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116 Auction Road,  Manheim PA, 17545

(Active)
$500,000
|
3,248 sqft
|
MLS# PALA2047096
Last Updated: 5/18/2024 12:01 AM
Description for 116 Auction Road Manheim, PA 17545
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.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.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.
Price
$500,000
LANCASTER
3,248 (approx)
PALA2047096
Active
Description
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.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.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.
Listing Information
Property Type: Business Opportunities, Other
0.25 Acres 3,248 (approx) 1954
Frame
Public
Septic Tank
Neighborhood
Room Information
Interior Features
Electric Water Heater
Window Unit(s)
Electric Heating, Oil, Baseboard, Hot Water
Exterior / Lot Features
50 Parking Spaces,
Frame
0.00 x 0.00
Driving Directions
From Lancaster, north on Manheim Pike (Route 72), turn right on Auction Rd. ( at Manheim Auto Auction), properties on the right.
Financial Considerations
500-68774-0-0000
$3,608
Listing Price History

Manheim Real Estate

Manheim is located in Pennsylvania. Manheim, Pennsylvania 17545 has a population of 4,942.

The median household income in Manheim, Pennsylvania 17545 is $72,364. The median household income for the surrounding county is $68,791 compared to the national median of $66,222. The median age of people living in Manheim 17545 is 40 years.

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Courtesy: Iron Valley Real Estate
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/18/2024 12:01 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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