1609 State RdDuncannon, PA 17020

Property Details for 1609 State Rd

Lot size

1.35 AC

Zone code

MIX

Property type

Retail properties

Property subtype

Strip malls

APN

210,134.02-029.000

APU

21013402029000

Description

This exceptional retail opportunity presents 12,000 square feet of commercial space in a single-story Class B building located at 1609 State Road, Duncannon, PA 17020. The property, known as Cove Centre, is situated on Route 11/15, conveniently positioned between Duncannon and Marysville, ensuring high visibility and accessibility. Currently, there are 3,000 square feet of vacant space available, divisible into units of at least 1,500 square feet. The building features multiple tenancies, with Suites 101/102 previously occupied by a restaurant with a full bar, presenting a unique opportunity for a similar establishment or adaptable retail use. The Commercial zoning allows for a variety of retail and office uses, providing flexibility for potential tenants. This prime location offers significant potential for business growth, with the added possibility of establishing a Fox's Pizza franchise. The property's strategic placement on a major thoroughfare guarantees substantial foot traffic and exposure, making it an ideal investment for businesses seeking a thriving retail environment. Interested parties should note the total building size is 12,000 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $13,959,390

  6.5%

  $12,885,591

  7%

  $11,965,192

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,538,472

  Geo Method

  $9,322,703

• Alternative Use

  Use

  Valuation

  Residential

  $10,869,478

  Hospitality

  $9,956,384

  Educational

  $8,283,594

  Medical

  $8,568,480

  Retail

  $12,885,591

Location Insight

City

Duncannon

County

Perry

State

Pennsylvania

Latitude

40.3552

Longitude

-76.991

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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