112 S WALNUT ST, Dallastown, PA 17313 – PAYK2069838 - Joseph Lam

Listed by Brittani Snyder • Iron Valley Real Estate of York County
Bought with NON MEMBER • Non Subscribing Office

$1,875,000

$1,995,000 6.0%

Est. payment - /mo

0.33 Acres Lot

UPDATED:

Key Details

Sold Price $1,875,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PAYK2069838

Year Built 1906

Annual Tax Amount $9,667

Tax Year 2025

Lot Size 0.331 Acres

Property Sub-Type Other

Property Description

***Seller is willing to seller finance.*** (Terms up to 1mm at 5-5.5% interest)

180-unit self storage facility located on a corner lot in the heart of Dallastown, PA.

D-town Mini Storage is uniquely positioned due to its pre-existing non-conforming status. No other storage facilities can be built in this area without a special exception.

31,498 total square feet.

Being sold at a 7.7% cap rate based on actual numbers.

98% occupancy.

Value add opportunities include under market rents, renting empty units, and renting or building out 4,000 sq ft second floor into more storage units. D-town Mini Storage typically has the lowest rents in town. The seller, a mobile home park operator, is divesting from his only self storage facility, creating an ideal opportunity for a skilled operator to maximize the property's potential. There is significant room for revenue growth and increased property value.

Recent capital improvements include newly blacktopped roads ($90K) and keyless entry ($20k). Both completed in 2022.

Included in the sale are: website, security cameras, keyless entry security system and elevator shaft connecting the ground to the second floor.

Financials, property survey, and clean environmental phase 1 report, available upon request. Contact us today for more information!

Location

State PA

County York

Area Dallastown Boro (15256)

Zoning RESIDENTIAL TOWN DISTRICT

Interior

Hot Water None

Heating None

Cooling None

Exterior

Water Access N

Roof Type Shingle

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Dallastown Area

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Joseph Lam

+1(856) 305-8329

Broker Associate | License ID: 0682262

Broker Associate License ID: 0682262

112 S WALNUT ST Dallastown, PA 17313