Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Property in Downtown Columbia Title is generated by Realmo AI

    20 S 3rd St, Columbia, PA 17512

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Versatile property with retail and residential units in Columbia, PA.

    Type:Multifamily
    Added:
    Oct 9, 2023
    Days on Market:
    961
    Last Refresh:
    May 12 at 8:58 pm

    Property Features for 20 S 3rd St

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Tom Troccoli
    Tom Troccoli

    Listing agent Tom Troccoli License #PA RS167691L

    Listing office Bennett Williams Commercial Lancaster

    Listing date Oct 9, 2023

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bennett Williams Commercial Lancaster

    HighLights

    • Prime downtown Columbia, PA location.
    • Mix of income potential from commercial and residential units.
    • Includes a commercial retail unit currently operating as a cigar lounge.
    • Two existing two‑bedroom residential units.
    • Opportunity for investors and entrepreneurs.
    • Vacant, unfinished 3rd‑floor unit offers additional potential.

    Overview

    Located in downtown Columbia, Pennsylvania, this mixed-use property offers investment potential. The property includes one commercial retail unit currently operated as a cigar lounge, two two-bedroom residential units, and a vacant, unfinished third-floor unit. The commercial business is also available for sale under a separate listing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbia
    County
    Lancaster
    State
    Pennsylvania
    Longitude
    -76.5021224
    Latitude
    40.03123

    Nearby Similar for Sale

    • $724,999

      Turnkey Mixed-Use Investment Opportunity

      Renovated mixed-use property with residential units and commercial space.
      431 LOCUST Street, COLUMBIA, PA 17512
      View Details
    • $499,000

      Historic Mixed-Use Commercial Building

      Unique property blending historic charm with modern convenience.
      22 S 2ND Street, COLUMBIA, PA 17512
      View Details
    • $850,000
      4,400 SF

      Former Catholic War Veterans Post

      Former private club on a large 1.08-acre lot.
      250 North 7th Street, Columbia PA, Columbia, PA 17512
      View Details
    • $1,100,000
      4,725 SF

      Highway Commercial Property on US Route 30

      0.29 acres zoned Highway Commercial near Turkey Hill Experience.
      401 Linden St, Columbia, PA 17512
      View Details
    • $305,000
      720 SF

      Triplex in Columbia, PA

      Investment opportunity: triplex near downtown, parks, and rail trail.
      541-543-545 CONCORD Lane, COLUMBIA, PA 17512
      View Details
    • $499,000
      5,000 SF

      Historic Building Awaiting Renovation

      Circa 1900 building ideal for adaptive reuse project.
      28 North 2nd Street, Columbia, PA 17512
      View Details
    • $499,000
      7,702 SF

      Adaptive Re-Use Project Opportunity

      Two buildings with courtyard, ideal for creative revitalization project.
      20 N 2nd St, Columbia, PA
      View Details
    • $1,975,000
      8,000 SF

      Agricultural Property with New Warehouse

      6-acre agricultural property featuring a new 8,000 SF warehouse.
      4324 MARIETTA AVENUE, COLUMBIA, PA 17512
      View Details
    • $525,000
      4,280 SF

      Mixed-Use Property in Downtown Columbia

      Versatile investment opportunity with retail and residential units in Pennsylvania.
      22 S 3rd St, Columbia, PA
      View Details
    • Contact for pricing
      8,728 SF

      Flex Space Near Route 30

      8,729 SF flex space with loading docks and office.
      185 N Front St, Columbia, PA 17512
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile property with retail and residential units in Columbia, PA.
    Where is this mixed-use property located?
    The property is located at 20 S 3rd St Columbia, PA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Prime downtown Columbia, PA location.; Mix of income potential from commercial and residential units.; Includes a commercial retail unit currently operating as a cigar lounge.
    (717) 383-6647 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tom Troccoli
    Tom Troccoli
    Real Estate License ID: PA RS167691L
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20 S 3rd St, Columbia, PA 17512
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!