a highly attractive investment prospect in a thriving commercial area. The property's existing infrastructure and ample parking provide immediate operational advantages. The flexibility offered by the master tenant's lease allows for a wide range of potential uses and future development. This is a rare opportunity to acquire a significant commercial property in a desirable location with strong projected returns.

    Property Features for 3020 Columbia Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    39,610 SF
    Class
    A
    Lot Size
    116,741 SF

    Building Details

    Stories
    4
    Property Profile Location Intelligence

    Current Use by Public Records

    RETTEW Environmental Consultant Agreeable Portable Toilet ... Portable Toilet Supplier Agreeable Portable Toilets ... Portable Toilet Supplier Enviroscan Engineer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.3878743
    Latitude
    40.0404613

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    FAQs

    What type of property is this?
    Office Property / Space - 39,610 SF Class A Office Building for Sale
    Where is this office property / space located?
    The property is located at 3020 Columbia Ave Lancaster, PA.
    What is the asking price?
    The asking price for this property is $5,940,000.
    Request Owner's contact information
    3020 Columbia Ave Lancaster, PA 17603
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    Lancaster, PA 17603
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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
    3020 Columbia Ave Lancaster, PA 17603
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