5000 Ritter RdMechanicsburg, PA 17055

Property Details for 5000 Ritter Rd

Lot size

5.13 AC

Property size (Sq ft)

56,968 SF

Property type

Office buildings

APN

13-10-0256-002C

APU

13100256002C

Description

This exceptional Class A office space in Mechanicsburg, PA, offers a variety of configurations ideal for businesses seeking a professional and convenient location. Situated within a 58,727 square foot building on a 5.13-acre lot (223,463 sq ft), this property boasts 43 suites in total, with multiple tenancies available. The building features one passenger elevator, ample parking (350 spaces), and is conveniently located just 10 minutes from downtown Harrisburg, with easy access to Route 15 and exit 17 of the Pennsylvania Turnpike. The property is zoned C-3 Business Park District and benefits from a professional business park setting. Individual furnished private offices are available, ranging from 113 to 134 square feet. Rent includes janitorial services, utilities, and common area maintenance. A receptionist is available to greet clients and handle phone calls. Four conference rooms are available for free use. High-speed internet and phone service are available for an additional fee. Recently updated common areas feature new carpeting and paint. Special lease incentives are currently being offered, including a free 13th month with a 12-month lease and 3 months of free 6-meg internet with a 6- to 12-month lease. The property's APN is 13-10-0256-002C. This is a two-story building.

• CAP approach

  CAP return

  Valuation

  6%

  $12,154,489

  6.5%

  $11,219,528

  7%

  $10,418,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,818,548

  Geo Method

  $3,583,857

• Alternative Use

  Use

  Valuation

  Residential

  $13,912,215

  Hospitality

  $12,743,514

  Educational

  $10,602,454

  Medical

  $10,967,089

  Retail

  $16,492,707

Location Insight

City

Mechanicsburg

County

Cumberland

State

Pennsylvania

Latitude

40.2063

Longitude

-76.9598

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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