3800 Market StCamp Hill, PA 17011

Property Details for 3800 Market St

Lot size

0.94 AC

Property size (Sq ft)

12,516 SF

Property type

Office buildings

APN

10-21-0275-098

APU

10210275098

Description

This stunning, newly constructed (2023) two-story office building at 3860 Market Street in Camp Hill, Pennsylvania, presents a unique investment opportunity. Boasting 3,000 square feet of net rentable space, this Class C building is currently vacant and available for immediate occupancy, with lease commencement on February 26, 2024. The property features a desirable executive office, medical office, or traditional office layout, adaptable to a variety of needs. The building offers ample natural light, restrooms on each floor, and a convenient coffee bar in the reception area. Rear spaces enjoy breathtaking views of the Conodoguinet Creek. The 0.72-acre lot includes 43 parking spaces, a significant advantage in this high-traffic area. Located on Market Street, the building benefits from exceptional visibility and easy access, surrounded by a thriving commercial district including other office buildings, retailers, and major healthcare providers like Penn State Health at Holy Spirit and Pinnacle Health Services. The COMMERCIAL LIMITED zoning permits diverse uses, including daycare, medical and dental offices, financial services, and personal services. The asking price is $1,500,000 ($500/sq ft), representing a stabilized investment opportunity in a fee-simple ownership structure with a triple net (NNN) lease type. Minimum leaseable space is 1,500 square feet per floor, totaling 3,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $2,021,124

  6.5%

  $1,865,653

  7%

  $1,732,392

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,143,439

  Geo Method

  $787,382

• Alternative Use

  Use

  Valuation

  Residential

  $2,313,410

  Hospitality

  $2,119,071

  Educational

  $1,763,042

  Medical

  $1,823,676

  Retail

  $2,742,510

Location Insight

City

Camp Hill

County

Cumberland

State

Pennsylvania

Latitude

40.2395

Longitude

-76.947

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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