20 3rd St Columbia, PA 17512-1405
This exceptional Lancaster County investment opportunity is located in the heart of downtown Columbia, PA. The property consists of a single-tenant, 4,280 square foot retail space currently operating as a cigar lounge, which is available for sale separately. The building is classified as Class B and is situated in a High Density Residential zoning area. Adding to its income potential, the property also includes three residential apartments, offering a diverse revenue stream. The single-building property presents a unique blend of commercial and residential uses, making it an attractive proposition for investors seeking a mixed-use portfolio. The substantial size of the retail space allows for a variety of potential uses, catering to a range of businesses. Its central downtown location ensures high visibility and accessibility, benefiting from the foot traffic and activity of the surrounding area. The existing cigar lounge operation provides a proven income stream and a potential turnkey business acquisition opportunity. This property offers a compelling combination of established income and future development potential, making it an ideal investment for those seeking a strong return on investment in a vibrant and growing community. Serious inquiries are encouraged to explore this unique opportunity further. The property is zoned for High Density Residential use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HDR · Columbia, PAColumbia. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.