For Sale
$1,975,837

1 Mill RdNewville, PA 17241

High-yield investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail investment opportunity in Newville, Pennsylvania, presents a 14,855 square foot building on a 2.04-acre lot. The property boasts a prominent location at 1 Mill Road, featuring a Dollar General as the anchor tenant, along with additional tenants. Built in 2013, this single-story building offers 16-foot ceilings and ample parking (49 spaces). The property's current Net Operating Income (NOI) is $133,369, yielding a 6.75% cap rate, with a pro-forma NOI of $158,146.71 and an 8.00% pro-forma cap rate. The asking price is $1,975,837, translating to $133.01 per square foot. The property is zoned Commercial General and includes approximately 1,763 square feet of additional leasable space. Its strategic location near local schools and major roadways ensures high visibility and accessibility. This investment offers a strong return with a stable, national tenant and potential for future income growth. The property's Parcel Number (APN) is 46-07-0481-041. This is a multi-tenant property situated in a growing community in Cumberland County, Pennsylvania, with convenient access to Carlisle Road and Mill Road.

Highlights

  • Prime location in Newville, PA, near national retailers and a major grocery store.
  • Strong market growth in Newville, with increasing population and employment.
  • Less than one mile from three local schools.
  • Convenient access via Mill Road and Carlisle Road.

Property Details for 1 Mill Rd

Property type
Warehouses, Retail properties
Square Feet
14,855 SF
Year Built
2013
Buildings
1
Stories
1
Lot Size (sq. ft)
88,862 SF

Location Insight

City
Newville
County
Cumberland
State
Pennsylvania
Latitude
40.1782419
Longitude
-77.3892559
1 Mill Rd, Newville, Pennsylvania

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1 Mill Rd
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