1 Union StMiddletown, PA 17057

Property Details for 1 Union St

Year built

1892

Lot size

0.30 AC

Property size (Sq ft)

5,570 SF

Property type

Industrial properties

APN

41-009-013

APU

41009013

Description

This exceptional 15,000-square-foot commercial property, located at 1 South Union Street in Middletown, Pennsylvania (17057), presents a rare opportunity. The building, originally constructed in 1910 and renovated in 2015, sits on a 0.14-acre lot and is zoned for Secondary Strip Commercial use (APN: 41-009-059). The entire space is currently vacant and available for lease as a single tenant occupancy. The two-story building boasts a spacious layout previously configured as a full-service restaurant with seating for up to 200 patrons, complete with a fully equipped brewery and distillery. All brewery and distillery equipment is included in the lease, providing a turnkey operation for prospective tenants. This presents a unique chance to acquire a fully equipped establishment ready for immediate use in a vibrant downtown location. The property's rich history and adaptable space make it suitable for a variety of commercial ventures. Its prime location in Dauphin County offers excellent visibility and accessibility. Serious inquiries are encouraged to explore the potential of this remarkable property. The building's size and layout offer significant flexibility for a wide range of commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $2,104,900

  6.5%

  $1,942,980

  7%

  $1,804,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $814,184

  Geo Method

  $560,654

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $978,652

  Mixed-Use / Specialty

  $961,214

  Hospitality / Lodging

  $687,052

  Office

  $940,975

  Institutional / Educational

  $994,290

  Residential Income

  $1,163,320

  Multifamily

  $1,472,550

  Automotive / Energy

  $852,249

  Parking / Income-Based Land

  $307,882

  Restaurant / Food Service

  $470,166

  Healthcare / Senior Housing

  $1,000,010

Location Insight

City

Middletown

County

Dauphin

State

Pennsylvania

Latitude

40.1953

Longitude

-76.7316

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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