51 N Main St - Retail FOR SALE


Manheim, PA 17545
$4,500,000 USD
717-665-3333
51 N Main St, Manheim, PA for Sale
$4,500,000 USD
Retail - FOR SALE
1/64
null | 6% Cap Rate

51 N Main St
Manheim, PA 17545


HIGHLIGHTS

  • Mixed-use asset with retail and residential components
  • Approximately 26,000 leasable square feet on 1.4 acres
  • Fully renovated in 2018–2019 including roofs, windows, and major systems
  • Located along Main Street (Route 72) in Manheim Borough, Lancaster County

OVERVIEW

REO Manheim Marketplace is situated along Main Street (Route 72) in Manheim Borough and features nearly 26,000 leasable square feet on 1.4 acres. All major systems, including windows, roofs, electrical and HVAC, have been replaced within the last 6 to 7 years. The property is leased to four commercial tenants and two residential units, currently being utilized as Airbnb's. The property also offers onsite parking for 50 vehicles. This fully leased, well-established commercial property is the town's hub. Current tenants include Mill72 Bake Shop & Cafe , Artifice Ales & Mead, Twisted Sisters Ice Cream & Handmade Chocolates and Prussian Street Arcade. With its prime location and high visibility, this property is an excellent investment opportunity.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$173 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

REO Manheim Marketplace

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

CBD

APN/PARCEL ID

400-96968-0-0000

ASK ABOUT THIS PROPERTY

Bob SwayneBob SwayneMore Info
717-665-3333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Bob SwayneBob SwayneMore Info
717-665-3333

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.