150 Market SqMillersburg, PA 17061

Property Details for 150 Market Sq

Lot size

0.16 AC

Property type

Parking lots & garages

APN

45-014-001

APU

45014001

Description

This exceptional commercial land parcel, located at 150 N. Market Square in the heart of historic Millersburg, Pennsylvania, presents a unique investment opportunity. The property, identified by APN 45-014-001, 002, 005, 003, 004-000-0000, boasts a prime corner location along Route 147, enjoying high visibility and accessibility. Previously occupied by a bank, the site features two convenient drive-thru lanes, a significant advantage for various commercial uses. The "Old Town" zoning designation allows for flexible development options, catering to a wide range of businesses. This presents an ideal opportunity for owner-users or investors seeking a high-traffic location. The property's strategic placement within Millersburg's historic district offers a blend of charm and modern convenience. With an average daily traffic count of 6,655 vehicles on the main street (both directions), this location ensures substantial exposure for any commercial venture. The property's rich history as a former bank adds to its unique character and potential. This is a rare chance to acquire a well-situated commercial land parcel in a thriving Pennsylvania community. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,654,541

  6.5%

  $1,527,269

  7%

  $1,418,178

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,604,652

  Geo Method

  $1,104,976

• Alternative Use

  Use

  Valuation

  Residential

  $1,288,308

  Hospitality

  $1,180,084

  Educational

  $981,816

  Medical

  $1,015,582

  Retail

  $1,527,269

Location Insight

City

Millersburg

County

Dauphin

State

Pennsylvania

Latitude

40.5388

Longitude

-76.9607

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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