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Point West Medical Center 2301 Columbia Ave

16,624 SF 31% Leased Office Building Lancaster, PA 17603 $3,898,042 CAD ($234 CAD/SF) 8.16% Cap Rate

Investment Highlights

  • Exceptional Opportunity in East Hempfield at Intersection of Running Pump Road and Columbia Avenue
  • 2 Tenant Spaces with Separate Reception and Abundant Natural Light
  • 17,000+ Daily Car Count in Convenient Location with 65+ Dedicated Parking Spaces on 2.5 Acres

Executive Summary

This contemporary office/professional/medical building features +/- 16,624 SF with the potential for separate tenant spaces. The first floor features an ample waiting room with welcoming reception, office/exam/counseling rooms, a large bullpen area suitable for workstations or an open work environment, a 1272 SF mezzanine, rest rooms, and a break area. The lower level is at grade with windows on three sides and features an ample waiting area with welcoming reception, office/exam/counseling rooms, open collaboration workspace, and rest rooms. The outdoor space features 65+ illuminated parking spots with entrance/exit from both Columbia Avenue and Running Pump Road, and mature trees/landscaping. Don’t Delay, Call and Schedule your Tour Today.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Medical
Building Size
16,624 SF
Building Class
B
Year Built/Renovated
1991/2021
Price
$3,898,042 CAD
Price Per SF
$234 CAD
Cap Rate
8.16%
NOI
$318,114 CAD
Percent Leased
31%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,676 SF
Building FAR
0.15
Land Acres
2.50 AC
Zoning
HC - 566 Comm: Ofc/Professional Bldg
Parking
65 Spaces (3.91 Spaces per 1,000 SF Leased)

Amenities

  • Security System
  • Reception
  • Storage Space
  • Basement
  • Central Heating
  • Fully Carpeted
  • High Ceilings
  • Natural Light
  • Open-Plan
  • Partitioned Offices
  • Drop Ceiling
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 8,948 SF
  • Office/Medical
  • Full Build-Out
  • Jan 2025

This first floor of this contemporary office/professional/medical building features an ample waiting room with welcoming reception, office/exam/counseling rooms, a large bullpen area suitable for workstations or an open work environment, a 1272 SF mezzanine, rest rooms, and a break area.

  • 1st Fl-Ste Lower - Lab
  • 1,568 SF
  • Office/Medical
  • Partial Build-Out
  • Jan 2025
  • 1st Fl-Ste Lower Level
  • 6,108 SF
  • Office/Medical
  • Partial Build-Out
  • Jan 2025
Space Size Space Use Condition Available
1st Floor 8,948 SF Office/Medical Full Build-Out Jan 2025
1st Fl-Ste Lower - Lab 1,568 SF Office/Medical Partial Build-Out Jan 2025
1st Fl-Ste Lower Level 6,108 SF Office/Medical Partial Build-Out Jan 2025

1st Floor

Size
8,948 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Jan 2025

1st Fl-Ste Lower - Lab

Size
1,568 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Jan 2025

1st Fl-Ste Lower Level

Size
6,108 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Jan 2025

1st Floor

Size 8,948 SF
Space Use Office/Medical
Condition Full Build-Out
Available Jan 2025

This first floor of this contemporary office/professional/medical building features an ample waiting room with welcoming reception, office/exam/counseling rooms, a large bullpen area suitable for workstations or an open work environment, a 1272 SF mezzanine, rest rooms, and a break area.

1st Fl-Ste Lower - Lab

Size 1,568 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Jan 2025

1st Fl-Ste Lower Level

Size 6,108 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Jan 2025

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
290-90262-0-0000
Land Assessment
$513,815 CAD
Improvements Assessment
$2,074,252 CAD
Total Assessment
$2,588,067 CAD
  • Listing ID: 31856252

  • Date on Market: 2024-05-18

  • Last Updated:

  • Address: 2301 Columbia Ave, Lancaster, PA 17603

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