1 Charlotte St Manheim, PA 17545

Property Details for 1 Charlotte St

Year built

1900

Construction

BRICK

Lot size

0.28 lot acres

Property size

11,125 SF

Zone code

CBD

Property type

Retail space

APN

400-82953-0-0000

APU

4008295300000

Description

This iconic, restored brick building in Manheim's Market Square presents a remarkable mixed-use investment opportunity. Boasting a nearly 12% cap rate, the property features a high-visibility corner lot with 8,000 daily vehicles passing by. The building comprises a large first-floor commercial space (currently available for lease at $2,500/month + NNN, or with a 10-year commitment and a $65/sqft build-out allowance totaling $277,745 + NNN), ideal for a restaurant or cafГ©, and a fully occupied 25-unit boarding house on the second and third floors. The commercial space features large arched windows, a new paver patio perfect for outdoor seating, exposed beams, and brick. The boarding house units, most with updated LVP flooring, rent for $160-$185 per week, with tenants paying all utilities. There's also a separate suite renting for $270 per week with a full kitchen and loft. The property includes 12 parking spaces in the rear lot, plus ample street parking. Significant recent upgrades include new metal and architectural shingle roofs, a new rubber roof, fresh exterior paint, new windows, upgraded electrical and plumbing systems, and a two-year-old HVAC system. A hardwired security system, two gas furnaces, and new central air conditioning are also featured. The 0.28-acre lot and 12,800 square feet of building space offer substantial potential. This property is ready for a new owner to capitalize on its strong income stream and prime location.

Location Insight

City

Manheim

County

Lancaster

State

Pennsylvania

Longitude

-76.3963

Latitude

40.1625

CBSA code

29540

CBSA name

LANCASTER, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments