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Gregg Clymer

gclymer@thegcteam.net +1(717) 968-5087

Listed by Christy R Griffin • Coldwell Banker Realty

$ 869,000

Est. payment -/mo

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Pending

525 FRANKLIN ST Columbia, PA 17512

4,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 4,000 sqft

Price per Sqft $217

MLS Listing ID PALA2056654

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $7,279

Tax Year 2022

Lot Size 0.920 Acres

Acres 0.92

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Property Description

GREAT CASH FLOW - EASY MANAGEMENT
525 Franklin Street is a nearly one-acre parcel in Columbia Pa with four separate homes and six total residential rental units. The entire property is maintained and leased by a non-profit whose mission is to serve youth who are transitioning from the various service agencies into independent living situations.

The largest home is a 1,350 sf cape cod with an attached carport. It has 3 bedrooms and 1 bath. Home number two is a 900-sf single family with 2 bedrooms and 1 bath. The 2 remaining buildings are nearly identical and have 2 efficiency apartments each. There is also a detached two car garage. Recently inspected by Columbia Borough and passed all lead paint tests. C/O is valid until 06/28/25.

The lease is a 3-Year term starting March 1, 2023. It has annual escalations of 3% and starts at $84,000 annually. All buildings and apartments have separate utilities which are paid for by the tenant. In addition, the tenant is responsible for taxes, insurance, yard care and snow removal. The parcel is in the borough of Columbia and is served by public water and sewer. It is zoned Medium Density Residential, potentially allowing additional development opportunities.

Location

State PA

County Lancaster

Area Columbia Boro (10511)

Zoning MDR

Interior

Hot Water Natural Gas, Electric

Cooling Window Unit(s)

Inclusions All appliances

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 12.0

Utilities Available Cable TV Available, Electric Available, Natural Gas Available, Phone Available, Water Available, Sewer Available

Water Access N

View Creek/Stream

Roof Type Shingle

Accessibility None

Total Parking Spaces 12

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Columbia

School District Columbia Borough

Others

Tax ID 110-30472-0-0000

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Gregg Clymer

Team Leader | License ID: RS270181

+1(717) 968-5087

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Gregg Clymer

525 FRANKLIN ST Columbia, PA 17512

Key Details

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