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Cara Pearlman

cara@dcsuburbhomes.com +1(202) 641-3008

Listed by David A Wissler • Coldwell Banker Realty

$ 1,399,900

Est. payment -/mo

Save

Pending

1 S CHARLOTTE ST Manheim, PA 17545

0.28 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

MLS Listing ID PALA2063740

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 Sub-Type Mixed Use

Source BRIGHT

Property Description

Amazing mixed-use investment opportunity in Manheim's Market Square with 11% 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 an allowance of $65/sqft to built it out ($277,745) + NN, and is the perfect blank canvas for a restaurant/cafe, etc. 1st Floor could be divided into 2-4 spaces to maximize rent potential. 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 between $160-$185 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. In addition, there is a suite that will rent our for $270 per week with a full kitchen and a loft. 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 Electric, 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

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

Cara Pearlman

+1(202) 641-3008

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Bethesda, MD

Cara Pearlman

1 S CHARLOTTE ST Manheim, PA 17545

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1 S CHARLOTTE ST