For Sale
$1,499,900

1 Charlotte StManheim, PA 17545

Historic landmark, high-traffic location.

Overview

Added:
Feb 3
Days on market:
60
This iconic, restored brick building in Manheim's Market Square presents a remarkable mixed-use investment opportunity. Boasting a nearly 12% cap rate, the property features a high-visibility corner lot with 8,000 daily vehicles passing by. The building comprises a large first-floor commercial space (currently available for lease at $2,500/month + NNN, or with a 10-year commitment and a $65/sqft build-out allowance totaling $277,745 + NNN), ideal for a restaurant or cafГ©, and a fully occupied 25-unit boarding house on the second and third floors. The commercial space features large arched windows, a new paver patio perfect for outdoor seating, exposed beams, and brick. The boarding house units, most with updated LVP flooring, rent for $160-$185 per week, with tenants paying all utilities. There's also a separate suite renting for $270 per week with a full kitchen and loft. The property includes 12 parking spaces in the rear lot, plus ample street parking. Significant recent upgrades include new metal and architectural shingle roofs, a new rubber roof, fresh exterior paint, new windows, upgraded electrical and plumbing systems, and a two-year-old HVAC system. A hardwired security system, two gas furnaces, and new central air conditioning are also featured. The 0.28-acre lot and 12,800 square feet of building space offer substantial potential. This property is ready for a new owner to capitalize on its strong income stream and prime location.

Property Details for 1 Charlotte St

Property type
Mixed-use properties
Square Feet
12,800 SF
Year Built
1900
Lot Size (sq. ft)
12,197 SF

Location Insight

City
Manheim
County
Lancaster
State
Pennsylvania
Latitude
40.16254
Longitude
-76.39642
1 Charlotte St, Manheim, Pennsylvania

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1 Charlotte St
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