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$1,348,888

  • Sold
  • Closed
  • Apartment
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Amazing mixed-use investment opportunity in Manheim's Market Square with 11% cap rate! Formally known as the Washington House, this historic landmark has been restored. High-visibility corner lot with 8,000/day traffic count. This iconic brick building is comprised of a large 1st floor commercial space + fully-occupied 25-unit boarding house on the 2nd & 3rd floors. The first floor commercial space is currently being offered as-is for $2,500/month + NN or with 10 year commitment and an allowance of $65/sqft to built it out ($277,745) + NN, and is the perfect blank canvas for a restaurant/cafe, etc. 1st Floor could be divided into 2-4 spaces to maximize rent potential. Large arched windows and a new paver patio extends across the front of the building, ideal for outdoor seating & high visibility. The open space features the rustic charm of exposed beams and brick. Rear parking lot includes 12 spaces + free street parking all around! See MLS #: PALA2053148 for more lease details. The 25-unit boarding house is fully-occupied with a waiting list to get in. Tenants pay flat weekly rate between $160-$185 per week, owner pays all utilities. Most units have been updated and feature newer LVP flooring. Benefit from many new upgrades including all new metal, architectural shingle, and rubber roofs, fully painted exterior, new windows throughout, upgraded electrical, newer plumbing, newer HVAC (2 years old)! Other highlights include hardwired security system, 2 gas furnaces, new central A/C. In addition, there is a suite that will rent our for $270 per week with a full kitchen and a loft. Schedule your private showing before it's too late!

Full Property Details for 1 S Charlotte St

General

  • Sold For: $1,348,888
  • Taxes: $8,355 (2024)
  • Status: Closed
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: PALA2063740
  • Added to Site: 356 day(s) ago

Business

  • Business Type: Apartment Building, Hair Salon and Spa, Health Club,

Interior

  • Flooring: Luxury Vinyl Plank, Vinyl

Additional Information

  • Security/Safety: Security System, Smoke Detector, Carbon Monoxide Detector(s)

Parking

  • Total Spaces: 12
  • Parking Features: Paved Parking, Private
  • Parking Type: Parking Lot, On Street

Location

  • Area: Manheim Boro (10540)
  • Municipality: MANHEIM BORO
  • County: LANCASTER
  • Cross Streets: Market Square
  • Driving Directions: Located in Manheim's Market Square. Take 772 into Manheim. Stay straight onto New Charlotte St, and turn onto S Charlotte St. Building is on the right side corner.
  • Traffic Count: 5000-9999
  • Location Details: Business District

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Electric, Natural Gas
  • Water Heater: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable TV Available, Natural Gas Available, Water Available, Sewer Available

Structural Information

  • Construction: Brick
  • Foundation: Block, Stone
  • Roof: Metal, Architectural Shingle, Rubber
  • Doors: Insulated, ENERGY STAR Qualified Door(s)
  • Building Size: 12800
  • Year Built: 1900
  • Year Built Source: Estimated
  • Property Condition: Very Good, Good

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3

Lot Features

  • Lot Size (Acres): 0.28
  • Lot Size (Sq. Ft.): 12,197
  • Lot Size Source: Estimated
  • Lot Dimensions: 198' x 70'
  • Frontage Feet: 268
  • Street/Road Desc.: Paved
  • Zoning: CENTRAL BUSINESS DISTRICT
  • Lot Description: Road Frontage, Corner

Financial Considerations

  • Price Per Sq. Ft.: $109.37
  • Operating Expenses: $73,543
  • Assessment Year: 2024
  • School Tax: $5,645
  • City/TownTax: $1,730
  • City/TownTax Freq: Annually
  • County Tax: $980
  • County Tax Freq: Annually
  • Tax w/Assessment: $336,700
  • Tax Amount: $8,355
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Investment: Yes

Meet the listing and selling agent

Meet the listing and selling agent
— 1 S Charlotte St —

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1 S Charlotte St

School District:Manheim Central School District
NameGradesDistance
Manheim Central Senior High School
400 East Adele Avenue, Manheim, PA 17545
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1 S Charlotte St

Date
Details
Price
Change
Source
11/28/2025
Sold
$1,348,888
-3.64%
MLS
5/29/2025
Price Reduced
$1,399,900
-3.45%
MLS
5/16/2025
Price Reduced
$1,449,900
-3.33%
MLS
1/30/2025
Listed
$1,499,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Just Listed near 1 S Charlotte St

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121 Pleasant View Dr, Lititz, PA 17543 - Photo 1 Just Listed
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121 Pleasant View Dr  Lititz, PA 17543

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Price Reduced near 1 S Charlotte St

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1460 Limestone Rdg, Landisville, PA 17538 - Photo 1 Price Reduced
-$10,000 (-1.6%)
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1460 Limestone Rdg  Landisville, PA 17538

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Listed by Cygnet Real Estate Inc., Thomas E Despard
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Listed by Kingsway Realty - Lancaster, Chad Hurst

1 S Charlotte Street, Manheim, PA 17545 (MLS# PALA2063740) is a Apartment property that was sold at $1,348,888 on November 28, 2025. This property was listed by David Wissler Team from our Lancaster Office.Want to learn more about 1 S Charlotte Street? Do you have questions about finding other Apartment real estate for sale in Manheim? You can browse all Manheim real estate or contact a Coldwell Banker agent to request more information.