2938 Columbia AveLancaster, PA 17603

Property Details for 2938 Columbia Ave

Year built

1989

Construction

BRICK

Property size (Sq ft)

952 SF

Zone code

GC

Property type

Office properties

Property subtype

Other office properties

APN

410-30405-1-009A

APU

410304051009A

Description

This 952-square-foot Class B medical office condo, located at 2938 Columbia Ave, Unit 1501 in Lancaster, Pennsylvania, is a single-tenant space built in 1989. Situated within the Manor West Commons professional hub, this first-floor unit boasts a reception/work area, two private offices, a kitchenette/break room, and three storage closets. The property benefits from excellent visibility and signage opportunities, including a large panel above the retail window, a plaque by the entrance, and a panel on the complex directory sign. Exterior maintenance is handled by the condo association. Ample parking is available. Its strategic location at the signaled intersection of Columbia Avenue and Industry Drive provides easy access to Route 30/Centerville Road exit, less than a mile away. The property is in Lancaster County, zip code 17603, and offers a convenient and highly visible location for medical professionals. This retail and office space presents a compelling opportunity for a medical practice seeking a well-maintained and easily accessible location in a thriving commercial area.

• CAP approach

  CAP return

  Valuation

  6%

  $146,941

  6.5%

  $135,638

  7%

  $125,950

• Comparable approach

  Method

  Valuation

  Relative Method

  $72,999

  Geo Method

  $59,890

• Alternative Use

  Use

  Valuation

  Residential

  $168,191

  Hospitality

  $154,062

  Educational

  $128,178

  Medical

  $132,586

  Retail

  $199,388

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0405

Longitude

-76.3864

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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