460 Union StMiddletown, PA 17057

  • Retail properties
  • 4,581 SF
For Sale
$500,000 View listing

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
460 Union St, Middletown, Pennsylvania

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

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
$8,105
$17,600
$179,000
$196,600
-
$17,600
$179,000
$196,600

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