408 W MAIN Street
408 W MAIN Street New Holland, Pennsylvania 17557 United States

$480,000
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Sable Commercial Realty

.22 Acres
Exterior
Commercial
Property type
1920
Year Built
PALA2026746
Web Id
PALA2026746
MLS ID
Eastern Lancaster County
School District
New Holland
Elementary
Garden Spot
Middle
Garden Spot
High
94
days ago

About 408 W MAIN Street

408 W Main, is a fully occupied 6-unit, Mixed-use property located at a highly travelled thoroughfare in New Holland, PA. Generating $48,000 of gross operating income per year. This property is uniquely poised to produce substantial income for the foreseeable future. Comprised of 1 commercial unit, 4 licensed boarding rooms, a 1 bedroom apartment, and 2 large storage garages, this property offers the best of both worlds. Looking for an investment that is well diversified and recession resilient? Look no further, the commercial unit is occupied by a barbershop owner who has just signed a new 3 year lease. The remaining units are conveniently placed on on oral or month to month leases, which allows for a new owner to reposition and re-tenant at market rental rates. Due to the low vacancy rates in Lancaster County, as well as the increasingly high rental rates, boarding rooms serve to not only provide affordable units, but also increased income potential. Pro-forma income can realistically be accomplished at $59,400, transforming this 8.2 Cap to 10.6!!! Property is well maintained, roof has recently been repaired, and a new sump pump has been installed. Schedule a showing for this rare find in a tight market!

Listing Courtesy of Sable Commercial Realty

The data relating to real estate for sale comes in part from Keystone Multi-List. Real estate listings held by brokerage firms other than Anne Lusk Sotheby's International Realty are marked with the Broker Reciprocity logo and information about them includes the name of the listing broker. All information provided is deemed reliable but is not guaranteed and should be independently verified. This 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.

features

cooling
Electric

PROPERTY INFORMATION

Cooling
Central A/C
Heating
90% Forced Air, Hot Water
Parking Description
Private, Paved Parking
Sewer
Public Sewer
View
City

EXTERIOR

Roofing
Pitched, Shingle

INTERIOR

Flooring
Laminated, Carpet

ADDITIONAL INFORMATION

Body of Water
Public
This New Holland Commercial is for Sale at $480,000 and was built in 1920. Has on a lot of .22 Acres.

 

Sable Commercial Realty

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