460 Union StMiddletown, PA 17057
- Retail properties
- 4,581 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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