5095 Ritter RdMechanicsburg, PA 17055

  • Office properties
  • 9.47 AC
For Lease
$12.95/SF/YR View listing

Property Details for 5095 Ritter Rd

Year built
1998
Lot size
9.47 AC
Property type
Office properties
Property subtype
Office buildings
APN
42-10-0256-032
APU
42100256032

Description

This exceptional property at 5095 Ritter Road, Mechanicsburg, PA 17055, offers 79,193 square feet of flexible office and industrial space. Built in 1997 and renovated in 2020, this multi-tenant building sits on a 9.47-acre lot within the Rossmoyne Business Center, boasting excellent visibility to over 73,000 vehicles daily on Route 15. The property features a Business Professional Office zoning designation, allowing for diverse uses including office, business services, medical, flex/R&D, warehouse, and manufacturing. Two spaces are currently available, ranging from 8,350 to 13,950 square feet. The building includes a fully sprinklered system, a flexible layout adaptable to various needs, and loading potential. Ample on-site parking is provided, with a ratio of 7 spaces per 1000 square feet. Strategic location offers quick access to major roadways including Route 581, the Capitol Beltway (via Route 15), I-76 (PA Turnpike), I-81/78, and I-83, ensuring convenient commutes and efficient logistics. This is an outstanding opportunity for businesses seeking a versatile and well-located space in central Pennsylvania.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $88,012,304
    6.5%
    $81,242,128
    7%
    $75,439,112
  • Comparable approach

    Method
    Valuation
    Relative Method
    $42,132,896
    Geo Method
    $25,951,192
  • Alternative Use

    Use
    Valuation
    Residential
    $100,740,232
    Hospitality
    $92,277,512
    Educational
    $76,773,808
    Medical
    $79,414,176
    Retail
    $119,425,920
5095 Ritter Rd, Mechanicsburg, Pennsylvania

Location Insight

City
Mechanicsburg
County
Cumberland
State
Pennsylvania
Latitude
40.1985
Longitude
-76.969
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
$168,085
$869,700
$7,080,500
$7,950,200
-
$869,700
$7,080,500
$7,950,200

FAQs

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