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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. 95% 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! ***Seller is willing to seller finance in the form of a second mortgage.***
Property Type(s):
Commercial
| Last Updated | 1/6/2025 | Year Built | 1906 |
|---|---|---|---|
| Community | Dallastown Boro (15256) | County | YORK |
SCHOOLS
| School District | DALLASTOWN AREA |
|---|
Price History
| Prior to Oct 16, '24 | $2,430,000 |
|---|---|
| Oct 16, '24 - Jan 6, '25 | $2,160,000 |
| Jan 6, '25 - Today | $1,995,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | Dallastown Boro (15256) |
| CONSTRUCTION | Brick |
| HEAT | None |
| LOT | 0.33 acre(s) |
| PARKING | None |
| SEWER | Public Sewer |
| TAXES | 9667 |
| WATER | Public |
| ZONING | Residential Town district / pre existing nonconforming use |
Location
Listing provided by Iron Valley Real Estate of York County
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Data last updated: 3/14/25 11:59 AM PDT
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