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    128 Main St Spring Grove, PA 17362

    Sponsored
    For Sale
    $990,000

    11-Unit Multifamily, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property, located at 128 S Main St in Spring Grove, Pennsylvania (zip code 17362), presents a compelling investment opportunity. The three-story building, situated on a 10,634 square foot lot, boasts 11 rental units: nine one-bedroom units and one efficiency apartment. The former Spring Grove Hotel, occupying the first floor, offers a sizable space previously used as a bar and restaurant, currently vacant and available for lease. Some kitchen equipment is included in the sale. The first floor features gas, forced-air heating, and central air conditioning (FHA and CAC). The upper floors, housing the residential units, have heating systems; the second floor has heat only. The property offers off-street parking for approximately eight vehicles. The roof was recently replaced in 2017. The building is zoned Village. The annual real estate taxes are $7,657. The asking price for this 11-unit multifamily property is $990,000, representing a price per unit of $90,000. The landlord currently pays all utilities. This property offers a unique blend of commercial and residential income streams, making it an attractive addition to any investment portfolio. The large lot size and prime location in Spring Grove, York County, PA, further enhance its value and potential for future growth.

    Property Features for 128 Main St

    General Information

    Property type
    Multifamily properties
    Class
    C

    Building Details

    Stories
    3
    Units
    11

    HighLights

    • $990,000 asking price for this mixed‑use multifamily property.
    • Eleven units total: nine 1‑bedroom units and one efficiency apartment.
    • Three‑story building on a 10,634 sq ft lot in Spring Grove, PA.
    • Class C property with Village zoning.
    • Former bar/restaurant space on the first floor available for lease; some kitchen equipment included.
    • Off‑street parking for approximately eight vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Gym & Fitness Daycare Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spring Grove
    County
    York
    State
    Pennsylvania
    Longitude
    -76.8655874
    Latitude
    39.8726887

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    Nearby Similar for Sale

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      Spring Grove Restaurant - Turnkey Opportunity

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    FAQs

    What type of property is this?
    Multifamily property - 11-Unit Multifamily, High ROI Potential
    Where is this multifamily property located?
    The property is located at 128 Main St Spring Grove, PA.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: $990,000 asking price for this mixed-use multifamily property.; Eleven units total: nine 1-bedroom units and one efficiency apartment.; Three-story building on a 10,634 sq ft lot in Spring Grove, PA.
    (717) 843-5555
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    128 Main St Spring Grove, PA 17362
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    Spring Grove, PA 17362
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    128 Main St Spring Grove, PA 17362
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