Active
112 S Walnut St
Dallastown PA, 17313
$2,160,000
Active
Commercial
Built in 1906
180-unit self storage facility located on a corner lot in the heart of Dallastown, PA.
D-town Mini Storage is uniquely positioned due to its pre-existing non-conforming status. No other storage facilities can be built in this area without a special exception.
31,498 total square feet.
Being sold at a 6.75% cap rate based on actual numbers.
Physical and economic occupancy are both 90%+.
Value add opportunities include under market rents, renting empty units, and renting or building out 4,000 sq ft second floor into more storage units. D-town Mini Storage typically has the lowest rents in town. The seller, a mobile home park operator, is divesting from his only self storage facility, creating an ideal opportunity for a skilled operator to maximize the property's potential. There is significant room for revenue growth and increased property value.
Recent capital improvements include newly blacktopped roads ($90K) and keyless entry ($20k). Both completed in 2022.
Included in the sale are: website, security cameras, keyless entry security system and elevator shaft connecting the ground to the second floor.
Financials, property survey, and clean environmental phase 1 report, available upon request. Contact us today for more information!
PAYK2069838
MLSⓇ ID
October 4, 2024
Listed
November 22, 2024
Updated
Map
112 S Walnut St
Dallastown PA, 17313
Interior Features
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.33 Acres
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
DALLASTOWN BORO
Taxes
$12,077
Tax Frequency
Annually
Days on Market
13
Garage
No
View
No
County
YORK
Water Source
Public
Pool
No
Zoning
Residential Town district / pre existing nonconforming use
Listing History
Date | Event | Price |
---|---|---|
10/16/2024 | Price change | $2,160,000 -12% |
Listed by Iron Valley Real Estate of York County
Listing Contact: 7178554478
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Data last updated on 11/22/2024 at 4:12 AM UTC