525 FRANKLIN ST Pending Save Request In-Person Tour Request Virtual Tour
Columbia,PA 17512
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
Year Built 1950
Annual Tax Amount $7,279
Tax Year 2022
Lot Size 0.920 Acres
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
Exterior
Garage Spaces 12.0
Utilities Available Cable TV Available,Electric Available,Natural Gas Available,Phone Available,Water Available,Sewer Available
Waterfront N
Water Access N
View Creek/Stream
Roof Type Shingle
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Columbia
School District Columbia Borough
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard