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Manheim,PA 17545
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 12,800 sqft
Price per Sqft $140
MLS Listing ID PALA2055204
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $8,355
Tax Year 2024
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 198' x 70'
Property Description
Amazing mixed-use investment opportunity in Manheim's Market Square with almost a 10% cap rate! Formally known as the Washington House, this historic landmark has been restored. High-visibility corner lot with 8,000/day traffic count. This iconic brick building is comprised of a large 1st floor commercial space + fully-occupied 25-unit boarding house on the 2nd & 3rd floors. The first floor commercial space is currently being offered as-is for $2,500/month + NN or with 10 year commitment and $17 psf an allowance of $65 per square foot to built it out ($277,745) + NN, and is the perfect blank canvas for a restaurant/cafe, etc. Large arched windows and a new paver patio extends across the front of the building, ideal for outdoor seating & high visibility. The open space features the rustic charm of exposed beams and brick. Rear parking lot includes 12 spaces + free street parking all around! See MLS #: PALA2053148 for more lease details. The 25-unit boarding house is fully-occupied with a waiting list to get in. Tenants pay flat weekly rate of $170 per week, owner pays all utilities. Most units have been updated and feature newer LVP flooring. Benefit from many new upgrades including all new metal, architectural shingle, and rubber roofs, fully painted exterior, new windows throughout, upgraded electrical, newer plumbing, newer HVAC (2 years old)! Other highlights include hardwired security system, 2 gas furnaces, new central A/C. Schedule your private showing before it's too late!
Location
State PA
County Lancaster
Area Manheim Boro (10540)
Zoning CENTRAL BUSINESS DISTRICT
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Luxury Vinyl Plank,Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 12.0
Utilities Available Cable TV Available,Natural Gas Available,Water Available,Sewer Available
Water Access N
Roof Type Metal,Architectural Shingle,Rubber
Street Surface Paved
Accessibility Ramp - Main Level
Road Frontage Boro/Township
Total Parking Spaces 12
Garage N
Building
Lot Description Road Frontage,Corner
Foundation Block,Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Manheim Central
Others
Tax ID 400-82953-0-0000
Ownership Fee Simple
SqFt Source Assessor
Security Features Security System,Smoke Detector,Carbon Monoxide Detector(s)
Acceptable Financing Cash,Conventional,Bank Portfolio
Listing Terms Cash,Conventional,Bank Portfolio
Financing Cash,Conventional,Bank Portfolio
Special Listing Condition Standard