1841 Columbia AveLancaster, PA 17603

Property Details for 1841 Columbia Ave

Year built

1962

Construction

BRICK

Property size (Sq ft)

3,182 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

290-06304-1-0002

APU

2900630410002

Description

Invest in prime Lancaster County retail space at Wheatland Shopping Center. This thriving 99,252 square foot neighborhood shopping center boasts a strong tenant mix, including national brands like Dollar General, Tuesday Morning, and Empire Beauty School, ensuring high visibility and consistent foot traffic. Located on Columbia Avenue, a major thoroughfare with 22,000 cars passing daily, this center offers exceptional exposure to a large customer base. Two available spaces range from 2,600 to 4,550 square feet, providing flexibility for various retail concepts. The center sits on a 2.8-acre lot and offers ample parking with 481 spaces for customer convenience. The property is a multi-tenant retail center categorized as an outparcel/pad, storefront, and strip center. NNN charges are $3.24 per square foot. This is an exceptional opportunity to establish or expand your business in a high-demand retail location within a well-established and successful shopping center. Benefit from the existing strong tenant base and high traffic volume to maximize your return on investment. Don't miss this chance to secure your place in this thriving Lancaster County retail hub.

• CAP approach

  CAP return

  Valuation

  6%

  $721,978

  6.5%

  $666,442

  7%

  $618,839

• Comparable approach

  Method

  Valuation

  Relative Method

  $614,866

  Geo Method

  $504,453

• Alternative Use

  Use

  Valuation

  Residential

  $562,168

  Hospitality

  $514,943

  Educational

  $428,427

  Medical

  $443,161

  Retail

  $666,442

Location Insight

City

Lancaster

County

Lancaster

State

Pennsylvania

Latitude

40.0389

Longitude

-76.3553

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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