112 Walnut St Dallastown, PA 17313

Exceptional investment opportunity: This 180-unit self-storage facility in Dallastown, PA, presents a compelling investment prospect. Located at 112 S Walnut St, this property boasts 31,498 square feet on a 14,401 square foot lot, currently operating at over 90% occupancy. The facility generates a substantial net operating income (NOI) of $145,765, yielding a 6.75% capitalization rate. The property's unique zoning as a pre-existing non-conforming use within a residential town district provides a significant competitive advantage, preventing the construction of competing facilities without special exceptions. This presents a rare opportunity for growth. Current rents are below market, offering immediate potential for revenue enhancement by increasing rental rates. Additionally, there's significant upside potential through the lease or development of approximately 4,000 square feet of underutilized second-floor space into additional storage units. Recent capital improvements, including a new blacktop ($90,000) and keyless entry system ($20,000) completed in 2022, further enhance the property's value. The sale includes the existing website, security cameras, keyless entry system, and an elevator shaft. Financial statements, a property survey, and a clean environmental Phase 1 report are available upon request. This is a turnkey operation ideal for an experienced operator seeking to maximize returns and capitalize on the inherent growth potential. Asking price: $2,160,000.