Investments Sales Management

3020 COLUMBIA AVENUE

LANCASTER , PA 17603

MLS#: PALA2046294

$5,000,000

Status: Active
Listing number: PALA2046294
Listing provided by: Bennett Williams Realty, Inc.
Listing agent phone: None
Last update: 5 months ago
On site: 1 year, 6 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1997

Sq.Footage

N/A

Attractive 39,610 S/F 3/4 story Professional Office Building Available For Sale on 2.68 acres. Price, terms, and conditions subject to any renegotiation of master tenants current lease. Master Tenant may shrink current footprint or exit 12/01/2026, allowing for any new buyer/tenant use and occupancy . 2024 Projected NOI $571,570. 145 parking spaces. Owner Financing Available for qualified buyer.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Gas

  • Heating YN

    YES

  • Heating

    Natural Gas, Central

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    Parking Lot

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    2.68

  • Property Type

    Commercial Sale

  • Property Sub Type

    Office

Price

  • Sales Price

    $5,000,000

  • Tax Amount

    82030.0

  • Zoning

    General Commercial

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    PENN MANOR H.S.

Property Features

  • Accessibility Features

    Accessible Elevator Installed

  • Sewer

    Public Sewer

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Location

County

LANCASTER

Elementary School

Middle School

High School

PENN MANOR H.S.

Listing Courtesy of Michael C Sheaffer , Bennett Williams Realty, Inc.

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Agent TheresaKehler

Owner, President, Investment Property Advisor

TheresaKehler

Call Theresa today to schedule a private showing.

(215) 605-9647

theresa@tntrealestatesolutions.com


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Attractive 39,610 S/F 3/4 story Professional Office Building Available For Sale on 2.68 acres. Price, terms, and conditions subject to any renegotiation of master tenants current lease. Master Tenant may shrink current footprint or exit 12/01/2026, allowing for any new buyer/tenant use and occupancy . 2024 Projected NOI $571,570. 145 parking spaces. Owner Financing Available for qualified buyer.

3020 COLUMBIA AVENUE

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Related Properties

This site consists of a mixed use property with a 3 story building which is currently a mix of office and industrial uses on the east end of the parcel, and a collection of industrial buildings on the west end of the parcel. Most Industrial uses have drive ins, and a few have dock doors. Current income from existing use is $300,000 NOI approximately, which provides great income during plans for redevelopment. Most leases are on 1-2 year terms, allowing flexibility for redevelopment. Great opportunity for a redevelopment into self storage or apartments, with land consisting of 2.3 acres in Lancaster City with improved buildings. The zoning was successfully changed to Mixed Use recently which will allow for a potential density of 148 apartment units. Architectural renderings show a 104 unit apartment building on the west end which would call for the removal of industrial buildings. There are also plans for the renovation of existing buildings on the east end to accommodate an additional 44 units. The existing parking plan provides 126 parking spaces on site. A parking variance would be required to provide relief from the parking requirement of 1 space per unit. Self Storage is also a permitted use limited to 20,000 SF per parcel. Owner will consider seller financing for qualified buyers with a 30% down payment. Contact listing agent for pro forma operating income and expenses.
#PALA2047158

LANCASTER

301 E LIBERTY STREET

None Beds

None Baths

N/A

$4,500,000

MLS#: PALA2047158

- property

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