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1104-1106 N Herr St 23,892 SF 100% Leased Industrial Building Harrisburg, PA 17103 $799,000 ($33.44/SF) 4.95% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 3-unit property
  • $39527.52 NOI (2024)
  • Includes 2 dock doors and 2 drive-ins
  • +/- 18,692 SF auto repair shop, +/- 200 SF hair salon, +/- 5,000 SF for lease
  • Industrial zoning

EXECUTIVE SUMMARY

Available for sale is this income-producing commercial property with three tenants in place. Located in the City of Harrisburg, this investment provides a great opportunity for an investor or an owner-user, given the flexibility of the existing lease terms. While retail tenants have historically operated the commercial units facing Herr St, the industrial zoning allows for a wider variety of uses throughout the building. The off street parking area is currently being used for storage by the auto repair tenant, and one dock door and one drive-in each face this area. There are two off-street parking areas, one to the rear of the building and one across the alley, that this property's tenants currently rent. The owner of those lots will consider offers. The seller is open to financing for qualified buyers. Income and expenses are available with a signed confidentiality agreement. Contact the listing agent for more details.

PROPERTY FACTS Under Contract

Price $799,000
Price Per SF $33.44
Sale Type Investment or Owner User
Cap Rate 4.95%
Property Type Industrial
Property Subtype
Warehouse
  • General Retail Auto Repair
  • General Retail Storefront
  • FlexLight Distribution
Building Class C
Lot Size 0.55 AC
Rentable Building Area 23,892 SF
No. Stories 1
Year Built/Renovated 1920/2000
Parking Ratio 0.71/1,000 SF
Clear Ceiling Height 24’
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 2
Cross Streets Monroe St
Opportunity Zone Yes
Zoning Industrial - Industrial

AMENITIES

  • 24 Hour Access

UTILITIES

  • Lighting - Fluorescent
  • Gas
  • Water - City
  • Sewer - City
  • Heating - Gas

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl - 1
  • 18,692 SF
  • Industrial
  • Partial Build-Out
  • 30 Days

Great location.

  • 1st Fl - 2
  • 200 SF
  • Industrial
  • Partial Build-Out
  • 30 Days

Great location.

  • 1st Fl - 3
  • 5,000 SF
  • Industrial
  • Partial Build-Out
  • 30 Days

Great location.

Space Size Space Use Condition Available
1st Fl - 1 18,692 SF Industrial Partial Build-Out 30 Days
1st Fl - 2 200 SF Industrial Partial Build-Out 30 Days
1st Fl - 3 5,000 SF Industrial Partial Build-Out 30 Days

1st Fl - 1

Size
18,692 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
30 Days

1st Fl - 2

Size
200 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
30 Days

1st Fl - 3

Size
5,000 SF
Space Use
Industrial
Condition
Partial Build-Out
Available
30 Days

1st Fl - 1

Size 18,692 SF
Space Use Industrial
Condition Partial Build-Out
Available 30 Days

Great location.

1st Fl - 2

Size 200 SF
Space Use Industrial
Condition Partial Build-Out
Available 30 Days

Great location.

1st Fl - 3

Size 5,000 SF
Space Use Industrial
Condition Partial Build-Out
Available 30 Days

Great location.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-073-045
Land Assessment
$45,800
Improvements Assessment
$183,100
Total Assessment
$228,900
  • Listing ID: 33660656

  • Date on Market: 10/28/2024

  • Last Updated:

  • Address: 1104-1106 N Herr St, Harrisburg, PA 17103

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