20 3Rd StColumbia, PA 17512

For Sale
$525,000

Four-unit apartment building, prime downtown location.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional multifamily investment property, located at 20-24 S. 3rd St., Columbia, PA 17512, offers a compelling opportunity for discerning investors. The property consists of two buildings encompassing four units, zoned HDR (High Density Residential) in Lancaster County. The asking price is $525,000, representing a price per unit of $131,250. The property includes one commercial retail unit currently operating as a cigar lounge (available for separate purchase), two two-bedroom residential units, and a vacant, unfinished third-floor unit with significant potential for added value and rental income. This prime downtown Columbia location provides excellent visibility and access to local amenities. The property presents a unique blend of commercial and residential income streams, offering immediate cash flow and long-term growth potential. The existing cigar lounge provides a stable income source, while the residential units offer additional rental income. The unfinished third-floor unit presents a chance to increase the property's value and rental revenue through renovation and lease-up. This is a rare opportunity to acquire a well-located, multi-faceted property in a thriving Pennsylvania community. The property's strong location and diverse income streams make it an attractive investment for both seasoned and new investors seeking a solid return on investment.

Highlights

  • Exceptional multifamily investment opportunity in downtown Columbia, PA.
  • Four-unit property at 20-24 S. 3rd St., priced at $525,000 ($131,250 per unit).
  • Includes one commercial retail unit (cigar lounge, separately purchasable), two 2-bedroom residential units, and one unfinished third-floor unit.
  • High-density residential zoning (HDR) in Lancaster County.
  • Prime location offers excellent visibility and access to local amenities, providing immediate cash flow and long-term growth potential.

Property Details for 20 3Rd St

Property type
Multifamily properties, Apartment buildings
Class
B
Buildings
2
Units
4

Location Insight

City
Columbia
County
Lancaster
State
Pennsylvania
Latitude
40.031317770573
Longitude
-76.501912493991
20 3Rd St, Columbia, Pennsylvania

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20 3Rd St
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