Bought with Curvin Horning • Kingsway Realty
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1264-1266 MANHEIM PIKE Lancaster, PA 17601
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Key Details
Sold Price $1,625,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 13,750 sqft
Price per Sqft $118
MLS Listing ID PALA2044528
Sold Date 01/30/24
Year Built 1949
Annual Tax Amount $15,336
Tax Year 2022
Lot Size 0.930 Acres
Acres 0.93
Lot Dimensions 0.00 x 0.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
Long term tenants and excellent location make this property a great investment! Current NOI of $113,000/year substantiates the 7% Cap Rate Offering. Under valued lease rates have growth potential. Easily accessible location in Manheim Township on Rt 72 (Manheim Pike) just minutes from Rt 30 and Rt 283 interchanges. Tenants include a retail furniture store and an automobile / truck garage. Flexible Business District (B-4) zoning permits various uses including retail, service stations and office buildings. Seller is a licensed Real Estate Salesperson in PA.
Location
State PA
County Lancaster
Area Manheim Twp (10539)
Zoning BUSINESS DISTRICT B-4
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Concrete
Heat Source Natural Gas
Exterior
Garage Spaces 38.0
Utilities Available Natural Gas Available, Cable TV Available, Phone Available, Sewer Available, Water Available, Electric Available
Water Access N
Roof Type Flat,Rubber
Accessibility No Stairs
Total Parking Spaces 38
Garage N
Building
Lot Description Corner, Flood Plain, Level, Road Frontage
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Manheim Township
Others
Tax ID 390-66706-0-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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