For Lease
$9.95/SF/YR

105 High StManheim, PA 17545

Prime Multifamily Development Opportunity in Manheim

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 1.27-acre property, located at 105 E High St in Lancaster County, presents a unique redevelopment opportunity. The former Stiegel Elementary School, a single-tenant building with a footprint ranging from 60,000 to 80,000 square feet, is zoned residential. Previously approved for multifamily development, the property boasts complete and readily available documentation including zoning plans and building permits, significantly streamlining the redevelopment process. While initial approvals have expired due to project delays stemming from the onset of the COVID-19 pandemic, the existing paperwork should expedite the re-approval process, minimizing costs and time. The potential for 34-36 apartment units makes this a highly attractive investment in a desirable Manheim, PA location. This is a chance to capitalize on a pre-approved project, leveraging existing plans and documentation to create a significant multifamily development. The property's size and location offer substantial potential for a developer seeking a streamlined path to a profitable project. The existing building's substantial size provides ample space for a large-scale development. This is a rare opportunity to acquire a property with a significant head start on the development process.

Highlights

  • Special Purpose Property: Former Stiegel Elementary School, suitable for multifamily development.
  • Single-tenant property.
  • 1.27-acre lot.
  • Located in Manheim, PA, Lancaster County.
  • Zoned Residential.
  • Existing plans and approvals available, simplifying redevelopment.

Property Details for 105 High St

Property type
Specialty properties, Schools
RSF (Rentable sq. ft)
80,000 SF

Unit(s) available at that property

Space
Size
80,000 SF
Rate per SF
$9.95

Location Insight

City
Manheim
County
Lancaster
State
Pennsylvania
Latitude
40.1647472
Longitude
-76.3928006
105 High St, Manheim, Pennsylvania

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105 High St
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