116 Auction Road
Manheim,
PA
17545
Property Details
| List Price: |
$500,000 |
| Beds: |
-- |
| Baths: |
-- |
| Status: |
Active |
SqFt: |
-- |
| Agency: |
Iron Valley Real Estate |
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Description/Comments
| Lot Size: |
-- |
| Property Type: |
Commercial |
| Year Built: |
1954 |
| Notes: |
Welcome to Auction Rd, where the prime location meets great investment opportunities! This commercial property is a savvy investor's dream, boasting multiple income streams and a strategic location near the Manheim Auto Auction. Currently generating $3,000 per month in rental income, this property consists of three distinct units, each contributing to the incoming cash flow. The upstairs 1-bedroom 1-bath unit rents for $800, the downstairs 3-bedroom 1-bath unit rents for $1,250, and the office space, complete with a working wood-burning fireplace and its own bathroom rents for $950. All leases are on a month-to-month basis, allowing the new owner the flexibility to adjust arrangements if needed. The limited commercial zoning, with a special exception for a car dealership, adds a layer of versatility to the property, while also being a great option for other various business ventures.<br />
<br />
Noteworthy is the fact that the property is parceled as two lots. The removal of an old home on lot 104 was necessitated by a collapsing basement wall, presenting the opportunity for new construction if desired on this lot as well. The opportunity to either purchase the entire property and use as one or develop the second plot enhances the investment potential. This is a strategic investment opportunity that guarantees immediate returns with existing tenants while also providing an excellent platform for a business to thrive given the proximity to the auto auction and other local business in the Manheim area. While also being positioned to capitalize on the constant flow of business in the area.<br />
<br />
Don't miss out on this exceptional opportunity – seize the moment while the sellers has a sudden opportunity out of state. They are selling 104, 116 Auction Rd that are great income properties for him as well as 26 Hart St in Manheim. If you are looking to expand your portfolio currently, don't miss the chance to explore this promising opportunity. |
| MlsNumber: |
PALA2047096 |
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| Listing Provided By: |
Iron Valley Real Estate, original listing |
| Name: |
Iron Valley Real Estate |
| Phone: |
(717) 769-2986 |
| Office Name: |
Iron Valley Real Estate |
| Office Phone: |
(717) 769-2986 |
| Agent Name: |
Nichole Shultz |
| Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |
