8501 Paxton StHummelstown, PA 17036

Property Details for 8501 Paxton St

Year built

1900

Lot size

1.55 AC

Property size (Sq ft)

4,621 SF

Property type

Office properties

Property subtype

Other office properties

APN

63-022-021

APU

63022021

Description

This exceptional 4,000+ square foot commercial property, situated on a spacious 1.61-acre lot in Hummelstown, PA, presents a unique investment opportunity. Boasting high visibility with exposure to over 40,000 vehicles daily, this strategically located building sits conveniently between Harrisburg and Hershey. The property features a 1,700+ square foot warehouse with a loft, constructed in 2019, adding significant versatility. The main building, originally a four-bedroom, three-bathroom home with an attached office, offers flexible usage options, allowing for commercial, residential, or a combination of both uses. Commercial General zoning provides adaptability for a wide range of businesses. Recent upgrades include a new architectural shingle roof (2019), new granite countertops, new appliances, updated bathroom cabinets, toilets, and fixtures (2019), a new second-floor washer/dryer combo (2019), and a tankless water heater (2020). Further enhancements completed in 2020 include new kitchen flooring, a new exterior door leading to a new composite deck, a new porch roof over the kitchen door, a new A/C unit in the house, and new mini-splits in the office. The property also showcases a curved stamped concrete sidewalk, elegant front entrance, mature landscaping, and ample shade trees. This property offers a blend of modern updates and classic charm in a highly desirable location. The building is wired for communication and features brick-over-masonry construction.

• CAP approach

  CAP return

  Valuation

  6%

  $746,214

  6.5%

  $688,813

  7%

  $639,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $422,166

  Geo Method

  $290,707

• Alternative Use

  Use

  Valuation

  Residential

  $854,128

  Hospitality

  $782,377

  Educational

  $650,928

  Medical

  $673,315

  Retail

  $1,012,555

Location Insight

City

Hummelstown

County

Dauphin

State

Pennsylvania

Latitude

40.2605

Longitude

-76.738

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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