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1332 N 2nd St 10,190 SF 100% Leased Retail Building Harrisburg, PA 17102 $800,000 ($78.51/SF) 16.07% Cap Rate
Investment Highlights
- Prime Investment Opportunity in Midtown Harrisburg
- 5 apartments and 1 commercial space
- Large parking lot
Executive Summary
PRIME MIDTOWN INVESTMENT OPPORTUNITY - this property offers some definite potential for the savvy investor. Currently includes 5 apartments plus a 4,000 SF commercial suite on the first floor. LARGE parking lot with 35 parking spots plus a separate lot with an additional 11 parking spots. Projected NOI comes in at $128,859. See agent or associated docs for numbers breakdown. Property offers a lot of potential for the new buyer. Monetize the parking? Redevelop the parking? Find a commercial tenant or redevelop commercial space into new apartments? The possibilities are endless. Located right along 2nd St in desirable Midtown Harrisburg. New buyer to confirm the redevelopment or parking rentals with city. Reach out today for more information!
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
10,190 SF
Building Class
C
Year Built
1900
Price
$800,000
Price Per SF
$78.51
Cap Rate
16.07%
NOI
$128,589
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.40
Lot Size
0.58 AC
Zoning
Residential - Med Density - Medium Density
Parking
46 Spaces (4.51 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (80)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $261,400 | |
| Land Assessment | $150,500 | Total Assessment | $411,900 |
Property Taxes
Parcel Numbers
Land Assessment
$150,500
Improvements Assessment
$261,400
Total Assessment
$411,900
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1332 N 2nd St
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