For Sale
$2,200,000

1300 Market StLemoyne, PA 17043

3-Story Office Building, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 32,724 square foot office building, located at 1300 Market St, Lemoyne, PA 17043, presents a compelling value-add investment opportunity. The Class B property, situated on a 1.35-acre lot in Cumberland County, boasts a desirable West Shore location with excellent visibility on a main corridor across from West Shore Plaza. The building features 115 parking spaces and underwent renovations in 2019, including a new HVAC system, resurfaced parking lot and stairs, and a new Market Street entrance foyer. The property is zoned for commercial use and offers various suite sizes to attract a diverse tenant base. Its convenient location provides easy access to downtown Harrisburg, I-83, and Route 581, as well as numerous retail shops, restaurants, and financial institutions within walking distance. The building's multi-tenant occupancy allows for a strong cash flow, with a pro-forma NOI of $307,735 and a pro-forma cap rate of 14.00%. The asking price is $2,200,000 ($67.23/sq ft). Further enhancing its appeal, the owner has received a $130,000 grant (covering 50% of the cost) for solar panel installation, projected to reduce electricity expenses by 50% for the next 25 years. This presents a unique opportunity for owner-users or investors seeking a high-return property in a prime location. The lease type is modified, and the building consists of one three-story structure.

Highlights

  • Excellent access to Harrisburg's central business district, I-83, and Route 581.
  • Prime West Shore location.
  • Convenient walkability to retail, restaurants, and banks.
  • Recently renovated.

Property Details for 1300 Market St

Property type
Office properties, Office space
Square Feet
32,724 SF
Class
B
Year Renovated
2019
Buildings
1
Stories
3
Lot Size (sq. ft)
58,806 SF

Location Insight

City
Lemoyne
County
Cumberland
State
Pennsylvania
Latitude
40.241482155853
Longitude
-76.910203690141
1300 Market St, Lemoyne, Pennsylvania

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1300 Market St
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