5010 Ritter RdMechanicsburg, PA 17055

Property Details for 5010 Ritter Rd

Lot size

7.15 AC

Property size (Sq ft)

54,480 SF

Property type

Office properties

Property subtype

Office buildings

APN

13-10-0256-002A

APU

13100256002A

Description

This exceptional 2,000 square foot office suite is ideally situated within a well-established business park at 5010 Ritter Road, Suite 111-112. The single-tenant space offers convenient access and ample parking. The building itself boasts an attractive and meticulously maintained exterior, complemented by generous landscaping. Built in 1987, this one-story building provides a total of 23,680 square feet and features 133 parking spaces. The property's location is a significant advantage, offering easy access and high visibility due to its proximity to the convergence of the Pennsylvania Turnpike and Pennsylvania Route 15. This makes it an excellent choice for businesses seeking a convenient and easily accessible location. The suite is categorized as a Traditional Office, Executive Office, and Creative Office, offering versatility for a range of business needs. The property's single-tenant occupancy ensures privacy and control over the space. This is a rare opportunity to secure a well-maintained, conveniently located office suite in a thriving business park. The abundant parking ensures ample space for employees and clients. The well-landscaped grounds enhance the overall aesthetic appeal and create a pleasant working environment.

• CAP approach

  CAP return

  Valuation

  6%

  $11,623,658

  6.5%

  $10,729,531

  7%

  $9,963,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,564,431

  Geo Method

  $3,427,337

• Alternative Use

  Use

  Valuation

  Residential

  $13,304,618

  Hospitality

  $12,186,959

  Educational

  $10,139,407

  Medical

  $10,488,116

  Retail

  $15,772,410

Location Insight

City

Mechanicsburg

County

Cumberland

State

Pennsylvania

Latitude

40.2052

Longitude

-76.9618

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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