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2617-26219 Herr St 7,047 SF 100% Leased Retail Building Harrisburg, PA 17103 $1,500,000 ($212.86/SF) 9.10% Cap Rate



INVESTMENT HIGHLIGHTS
- Twelve diverse income streams including a daycare, church, duplex, triplex, single-family home, two mobile homes, and flex space
- Value-add opportunity to increase revenue by converting the 6-bed, 3-bath
- Strong in-place cash flow producing a 9.1% cap rate with consistent occupancy and reliable tenant demand.
EXECUTIVE SUMMARY
NAI CIR is pleased to present the rare opportunity to acquire a stabilized, high-performing cash-flow portfolio located at 2617–2629 Herr Street in Penbrook Borough, Pennsylvania. The portfolio includes a daycare, church, duplex, triplex, single-family home, two (2) mobile homes, and one (1) flex/industrial space, offering a blend of residential, commercial, and specialty uses that drive strong occupancy and steady performance. Additional upside remains through strategic rent optimization, including the opportunity to significantly increase income by converting the 6- bedroom, 3-bath single-family home into a triplex, creating multiple new revenue streams on an already stabilized asset.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
7,047 SF
Building Class
C
Year Built
1981
Price
$1,500,000
Price Per SF
$212.86
Cap Rate
9.10%
NOI
$136,553
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.90
Lot Size
0.18 AC
Zoning
Commercial - Commercial Zoning
Frontage
34’ on Herr Street
Walk Score®
Very Walkable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $206,400 | |
| Land Assessment | $41,600 | Total Assessment | $248,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$41,600
Improvements Assessment
$206,400
Total Assessment
$248,000
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2617-26219 Herr St
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