161 Old Schoolhouse LnMechanicsburg, PA 17055

Property Details for 161 Old Schoolhouse Ln

Lot size

1.13 AC

Property type

Medical offices

Property subtype

Medical centers

APN

42-26-0243-044

APU

42260243044

Description

This single-story, Class B office building in Mechanicsburg, PA, offers 10,150 square feet of space, with a 3,100-square-foot suite currently available. Built in 2001, the property sits on 1.13 acres and features 9-foot ceilings. The available suite includes 11 private offices, a conference room, bullpen workspace, reception area, and break room. The building is multi-tenant, currently housing a dentist, foot and ankle surgeon, and a general office tenant. Its convenient location near Route 15, Route 581, and the Pennsylvania Turnpike ensures easy access for employees and clients. The property's central location offers proximity to residential areas, schools, shopping, hotels, and restaurants on the west shore of the Susquehanna River. The Cumberland County location (APN 42-26-0243-044) provides a strong base for a variety of businesses. The minimum divisible space is 3,100 square feet, and the maximum contiguous space available is also 3,100 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $10,502,044

  6.5%

  $9,694,194

  7%

  $9,001,752

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,027,496

  Geo Method

  $3,096,619

• Alternative Use

  Use

  Valuation

  Residential

  $12,020,801

  Hospitality

  $11,010,989

  Educational

  $9,161,013

  Medical

  $9,476,075

  Retail

  $14,250,465

Location Insight

City

Mechanicsburg

County

Cumberland

State

Pennsylvania

Latitude

40.1934

Longitude

-76.9856

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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