2306 Columbia AveLancaster, PA 17603

Property Details for 2306 Columbia Ave

Year built

1958

Construction

BRICK

Lot size

0.58 AC

Property size (Sq ft)

3,750 SF

Zone code

GC

Property type

Office properties

APN

410-81240-0-0000

APU

4108124000000

Description

This exceptional 3,750 square foot office building is ideally situated at 2306 Columbia Avenue in Lancaster, Pennsylvania, within Lancaster County, zip code 17603. The property boasts a single-tenant occupancy and is classified as a traditional office building. Its strategic location on Columbia Avenue offers significant visibility and accessibility, with high traffic volume exceeding 14,000 vehicles daily. The General Commercial zoning permits a diverse range of uses, making it suitable for various office and retail businesses. Convenient access to Route 30 is achieved within five minutes via Centerville Road or Marietta Avenue. All essential public utilities are readily available. The building's size and zoning flexibility present a compelling investment opportunity for businesses seeking a prominent location in a thriving Lancaster community. The asking price for this well-positioned property is $695,000. This is a single-building property.

• CAP approach

  CAP return

  Valuation

  6%

  $578,812

  6.5%

  $534,288

  7%

  $496,125

• Comparable approach

  Method

  Valuation

  Relative Method

  $287,548

  Geo Method

  $235,912

• Alternative Use

  Use

  Valuation

  Residential

  $662,518

  Hospitality

  $606,863

  Educational

  $504,903

  Medical

  $522,267

  Retail

  $785,404

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0397

Longitude

-76.3667

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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