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Mavis Discount Tire 1655 Columbia Ave

6,168 SF Retail Building Lancaster, PA 17603 $2,800,000 ($454/SF) 6.25% Cap Rate

Retail Space Pennsylvania Lancaster 1655 Columbia Ave, Lancaster, PA 17603

Investment Highlights

  • Long Term 15-Year Lease | Corporate Guarantee
  • Attractive Real Estate Fundamentals | Strategic Positioning | Situated Across From Speedway Gas Station and Adjacent to a Valvoline Oil Change
  • Ideal Automotive Service Fundamentals | Located in Lancaster’s Main Shopping Corridor | Several Anchor Tenants Bring Daily Traffic Drivers to the Area

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for a Mavis located at 1655 Columbia Ave in Lancaster, PA. The site consists of roughly 6,168 rentable square feet of building space on estimated 0.57-acre parcel of land. This Mavis is subject to a 15-year lease, which commenced on March 13, 2023. The current annual rent is $175,000 and is scheduled to increase by 10% every 5 years throughout the base term and in each of the 2, 5-year and 1, 4-year 11-month renewal options.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,168 SF
Building Class
B
Year Built
1974
Price
$2,800,000
Price Per SF
$454
Cap Rate
6.25%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.57 AC
Zoning
HC - High density commercial
Parking
4 Spaces (0.65 Spaces per 1,000 SF Leased)
Frontage
226 FT on Columbia Avenue
1 of 1
1655 Columbia Ave, Lancaster, PA - aerial map view
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Giant Food
Rent-A-Center
Fulton Bank
Truist
Nathan's Famous-delivery Only
Starbucks
Mod Pizza
ALDI
Stauffers of Kissel Hill

PROPERTY TAXES

Parcel Number 290-01818-0-0000 Improvements Assessment $465,100
Land Assessment $200,500 Total Assessment $665,600

PROPERTY TAXES

Parcel Number
290-01818-0-0000
Land Assessment
$200,500
Improvements Assessment
$465,100
Total Assessment
$665,600
(332) 345-4222

Contacts

  • Listing ID: 28362294

  • Date on Market: 5/1/2023

  • Last Updated:

  • Address: 1655 Columbia Ave, Lancaster, PA 17603

More public record information on 1655 Columbia Ave, Lancaster, PA 17603

The Retail Property at 1655 Columbia Ave, Lancaster, PA 17603 is currently available for sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1655 Columbia Ave, Lancaster, PA for sale Building Photo- Image 1 of 3
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1655 Columbia Ave, Lancaster, PA for sale Aerial- Image 2 of 3
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Mavis Discount Tire | 1655 Columbia Ave
(332) 345-4222 x

Mavis Discount Tire | 1655 Columbia Ave

1/4

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Anthony D'Ambrosia

(203) 887-8797

(203) 887-8797

Josh Kanter

(617) 865-1145

(617) 865-1145

Ilan Bley

(332) 345-7187

(332) 345-7187

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