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2301 Columbia Ave Lancaster, PA 17603-4154

OFF-MARKET Medical Office Space Google Maps
15,352 SF 2.5 ac lot Built 1991
Entity Owned ~ Est. High Equity
Estimated value (blended)
$2.58M
Range $2.32M – $2.84M (±10%)
Property ID US73-1039039

Property summary

AI-generated overview

This exceptional office space, located at 2301 Columbia Avenue, Unit LOWER LE, in Lancaster, PA, presents a unique opportunity for businesses seeking high visibility and convenient access. Situated at the intersection of Running Pump Road and Columbia Avenue, this lower-level suite boasts over 17,000 daily vehicle counts, ensuring significant exposure. The contemporary building offers a comfortable and functional layout, perfect for a variety of professional uses, including medical, office, or counseling practices. The suite features an inviting reception area, multiple private offices or exam rooms, an open collaborative workspace ideal for teamwork, and convenient restrooms. Natural light floods the space through windows on three sides, creating a bright and welcoming atmosphere. The property sits on a 2.5-acre lot and provides exceptional parking convenience with over 65 illuminated parking spaces, accessible from both Columbia Avenue and Running Pump Road. Mature landscaping enhances the aesthetic appeal and provides a pleasant outdoor environment. This is a turnkey solution for businesses seeking a well-maintained, highly visible, and easily accessible office space in a thriving Lancaster location. The property is at grade level, offering easy access and visibility. The ample parking and strategic location make this an ideal choice for businesses seeking a professional and convenient workspace.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1991
Construction BRICK
Total area 15,352 SF
Lot 2.5 ac (108,900 SF)
Zoning code HC
APN 290-90262-0-0000
UPID US73-1039039

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
  • Physician
  • Medical Clinic
  • Physician
  • Physician
  • Medical Clinic

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.45M
Comparable Approach Comparable
$2.08M
Blend (final) Blend
$2.58M

Owner & transaction history

since 2025
2 recorded transactions
2025
$1.8M
2025
Price N/A

Zoning & alternative use

HC · Lancaster, PA
Top alternative use upside
Commercial (general) $4.0M +13.8%

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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