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REO Manheim Marketplace 51 N Main St 25,974 SF 100% Leased Retail Building Manheim, PA 17545 $6,281,640 CAD ($241.84 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Mixed-use asset with retail and residential components
- Fully renovated in 2018–2019 including roofs, windows, and major systems
- Approximately 26,000 leasable square feet on 1.4 acres
- Located along Main Street (Route 72) in Manheim Borough, Lancaster County
EXECUTIVE SUMMARY
REO Manheim Marketplace is situated along Main Street (Route 72) in Manheim Borough and features nearly 26,000 leasable square feet on 1.4 acres. All major systems, including windows, roofs, electrical and HVAC, have been replaced within the last 6 to 7 years. The property is leased to four commercial tenants and two residential units, currently being utilized as Airbnb's. The property also offers onsite parking for 50 vehicles. This fully leased, well-established commercial property is the town's hub. Current tenants include Mill72 Bake Shop & Cafe , Artifice Ales & Mead, Twisted Sisters Ice Cream & Handmade Chocolates and Prussian Street Arcade. With its prime location and high visibility, this property is an excellent investment opportunity.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
25,974 SF
Building Class
C
Year Built
1929
Price
$6,281,640 CAD
Price Per SF
$241.84 CAD
Cap Rate
6%
NOI
$376,898 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.43
Lot Size
1.40 AC
Zoning
CBD - Central business district. Zoning district area with a high level of economic and commercial activity, located centrally to transportation
Parking
50 Spaces (1.93 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Courtyard
- Restaurant
- Air Conditioning
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 400-96968-0-0000 | Total Assessment | $1,827,957 CAD (2025) |
| Land Assessment | $128,704 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,699,253 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
400-96968-0-0000
Land Assessment
$128,704 CAD (2025)
Improvements Assessment
$1,699,253 CAD (2025)
Total Assessment
$1,827,957 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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Presented by
Bob Swayne
REO Manheim Marketplace | 51 N Main St
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