For Sale
$1,995,000

112 Walnut StDallastown, PA 17313

High-Occupancy, Value-Add Potential

Overview

Added:
Feb 3
Days on market:
61
This exceptional 180-unit self-storage facility, situated on a 0.33-acre corner lot in the heart of Dallastown, Pennsylvania, presents a compelling investment opportunity. Boasting 31,498 square feet, the property enjoys a highly desirable non-conforming status, preventing future competition. Currently operating at 95% occupancy with below-market rents, this facility offers significant upside potential. Value-add strategies include raising rents to market rates, leasing vacant units, and developing the 4,000-square-foot second floor into additional storage space. Recent capital improvements, completed in 2022, include a $90,000 blacktop road resurfacing and a $20,000 keyless entry system upgrade. The sale includes a website, security cameras, the keyless entry system, and an elevator shaft connecting the ground and second floors. The property is being offered at a 7.7% cap rate based on actual financial performance. Detailed financial statements, a property survey, and a clean environmental Phase 1 report are available upon request. The seller, currently divesting from this asset, is open to seller financing via a second mortgage, making this an even more attractive proposition for qualified buyers. This presents a rare chance to acquire a well-established, high-performing self-storage facility with substantial room for growth and increased profitability.

Property Details for 112 Walnut St

Property type
Year Built
1906
Lot Size (sq. ft)
14,375 SF

Location Insight

City
Dallastown
County
York
State
Pennsylvania
Latitude
39.89959
Longitude
-76.6451
112 Walnut St, Dallastown, Pennsylvania

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112 Walnut St
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