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429 Old York Road 429 Old York Road, New Cumberland, PA 17070`
Property Description
Rare and unique investment opportunity available in New Cumberland within Fairview Township. This property offers two buildings, a residential 4 bedroom, 1.5 bathroom Cape Cod style house, and a stand alone ± 11,000 industrial building/warehouse. Currently the Industrial building is occupied by a reliable long-term tenant with a 5-year lease. The long-term lease includes increasing rents, offering an attractive 8.5% CAP Rate. Situated near I-83, this property offers convenient access to Harrisburg and the central PA region.
Highlights
• Industrial warehouse leased by Capitol Tool Manufacturing (The Conrad Company) based in York, PA
• Tenant is currently on year two (2) of a five (5) year lease term.
• Potential for future user opportunity.
• Rare stand alone industrial investment
• Property includes a single family home rental with a current long term tenant
Building Class: B
Zoning: RS/Non Conforming Approved Use
County: York
Property ID: 857848
Traffic Count: 4,200 VPD VPD
Clearance Height: 12'4"