Financial
Distress signals
Property profile

1059 Columbia Ave Lancaster, PA 17603

FOR SALE
Commercial real estate
Property ID
US73-1408118
3,742 SF 0.67 ac lot Built 1961
Last sale Dec 2010 · $495,000
Individually Owned Owner of record is an individual. 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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1059 Columbia Ave, Lancaster, PA 17603 For Sale
Contact for pricing 3,742 SF
1059 Columbia Ave, Lancaster, PA 17603
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Property summary

AI-generated overview

This exceptional Class B medical office condo presents a unique investment or owner-occupancy opportunity. Located in Lancaster Township, this 2,074 square foot space is situated on the lower level of a well-maintained, two-story building with a total of 6,880 square feet. The building features a total of two suites, with one currently available for lease. The property boasts ample parking, with approximately 50 spaces available for tenants and visitors. Its convenient location along

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$2k
Tax billed · 2024
Assessed value$56k
Assessed land$56k
Effective rate2.88%

Value estimate

· Sep 2026
$545k
$491k – $600k
AI approach$395k
CAP approach$715k
Submarket $/SF estimate$627k
NOI build-up
Gross scheduled income$53k
Vacancy & credit loss−$7k
Operating expenses−$11k
NOI · 13.74% cap applied$34k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$259/SF
ZIP average, outlier-cleaned · 84 recorded sales of this use type
Observed band · Q1–Q3$168 – $390
Qualifying comparables5

Cap rate analysis

How does the asset earn?
13.74%
$34k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
O/P
JurisdictionLANCASTER

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency31.3
Law Firm24.3
Dental Office20.0

Location

1059 Columbia Ave Lancaster, PA 17603
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
196 Charles, Lancaster, PA 17603-6664 $1,171,000 Jan 2023 1,650 SF
Wabank, Lancaster, PA 17603 $181,359 Aug 2022 No data
1009 Prince St, Lancaster, PA 17603-2735 $2,243,000 Mar 2020 No data
301 James, Lancaster, PA 17603-2960 $1,047,575 Dec 2019 28,152 SF
151 Queen, Lancaster, PA 17603-3508 $1,150,000 Apr 2019 185,008 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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