5095 Ritter RdMechanicsburg, PA 17055
- Office properties
- 9.47 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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