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22167335
22167336

199 W Stiegel St, Manheim, PA 17545 For Sale

JM
PA PA RS365967, PA
Bennett Williams Commercial
TT
PA PA RS167691L, RS 167691L
Bennett Williams Commercial Lancaster
Listed by Bennett Williams Commercial, Bennett Williams Commercial Lancaster
$2,349,000
503 days on market
Updated 12 days ago

199 W Stiegel

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 24,537
Cap Rate 9.08%
NOI $213,354
Tenancy Multi
Pro-Forma NOI $213,354
Buildings 4
Stories 2
Acreage 1.810
Zoning Industrial
Loading Docks 3
Dock High Doors 7

Industrial Buildings For Sale

Marketing description

This industrial property presents a versatile opportunity with four buildings (three industrial and one 2-story office) totaling 24,537 square feet on a 1.81-acre site. Property features 7 dock-high doors and 3 drive-ins. The largest building offers ±14,000 square feet of warehouse space and provides flexibility for an owner to occupy all or a portion for their business while leasing the remainder, or to lease the entire building as an income-producing investment. The two remaining industrial/auto garage are currently leased with flexible terms, allowing for conversion to NNN, rent increases, or the option for an owner to occupy the space for their own business use. The 2,472 square foot office building is currently owner occupied but will be vacated before settlement.

With level street-grade access, ample parking, and strong road frontage in Manheim, PA, this property is well-suited for a variety of auto, industrial, warehouse, or manufacturing uses. The combination of owner-occupied and income-generating tenant spaces makes it an attractive option for investors and business owners alike.

Building 1 ±14,000 square feet industrial/warehouse

Building 2 ±4,800 square feet industrial/warehouse

Building 3 ±5,150-square-foot metal-panel industrial building, currently utilized as an automotive repair garage, and a 400-square-foot storage garage.

Building 4 ±2,472-square-foot, two-story office building.

Listing Contacts

JM
PA PA RS365967, PA
Bennett Williams Commercial
TT
PA PA RS167691L, RS 167691L
Bennett Williams Commercial Lancaster
Listed by Bennett Williams Commercial, Bennett Williams Commercial Lancaster

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$213,354.00
$17,779.50/mo

Valuation Metrics

0
DSCR
9.08%
Cap Rate
9.08%
ROI

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Additional Information

Name
Joshua Miller, CCIM
License
PA RS365967
Name
Tom Troccoli
License
PA RS167691L
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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