116 AUCTION ROAD
MANHEIM, PA 17545

$500,000

Beds: 4
Baths: 2
Sq. Ft.: 2,260
Type: House
Listing #PALA2049518
Welcome to Auction Rd, where the perfect blend of prime location and lucrative business potential awaits! This commercial property isn't just an investment; it's a golden opportunity for an owner-operator to live and thrive in the heart of Manheim's bustling business district. This is conveniently located, and you would be steps away from your office space. This limited commercial property is in a strategic location near the Manheim Auto Auction. There upstairs 1-bedroom 1-bath unit and there is a downstairs 3-bedroom 1-bath unit, as well as an office space, complete with a working wood-burning fireplace and its own bathroom. 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.
Listing Courtesy of: Iron Valley Real Estate (717) 769-2986
Property Features
Location Information
County: LANCASTER
Municipality: PENN TWP
Latitude: 40.14020538
Longitude: -76.38652802
MLS Area: Penn Twp (10550)
Subdivision: MANHEIM AUTO AUCTION
Interior Features
Has Fireplace: No
Heating: Hot Water
Heating Fuel: Oil
Cooling: None
Water Heater: Electric
Basement Description: Full
Has Basement: Yes
Exterior Features
Style: Other
Stories: 2
Foundation: Concrete Perimeter
Possession: Settlement
Septic or Sewer: On Site Septic
Water: Public
Has Garage: No
Lot Size in Acres: 0.25
Lot Size in Sq. Ft.: 10,890
Zoning: D-1 LTD COMM
School
School District: MANHEIM CENTRAL
Additional Information
ListDate: 2024-04-12 00:00:00.0
Property SubType: Detached
Stories: 2
Year Built: 1954
Status: Active
Tax Year: 2022
Tax Amount: $3,608
Ownership Interest: Fee Simple


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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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