401 Sherman StYork, PA 17403

Property Details for 401 Sherman St

Year built

1960

Lot size

9.40 AC

Property size (Sq ft)

2,352 SF

Zone code

ID

Property type

Retail space

APN

48-000-03-0151.00-00000

APU

480000301510000000

Description

This 5,250-square-foot warehouse in York County's Harrisburg/Lancaster submarket offers ample storage space for lease. Built in 1960, this single-story Class D building sits on a 9.4-acre lot and features a 13-foot ceiling height. The property includes one loading dock with a single dock-high door (8' x 8' opening, 3' high), providing convenient access for loading and unloading. Electrical service is single-phase, 100-amp for lighting only. Note that there are no restrooms or heating system in place. Parking is available for twelve vehicles. The zoning is IP-Industrial Park, allowing for various industrial uses. The property is suitable for a single tenant, offering the entire 5,250 square feet of contiguous space. The property's APN is 48-000-03-0151-00-00000. This is an excellent opportunity for businesses seeking functional and affordable warehouse space in a well-established industrial area. The property is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $468,906

  6.5%

  $432,836

  7%

  $401,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $211,856

  Geo Method

  $153,883

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $836,099

  Mixed-Use / Specialty

  $434,516

  Hospitality / Lodging

  $322,986

  Office

  $435,291

  Institutional / Educational

  $452,873

  Residential Income

  $529,861

  Multifamily

  $617,623

  Automotive / Energy

  $388,177

  Parking / Income-Based Land

  $130,771

  Restaurant / Food Service

  $232,872

  Healthcare / Senior Housing

  $442,283

Location Insight

City

York

County

York

State

Pennsylvania

Latitude

39.9757

Longitude

-76.7092

CBSA code

49620

CBSA name

YORK-HANOVER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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