116 Auction Road Manheim, PA $ 500,000
116 Auction Road
$ 500,000
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116 Auction Road

Manheim, PA, 17545
$ 500,000
Bedrooms4 Baths2.0 Sq 2,260

Monthly Estimate*

$ 3,493

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Single Family Home for sale in Manheim, PA

for $500,000 with 4 bedrooms and 2 full baths. This 2,260 square foot home was built in 1954 on a lot size of 0.25.

Welcome to Auction Rd, where the perfect blend of prime location and lucrative business potential awaits! This commercial property isn't just an investment; it's a golden opportunity for an owner-operator to live and thrive in the heart of Manheim's bustling business district. This is conveniently located, and you would be steps away from your office space. This limited commercial property is in a strategic location near the Manheim Auto Auction. There upstairs 1-bedroom 1-bath unit and there is a downstairs 3-bedroom 1-bath unit, as well as an office space, complete with a working wood-burning fireplace and its own bathroom. All leases are on a month-to-month basis, allowing the new owner the flexibility to adjust arrangements if needed. The limited commercial zoning, with a special exception for a car dealership, adds a layer of versatility to the property, while also being a great option for other various business ventures. Noteworthy is the fact that the property is parceled as two lots. The removal of an old home on lot 104 was necessitated by a collapsing basement wall, presenting the opportunity for new construction if desired on this lot as well. The opportunity to either purchase the entire property and use as one or develop the second plot enhances the investment potential. This is a strategic investment opportunity that guarantees immediate returns with existing tenants while also providing an excellent platform for a business to thrive given the proximity to the auto auction and other local business in the Manheim area. While also being positioned to capitalize on the constant flow of business in the area. Don't miss out on this exceptional opportunity seize the moment while the sellers has a sudden opportunity out of state. They are selling 104, 116 Auction Rd that are great income properties for him as well as 26 Hart St in Manheim. If you are looking to expand your portfolio currently, don't miss the chance to explore this promising opportunity.

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Single Family Active

Price

$ 500,000

Bedrooms

4

Full Bath

2

Property Type

Single Family

Taxes

$ 3,608

Style

Lot Size

0.25

Year Built

1954

Town/City

Manheim

County/Region

Lancaster

MLS | Web ID

PALA2049518

Features
Interior
Heating Fuel Oil
Basement Full
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 1916
Full Baths 2
Street Suffix ROAD
Central Air Y/N N
Total Bedrooms 4
Below Grade Finished Area 344
Main Level Bedrooms 3
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Assessor
Above Grade Finished Area Source Assessor
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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General
Sewer On Site Septic
Heating Hot Water
Cooling None
Possession Settlement
Zoning D-1 LTD COMM
Pool Y/N No Pool
Architectural Style Other
Construction Materials Frame
Year Built 1954
Levels 2
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel None
Municipality PENN TWP
Accessibility None
County LANCASTER
New Construction N
Property Type Residential
HOA / Comm Assn N
Subdivision Name MANHEIM AUTO AUCTION
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions From Lancaster north on Manheim Pike (Route 72) turn right on Auction Rd. ( at Manheim Auto Auction) properties on the right.
City MANHEIM
Buyer Agent Compensation 2.5
Senior Community Y/N N
Zoning Description Mixed Use Residential Limited Commercial and has special acceptance for car dealership in office space.
MLS Area Penn Twp (10550)
Lot Size Square Feet 10890.00
Waterfront Y/N N
Street Name AUCTION
Tax Annual Amount 3608.0
Structure Type Detached
Condo/Coop Association Y/N N
Bathrooms Full Main Level 1
Bathrooms Count Main Level 1.00
Price Per Sq Ft 260.96
Vacation Rental Y/N N
Days on Market 5
Standard Status Active
Year Built Source Assessor
Buyer Agent Compensation Type % Of Gross
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Exterior
Water Source Public
Type of Parking Driveway Parking Lot
Foundation Details Concrete Perimeter
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.25
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 36500.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Iron Valley Real Estate

Broker

nicholeshultz@nicholeshultzrealestate.com

Email

Affordability Calculator

$3,793
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,493
Monthly Property Taxes
$301
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136987 Elementary School
4306055 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/12/2024$500,000 Listed Price

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116 Auction Road, Manheim, PA, 17545 is a Single Family Home for sale at $500,000 with 2,260 sqft and a lot size of 0.25. 116 Auction Road has 4 bedrooms, 2.0 baths, and was built in 1954. The property's zip code is 17545 which is in Manheim, PA