United StatesPennsylvaniaManheim31 S MAIN Street

31 S MAIN Street
31 S MAIN Street Manheim, Pennsylvania 17545 United States

$1,200,000
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Coldwell Banker Realty

$1,200,000
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.33 Acres
Exterior
Commercial
Property type
1876
Year Built
PALA2049778
Web Id
PALA2049778
MLS ID
MANHEIM
Subdivision
Manheim Central
School District
Manheim Central
Middle
Manheim Central
High
31
days ago

About 31 S MAIN Street

Amazing investment opportunity in the heart of Manheim! Ability to rent out 28 to 30 units with 10-11% Cap Rate (including fix up cost & debt service).....Formally known as the Summy House, this historic property is comprised of two separate buildings on one parcel. The front building along Rt. 72 features 1 apartment in the basement, 3 commercial spaces on the 1st floor (formally the Sink Restaurant & Bar) and 2 office/studio spaces, the 2nd and 3rd floor was used as a residential boarding house with 19 bedrooms, 3 bathrooms, and 2 kitchens. In addition, a separate apartment built on rear of main building and an additional fully occupied 5-unit apartment building that sits along Wolf St. This is 1 of 2 boarding houses that owners have in Manheim. (See pro-forma of Washington House currently filled) These buildings have been cash cows for them with waiting lists to fill any vacancies. Main building is currently condemned from a fire and needs repaired before renting again to all units. Structural fire damage is contained to 2-3 bedrooms and some smoke damage throughout other parts of 1st and 2nd floor. The 1st floor and 3rd floor was virtually unaffected except for smoke smell. Rear parking lot has 15 parking spaces, with 2 additional spaces in front of the 5-unit building, for a total of 17 spaces. See supporting docs for repair costs, financial analysis, building layouts.....this will not last long, schedule your showing today!

Listing Courtesy of Coldwell Banker 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.

The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.

features

lot description
Level

PROPERTY INFORMATION

Cooling
Window Unit(s)
Heating
Hot Water & Baseboard - Electric
Parking Description
Paved Parking
Sewer
Public Sewer

EXTERIOR

Lot Description
Level, Road Frontage
Roofing
Rubber

INTERIOR

Flooring
Hardwood, Vinyl

ADDITIONAL INFORMATION

Body of Water
Public
This Manheim Commercial is for Sale at $1,200,000 and was built in 1876. Has on a lot of .33 Acres.

 

Coldwell Banker Realty

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