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 

The IDX display contains information sourced from the Bright MLS, Inc. as of 11/22/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Bright MLS, Inc. all rights reserved.

Data last updated on 11/22/2024 at 4:12 AM UTC

Powered byLuxury Presence