1029 Mumma RdWormleysburg, PA 17043

  • Office buildings
  • 13,224 SF
For Lease
$12.18/SF/YR View listing

Property Details for 1029 Mumma Rd

Lot size
1.00 AC
Property size (Sq ft)
13,224 SF
Property type
Office buildings
APN
47-19-1590-107
APU
47191590107

Description

This exceptional office property at 1029 Mumma Road in Wormleysburg, Pennsylvania, offers a unique leasing opportunity. The three-building complex, situated on one acre of land, totals 16,434 square feet, with 4,843 square feet currently available for lease. Built in 1967 and extensively renovated in 2020, the property boasts modern upgrades while maintaining its character. The available spaces range from 887 to 3,828 square feet, providing flexibility for various business needs. Each space features a 7'9" ceiling height. The property's convenient location along the West Shore Business Corridor ensures easy access to major business hubs on both the East and West Shores. Ample on-site parking is provided, with a total of 64 spaces available for tenants and their clients. The property's APN is 47-19-1590-107, and it is located in Cumberland County, Pennsylvania, zip code 17043. This well-maintained property presents an excellent opportunity for businesses seeking modern, functional office space in a highly accessible location. The multiple tenancy structure allows for a diverse range of businesses to thrive within this thriving commercial area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,135,454
    6.5%
    $1,971,189
    7%
    $1,830,390
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,208,121
    Geo Method
    $831,922
  • Alternative Use

    Use
    Valuation
    Residential
    $2,444,274
    Hospitality
    $2,238,942
    Educational
    $1,862,773
    Medical
    $1,926,837
    Retail
    $2,897,648

Location Insight

City
Wormleysburg
County
Cumberland
State
Pennsylvania
Latitude
40.256
Longitude
-76.9121
CBSA code
25420
CBSA name
HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$29,662
$300,000
$1,176,500
$1,476,500
-
$300,000
$1,176,500
$1,476,500

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