217 S MAIN STREET, Manheim, PA 17545

Building Details

Year Built 1918 More

Buildings 1 More

Building Size 8,555 SF More

Tenancy Multi More

Listing Agency: U.S. Commercial Realty m***@uscommercialrealty.net Show Phone

Listed By: Aaron Robert Skelly · License PA RS354990 Show Phone

Source: Cummingsrealtors

Added: Aug 6 Changed: Nov 8 Last Checked: Nov 8 at 5:46AM

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Investment Insights

Based on property information with market context.

This flex building at 217 S Main Street combines office areas with warehouse space within an approximately 8,555 SF footprint. Two drive-in doors provide direct vehicle access to the building. Constructed in 1918, the property is currently occupied by three tenants, including two small front-office occupants and the owner-operated Country Tire Barn in the balance of the building. The owner may vacate for a user.

The property carries Highway Commercial zoning in Manheim Borough. Its position along S Main Street places the office areas at the front of the building, with warehousing space behind. The existing division between office and warehouse functions supports a range of commercial configurations without adding unsupported assumptions about permitted operations.

Key Highlights

• +/- 8,555 SF flex building with office and warehousing space
• Two drive‑in doors service the building
• Highway Commercial zoning in Manheim Borough

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,856

Cap Rate

5.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,157,120 $1.2M

Cap Rate 7%

$826,514 $826.5K

Cap Rate 9%

$642,844 $642.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,555 SF

Gross rent

$73.7K $8.62/SF

− Vacancy

−$5.7K −$0.66/SF

EGI

$68.1K $7.96/SF

− OpEx

−$10.2K −$1.19/SF

NOI

$57.9K $6.76/SF

Area

Lancaster County, PA

Vacancy

7.70%

Lease Rate

$8.62 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,157,120

Cap Rate 7%

$826,514

Cap Rate 9%

$642,844

Alternative Uses

Best Use

Office B

$2.02M

$1.77M – $2.36M (±1% cap)

NOI $141,636 @ 7.0% cap · market cap 14.53%

Second Best

Retail

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,679 @ 7.0% cap · market cap 10.33%

Theoretical Best

Office A

$2.87M

$2.51M – $3.34M (±1% cap)

NOI $200,678 @ 7.0% cap · market cap 20.58%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Daycare Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Drive-in doors

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

503

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 17545, PA

22,718

Population

9,382

Households

2.4

Avg Household Size

42

Median Age

30%

College-Educated

90%

High-School Grad

69.8 sq mi

ZIP Area

325

Density / Sq Mi

$87,589

Median Household Income

$47,755

Median Earnings

$1,325

Median Rent

$271,600

Median Home Value

Market

Properties on Market for Flex space in Lancaster County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Office and warehouse areas create a versatile commercial configuration.

Where is this flex space located?

The property is located at 217 S MAIN STREET Manheim, PA.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: +/- 8,555 SF flex building with office and warehousing space; Two drive‑in doors service the building; Highway Commercial zoning in Manheim Borough