450 Main StMiddletown, PA 17057

  • Retail properties
  • 52,600 SF
For Lease

Property Details for 450 Main St

Year built
1958
Lot size
9.85 AC
Property size (Sq ft)
52,600 SF
Property type
Retail properties
Property subtype
Strip malls
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
450 Main St, Middletown, Pennsylvania

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

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
2023
$239,764
$826,000
$4,989,700
$5,815,700
-
$826,000
$4,989,700
$5,815,700

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