225 Columbia Mall Dr - Storefront Retail/Office CONDO FOR SALE


Bloomsburg, PA 17815
$1,426,470 USD
937-367-6656
225 Columbia Mall Dr, Bloomsburg, PA for Sale
$1,426,470 USD
Storefront Retail/Office CONDO - FOR SALE
1/4
null | 8.5% Cap Rate

225 Columbia Mall Dr
Bloomsburg, PA 17815


HIGHLIGHTS

  • Tenant at Columbia Mall since 2017
  • EFO operates 4 locations in PA and in business since 1981
  • Executed new 10 year lease on former Bon Ton space across from new Geisinger Hospital development
  • Mall to be completely transformed with new tenants opening Nov 2024 (Michael’s & Ollie’s)

OVERVIEW

Capital Commercial Partners is pleased to bring to the market this EFO Furniture Outlet Condo located at the Columbia Mall in Bloomsburg, PA. The investment offers an above market return with long term tenant at the mall. The tenant moved from the front of the mall and execute a new 10 year lease in the former Bon Ton space. This is a very successful location for EFO and they9ve been a tenant at the mall since 2017 and in business since 1981. The mall is undergoing a complete transformation to open air lifestyle mixed use center. Geisinger Health Systems is developing a hospital campus adjoining the mall and will be pedestrian between the two developments. This will make it very easy to work, live, and shop all in the same place. The property is in close proximity to Bloomsburg University with a student enrollment of approximately 9,600 students with a storied history being founded in 1839. It9s the 3rd largest of the 14 universities in Pennsylvania. It made the list of top universities in the northern region according to U.S. News and World Reports annual rankings. Bloomsburg is located in Columbia County and is 40 miles from Wilkes-Barre. It9s the county seat and the only incorporated town in PA.. This is a unique opportunity for an investor to acquire a great location, excellent return, upside with the mall transformation percentage rent, and at only $47.54 per square foot. This is substantially below replacement cost of more than $200 PSF. The roof & HVAC9s were replaced in 2017 upon the former Bon Ton space lease commencement.

FOR SALE DETAILS

PRICE

$1,426,470 USD

PRICE/SF

$48 USD /SF

CAP RATE

8.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

EFO Furniture

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

30,000 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Richard GeisenfeldCapital Commercial PartnersMore Info
937-367-6656

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Richard GeisenfeldCapital Commercial PartnersMore Info
937-367-6656

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.