Skip To Content

116 Auction Road

MANHEIM, PA 17545
  • $500,000
  • STATUS: Active
  • ON SITE: 61 Days
  • ID#: PALA2047096
$500,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1954
County:

School Ratings & Info

School District:

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 +GG 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.

Monthly Payment Calculator



©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-03T23:52:46.143.
www.yorkhomes.net/homes/147652520
Print Image

116 Auction Road MANHEIM, PA 17545

  • Price: $500,000
  • Status: Active
  • On Site: 61 Days
  • ID#: PALA2047096
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1954
Built
Neighborhood:
Penn Twp (10550)
County:
Lancaster
Area:
Penn Twp (10550)
School District:
Manheim Central
Property 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 +GG 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.
Exterior Features

Construction Materials Frame Garage YN No Parking Types DrivewayParking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3248.00 Cooling Window Unit(s) Heating Baseboard - ElectricBaseboard - Hot Water Heating YN Yes Net Square Feet 3248.00

Property Features

Accessibility Features None Assessment Year 2023 Business Type Auto Related Central Air YN No Cooling Fuel Electric Heating Fuel Oil Hot Water Electric Municipality PENN TWP Navigable Water YN N New Construction YN No Original MLSNumber 802868684746 Ownership Interest Fee Simple Possession Settlement Property Sub Type Other Sale Type Standard Sewer On Site Septic Tax Annual Amount 3608.00 Tax Assessment Amount 177000.00 Vacation Rental YN No Water Source Public Zoning LIMITED COMMERCIAL

Listing courtesy of Iron Valley Real Estate: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-03T23:52:46.143.
 
https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802868684746-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802868684746-2.jpg https://bt-photos.global.ssl.fastly.net/brightmls/1280_boomver_1_802868684746-2.jpg
Logo
Jim Powers Team- Berkshire Hathaway Home Services Homesale Realty
2525 Eastern Blvd.
York PA, 17402