450 Main StMiddletown, PA 17057

Property Details for 450 Main St

Year built

1958

Lot size

9.85 AC

Property size (Sq ft)

52,600 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

42-040-004

APU

42040004

Description

Midtown Plaza, a 102,113-square-foot retail center in Middletown, Pennsylvania, offers a prime 4,815-square-foot retail space for lease. This single-story building is ideally situated at 450 E Main St, at the intersection of East Main St (ST 230) and Vine St, in Dauphin County's Harrisburg submarket. The property boasts a highly visible location on Main Street/230 Harrisburg Pike, a primary shopping destination in this growing central Pennsylvania market. Its strategic location provides easy access to major transportation arteries, including the Pennsylvania Turnpike and I-283. The center is anchored by a significant 59,500-square-foot Giant Food Supermarket, ensuring high foot traffic and strong consumer draw. Additional key tenants include Dollar Tree, Aaron's, a newly constructed AutoZone, and H&R Block, creating a diverse and established tenant mix. The property's proximity to Penn State University, Harrisburg branch (one mile away) and Harrisburg Airport further enhances its appeal and accessibility. This exceptional opportunity presents a chance to establish a business within a thriving retail environment, benefiting from the existing strong tenant base and convenient location. The minimum divisible space is 4,815 square feet, and the maximum contiguous space available is also 4,815 square feet. The total vacant space currently available is 4,815 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $12,486,208

  6.5%

  $11,525,730

  7%

  $10,702,464

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,109,710

  Geo Method

  $8,338,846

• Alternative Use

  Use

  Valuation

  Residential

  $9,722,385

  Hospitality

  $8,905,652

  Educational

  $7,409,398

  Medical

  $7,664,218

  Retail

  $11,525,730

Location Insight

City

Middletown

County

Dauphin

State

Pennsylvania

Latitude

40.1999

Longitude

-76.7227

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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