18 27Th StHarrisburg, PA 17103

Property Details for 18 27Th St

Year built

1930

Lot size

0.39 AC

Property size (Sq ft)

6,600 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

49-004-018

APU

49004018

Description

This exceptional commercial property, located at 18 N 27th St in Harrisburg, Pennsylvania (17103), presents a unique investment opportunity. Priced at $699,000, this vacant auto shop boasts 9,568 square feet of space across a three-story building situated on a 0.4-acre lot. The property consists of two buildings: a brick structure and a connected pole (metal) building. The brick building features a ground floor shop and office area, a second-floor apartment and storage, and additional apartment space on a partial third floor. The pole building, accessible via stairs from the brick building, offers a large open shop area. Originally constructed in 1930, the property underwent renovations in 1995. The property is zoned for commercial use and is currently vacant, providing immediate occupancy for a new business. All equipment is included in the sale price. This well-maintained property in Dauphin County offers significant potential for a variety of automotive-related businesses. The combination of ample space, existing infrastructure, and prime location makes this an attractive investment opportunity. The property's history as a well-established auto body and paint shop provides a strong foundation for future success.

• CAP approach

  CAP return

  Valuation

  6%

  $1,566,710

  6.5%

  $1,446,194

  7%

  $1,342,895

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,519,469

  Geo Method

  $1,046,319

• Alternative Use

  Use

  Valuation

  Residential

  $1,219,919

  Hospitality

  $1,117,439

  Educational

  $929,696

  Medical

  $961,670

  Retail

  $1,446,194

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.2805

Longitude

-76.8484

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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