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1/23
116 Auction Road, Manheim, PA 17545
$500,000
116 Auction Road, Manheim, PA 17545View this property at 116 Auction Road, Manheim, PA 17545
116 Auction RoadManheimPA17545
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1/23
Property Description
Welcome to Auction Rd, where the prime location meets great investment opportunities! This commercial property is a savvy investor's dream, boasting multiple income streams and a strategic location near the Manheim Auto Auction. Currently generating $3,000 per month in rental income, this property consists of three distinct units, each contributing to the incoming cash flow. The upstairs 1-bedroom 1-bath unit rents for $800, the downstairs 3-bedroom 1-bath unit rents for $1,250, and the office space, complete with a working wood-burning fireplace and its own bathroom rents for $950. All leases are on a month-to-month basis, allowing the new owner the flexibility to adjust arrangements if needed. The limited commercial zoning, with a special exception for a car dealership, adds a layer of versatility to the property, while also being a great option for other various business ventures. Noteworthy is the fact that the property is parceled as two lots. The removal of an old home on lot 104 was necessitated by a collapsing basement wall, presenting the opportunity for new construction if desired on this lot as well. The opportunity to either purchase the entire property and use as one or develop the second plot enhances the investment potential. This is a strategic investment opportunity that guarantees immediate returns with existing tenants while also providing an excellent platform for a business to thrive given the proximity to the auto auction and other local business in the Manheim area. While also being positioned to capitalize on the constant flow of business in the area. Don't miss out on this exceptional opportunity - seize the moment while the sellers has a sudden opportunity out of state. They are selling 104, 116 Auction Rd that are great income properties for him as well as 26 Hart St in Manheim. If you are looking to expand your portfolio currently, don't miss the chance to explore this promising opportunity.
Full Property Details
Full Property Details for 116 Auction Rd
General
- Price: $500,000
- Taxes: $3,608 (2022)
- Status: Active
- Type: Commercial
- MLS ID: PALA2047096
- Updated: 3/21/2024
- Added to Site: 82 day(s) ago
Business
- Business Type: Auto Related
Parking
- Total Spaces: 50
- Parking Type: Driveway, Parking Lot
Location
- Area: Penn Twp (10550)
- Municipality: PENN TWP
- County: Lancaster
- Driving Directions: From Lancaster, north on Manheim Pike (Route 72), turn right on Auction Rd. ( at Manheim Auto Auction), properties on the right.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric, Baseboard - Hot Water
- Heating Fuel: Oil
- Water Heater: Electric
Utilities
- Sewer: On Site Septic
- Water: Public
Structural Information
- Construction: Frame
- Stories/Levels: 0
- Year Built: 1954
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.25
- Lot Size (Sq. Ft.): 10,890
- Lot Size Source: Assessor
- Lot Dimensions: 0.00 x 0.00
- Zoning: LIMITED COMMERCIAL
Financial Considerations
- Price Per Sq. Ft.: $153.94
- Assessment Year: 2023
- School Tax: $2,839
- City/TownTax: $253
- City/TownTax Freq: Annually
- County Tax: $515
- County Tax Freq: Annually
- Tax w/Assessment: $177,000
- Tax Amount: $3,608
- Tax Year: 2022
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: Fee Simple
Listed by Iron Valley Real Estate, Nichole Lynn Shultz
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Schools
Schools serving 116 Auction Rd
School District:Manheim Central School District
Rating | Name | Grades | Distance |
---|---|---|---|
400 Adele Ave, Manheim, PA 17545 | 9-12 | 2.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 116 Auction Rd
Date
Details
Price
Change
Source
2/15/2024
Listed
$500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 116 Auction Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,609
5%
$177,000
—
2023
$3,442
—
$177,000
—
2022
$3,442
2%
$177,000
—
2021
$3,364
—
$177,000
—
2020
$3,364
2%
$177,000
—
2019
$3,306
-16%
$177,000
—
2018
$3,915
17%
$177,000
24%
2017
$3,333
2%
$143,000
—
2016
$3,274
1%
$143,000
—
2015
$3,249
1%
$143,000
—
2014
$3,219
—
$143,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 116 Auction Rd
116 Auction Road, Manheim, PA 17545 (MLS# PALA2047096) is a Commercial property. 116 Auction Road is currently listed for $500,000 and was received on February 15, 2024. Want to learn more about 116 Auction Road? Do you have questions about finding other Commercial real estate for sale in Manheim? You can browse all Manheim real estate or contact a Coldwell Banker agent to request more information.