460 Union StMiddletown, PA 17057

Property Details for 460 Union St

Year built

1837

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.25 AC

Property size (Sq ft)

4,581 SF

Property type

Turn key restaurants

APN

42-025-001

APU

42025001

Description

This exceptional historic property at 460 N Union St, Middletown, PA 17057, offers a unique investment opportunity. The 4,581 square foot building, constructed in 1835, sits on a 0.25-acre lot and seamlessly blends original architectural charm with modern functionality. Currently configured as a restaurant and apartment building, it presents a versatile option for continued operation as a turnkey restaurant or conversion into a multifamily residence. The property boasts recent updates to its electrical, plumbing, and HVAC systems, ensuring modern efficiency. Accessibility is enhanced by ADA-compliant restrooms. Its central location, just one block from Middletown's main intersection, provides excellent visibility and accessibility. The property's proximity to Harrisburg International Airport (MDT) and Penn State Harrisburg campus adds to its appeal. The asking price is $500,000. This is a rare chance to own a piece of Middletown's history with significant potential for future growth and income. The property's blend of historical character and modern updates makes it an attractive investment for both commercial and residential purposes. Its prime location in the heart of Middletown ensures high visibility and easy access for potential tenants or customers. The combination of restaurant and apartment spaces offers flexibility and diverse income streams.

• CAP approach

  CAP return

  Valuation

  6%

  $1,087,440

  6.5%

  $1,003,790

  7%

  $932,091

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,054,650

  Geo Method

  $726,241

• Alternative Use

  Use

  Valuation

  Residential

  $846,735

  Hospitality

  $775,604

  Educational

  $645,294

  Medical

  $667,486

  Retail

  $1,003,790

Location Insight

City

Middletown

County

Dauphin

State

Pennsylvania

Latitude

40.2008

Longitude

-76.7316

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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