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41-43 W Main St 4,500 SF 100% Leased Retail Building Mechanicsburg, PA 17055 $649,000 ($144.22/SF) 9.09% Cap Rate
EXECUTIVE SUMMARY
The Mechanicsburg Bank Building represents a unique investment opportunity in the thriving community of Downtown Mechanicsburg, offering a fully occupied property consisting of two first floor commercial suites, three spacious upper floor apartment units, and 12 off-street parking spaces. The primary first floor tenant, Kanagawa, is a well-regarded Japanese restaurant boasting 4.7 stars with nearly 300 reviews on Google (lease expires in January 2028). The restaurant’s success suggests a strong probability of extending their lease if desired by new ownership.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,500 SF
Building Class
B
Year Built/Renovated
1876/2005
Price
$649,000
Price Per SF
$144.22
Cap Rate
9.09%
NOI
$58,994
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.41
Lot Size
0.25 AC
Zoning
CBD - Central Business District
Parking
12 Spaces (2.67 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Security System
- Signage
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-23-0565-014 | Improvements Assessment | $231,500 |
| Land Assessment | $100,200 | Total Assessment | $331,700 |
PROPERTY TAXES
Parcel Number
16-23-0565-014
Land Assessment
$100,200
Improvements Assessment
$231,500
Total Assessment
$331,700
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41-43 W Main St
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