Property profile

1755 Columbia Ave Lancaster, PA 17603

OFF-MARKET
Drive through restaurants
Property ID
US73-0092369
4,758 SF 0.96 ac lot Built 1989
Entity Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1989
Construction BRICK
Total area 4,758 SF
Lot 0.96 ac (41,818 SF)
Zoning code HC
APN 290-01670-0-0000
UPID US73-0092369

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Location

1755 Columbia Ave Lancaster, PA 17603-4530
Lancaster metro Census 11701 LANCASTER, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
$860k
Blend (final) Blend
$530k

Owner & transaction history

since 2015
7 recorded transactions
2015
$650,000
2005
Price N/A
2004
$2.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

HC · Lancaster, PA
Zoning description

Parking garages. Parking garages shall be permitted as uses by right as accessory uses in the HC District and may be located on a separate lot from HC District uses. Parking facilities shall comply with the requirement o…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Medical building $1.1M +11.5%
Retail stores $1.0M +6.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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