252 N Franklin Street

    RED LION, PA 17356
    • $795,000
    • STATUS: Active
    • ON SITE: 67 days
    • ID#: PAYK125946
    UPDATED: 140 min ago
    $795,000
    • 0
      BEDS
    • 2.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1910
    County:

    School Ratings & Info

    School District:

    Description

    Industrial investment property located in Red Lion Borough, York County, PA. Kimball International (stock symbol KBAL) acquired the assets of The David Edward Company Ltd. (doing business as David Edward). In turn they created a wholly owned division called David Edward Furniture, Inc. The property owner Red Lion LLC retained the real estate which David Edward Furniture, Inc. is leasing for an initial 5 year term at a current annual rent of $144,000.00 NNN. David Edward has been in business at this location for approximately 38 years. This well maintained property is composed of three parcels totaling 3.61 acres, the main 126,860 sf 3-story building is situated on approximately 2.40 acres zoned industrial, a parcel to the rear with 4,750 sf pole building zoned industrial, and a noncontiguous parcel zoned residential across the street serves as a parking lot for approximately 40 vehicles plus there is additional parking to the rear of main building. The main building has office space on third floor consisting of a reception area, private offices, bullpen area, conference room, and copy room. The manufacturing area offers three docks, one grade level door, two large freight elevators, sprinklered (wet), rest rooms on each floor, good clear heights and column spacing throughout, well maintained roof, ample three phase power with two services (240V, 600amps & 480V, 600amps), and the building is heated primarily by scrap wood, secondary is oil. Sale also includes parcel 67-82-000-05-0077-A0-00000 & 67-82-000-05-0053-B0-00000. David Edward is a premier designer and manufacturer of contract furniture, sold in the healthcare, corporate, education and premium hospitality markets. David Edward sells primarily in the North American and Middle Eastern markets. Real Estate Taxes $31,635.

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    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-12-09T23:51:05.527.
    www.balihomes-md.com/homes/99559226

    252 N Franklin Street RED LION, PA 17356

    • Price: $795,000
    • Status: Active
    • Updated: 140 min ago
    • ID#: PAYK125946
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.4
    Acres
    1910
    Built
    Neighborhood:
    Red Lion Boro (15282)
    County:
    York
    Area:
    Red Lion Boro (15282)
    School District:
    Red Lion Area
    Property Description
    Industrial investment property located in Red Lion Borough, York County, PA. Kimball International (stock symbol KBAL) acquired the assets of The David Edward Company Ltd. (doing business as David Edward). In turn they created a wholly owned division called David Edward Furniture, Inc. The property owner Red Lion LLC retained the real estate which David Edward Furniture, Inc. is leasing for an initial 5 year term at a current annual rent of $144,000.00 NNN. David Edward has been in business at this location for approximately 38 years. This well maintained property is composed of three parcels totaling 3.61 acres, the main 126,860 sf 3-story building is situated on approximately 2.40 acres zoned industrial, a parcel to the rear with 4,750 sf pole building zoned industrial, and a noncontiguous parcel zoned residential across the street serves as a parking lot for approximately 40 vehicles plus there is additional parking to the rear of main building. The main building has office space on third floor consisting of a reception area, private offices, bullpen area, conference room, and copy room. The manufacturing area offers three docks, one grade level door, two large freight elevators, sprinklered (wet), rest rooms on each floor, good clear heights and column spacing throughout, well maintained roof, ample three phase power with two services (240V, 600amps & 480V, 600amps), and the building is heated primarily by scrap wood, secondary is oil. Sale also includes parcel 67-82-000-05-0077-A0-00000 & 67-82-000-05-0053-B0-00000. David Edward is a premier designer and manufacturer of contract furniture, sold in the healthcare, corporate, education and premium hospitality markets. David Edward sells primarily in the North American and Middle Eastern markets. Real Estate Taxes $31,635.
    Exterior Features

    Construction Materials Brick Garage YN No Parking Types On StreetParking Lot Riparian Rights YN No Road Responsibility Boro/Township Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Building Area Total 127860.00 Cooling Central A/C Flooring ConcreteWood Heating Wood Burn StoveCentralOther Heating YN Yes Net Square Feet 126860.00

    Property Features

    Acceptable Financing CashConventionalExchange Accessibility Features None Assessment Year 2019 Association YN No Business Type Manufacturing Central Air YN Yes Cooling Fuel Electric Heating Fuel OilWood Hot Water Electric Incorporated City Name Red Lion Boro Lease Considered YN No Load 1 - 5 Loading DocksDrive-In DoorGround Level Navigable Water YN N Net Operating Income 144000.00 New Construction YN No Number Of Units Total 3 Original MLSNumber 302086627875 Ownership Interest Fee Simple Possession Settlement Property Sub Type Industrial Sale Type Standard Section Red Lion Sewer Public Sewer Tax Annual Amount 29062.0 Tax Assessment Amount 980060.0 Tax Lot 0077 Vacation Rental YN No Water Source Public Zoning Industrial & Residential

    Listing courtesy of Bennett Williams Realty Inc.


    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-12-09T23:51:05.527.
     
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