128 South Main St Spring Grove, PA 17362

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.