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    1 Mill Rd Newville, PA 17241

    Sponsored
    For Sale
    $1,975,837

    High-yield investment, strong tenant.

    Property size:
    14,855 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail investment opportunity in Newville, Pennsylvania, presents a 14,855 square foot building on a 2.04-acre lot. The property boasts a prominent location at 1 Mill Road, featuring a Dollar General as the anchor tenant, along with additional tenants. Built in 2013, this single-story building offers 16-foot ceilings and ample parking (49 spaces). The property's current Net Operating Income (NOI) is $133,369, yielding a 6.75% cap rate, with a pro-forma NOI of $158,146.71 and an 8.00% pro-forma cap rate. The asking price is $1,975,837, translating to $133.01 per square foot. The property is zoned Commercial General and includes approximately 1,763 square feet of additional leasable space. Its strategic location near local schools and major roadways ensures high visibility and accessibility. This investment offers a strong return with a stable, national tenant and potential for future income growth. The property's Parcel Number (APN) is 46-07-0481-041. This is a multi-tenant property situated in a growing community in Cumberland County, Pennsylvania, with convenient access to Carlisle Road and Mill Road.

    Property Features for 1 Mill Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    14,855 SF
    Lot Size
    88,862 SF

    Building Details

    Year Built
    2013
    Buildings
    1
    Stories
    1

    HighLights

    • Prime location in Newville, PA, near national retailers and a major grocery store.
    • Strong market growth in Newville, with increasing population and employment.
    • Less than one mile from three local schools.
    • Convenient access via Mill Road and Carlisle Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Newville
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.3892559
    Latitude
    40.1782419

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Distribution property - High-yield investment, strong tenant.
    Where is this distribution property located?
    The property is located at 1 Mill Rd Newville, PA.
    What is the asking price?
    The asking price for this property is $1,975,837.
    What are key features of this property?
    This property features: Prime location in Newville, PA, near national retailers and a major grocery store.; Strong market growth in Newville, with increasing population and employment.; Less than one mile from three local schools.
    Request Owner's contact information
    1 Mill Rd Newville, PA 17241
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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
    1 Mill Rd Newville, PA 17241
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