Ignite FB Tracking Pixel112 S Walnut Street, Dallastown, PA 17313 - Justin Brown
Berkshire Hathaway HomeServices PenFed Realty
Justin Brown, Berkshire Hathaway HomeServices PenFed RealtyPhone: (540) 273-6501
Email: [email protected]
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listing
1 of 54
CommercialFor Sale
$2,430,000
112 S Walnut Street
Dallastown, PA 17313
Listed by: Iron Valley Real Estate Of York County, (717) 316-8777
MLS: Bright MLS
Est. Mortgage
$12,643/mo

180-unit self storage facility located on a corner lot in the heart of Dallastown, PA. 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% 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!

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This data is up-to-date as of 10/11/2024 01:12 AM. Listing provided by Brittani Snyder of Iron Valley Real Estate Of York County.
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