UPDATED:
10/16/2024 04:16 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID PAYK2069838
Originating Board BRIGHT
Year Built 1906
Annual Tax Amount $12,077
Tax Year 2024
Lot Size 0.331 Acres
Acres 0.33
Property Description
D-town Mini Storage is uniquely positioned due to its pre-existing non-conforming status. No other storage facilities can be built in this area without a special exception.
31,498 total square feet.
Being sold at a 6.75% cap rate based on actual numbers.
Physical and economic occupancy are both 90%+.
Value add opportunities include under market rents, renting empty units, and renting or building out 4,000 sq ft second floor into more storage units. D-town Mini Storage typically has the lowest rents in town. The seller, a mobile home park operator, is divesting from his only self storage facility, creating an ideal opportunity for a skilled operator to maximize the property’s potential. There is significant room for revenue growth and increased property value.
Recent capital improvements include newly blacktopped roads ($90K) and keyless entry ($20k). Both completed in 2022.
Included in the sale are: website, security cameras, keyless entry security system and elevator shaft connecting the ground to the second floor.
Financials, property survey, and clean environmental phase 1 report, available upon request. Contact us today for more information!
Location
State PA
County York
Area Dallastown Boro (15256)
Zoning RESIDENTIAL TOWN DISTRICT
Interior
Hot Water None
Heating None
Cooling None
Inclusions Keyless security system, security cameras, company website
Heat Source None
Exterior
Waterfront N
Water Access N
Roof Type Shingle
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Dallastown Area
Others
Tax ID 56-000-04-0392-00-00000
Ownership Fee Simple
SqFt Source Assessor
Security Features Main Entrance Lock,Exterior Cameras
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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