614 2Nd StHarrisburg, PA 17101

Property Details for 614 2Nd St

Year built

1920

Lot size

0.02 AC

Property size (Sq ft)

1,894 SF

Property type

Investment properties

Property subtype

Live-work space

APN

04-025-006

APU

4025006

Description

This exceptional three-story commercial property at 614 N 2nd Street, Harrisburg, PA, presents a unique opportunity for a discerning investor. Spanning 1,894 square feet on a 0.02-acre lot, this established restaurant enjoys a prime location in the heart of Harrisburg's vibrant downtown. The first floor offers a welcoming counter service area with ample seating and a restroom, perfect for casual dining and takeout. Upstairs, the second floor features a stylish bar, additional seating, and a fully equipped kitchen, creating an ideal atmosphere for evening gatherings and socializing. A second restroom is also conveniently located on this floor. Adding to the property's versatility, the third floor includes a comfortable apartment, providing convenient living quarters for an owner-operator or staff. The property's strategic location benefits from high foot traffic, proximity to popular eateries and businesses, and the scenic Riverfront Park, offering picturesque views of the Susquehanna River. Its close proximity to the State Capitol Complex and various governmental offices further enhances its appeal to professionals and businesses. Priced at $400,000, this property represents a compelling investment opportunity for restaurateurs seeking a strong presence in a bustling downtown area. The combination of a thriving restaurant space and a convenient apartment makes this a truly unique and attractive offering.

• CAP approach

  CAP return

  Valuation

  6%

  $305,849

  6.5%

  $282,322

  7%

  $262,157

• Comparable approach

  Method

  Valuation

  Relative Method

  $173,032

  Geo Method

  $119,152

• Alternative Use

  Use

  Valuation

  Residential

  $350,080

  Hospitality

  $320,671

  Educational

  $266,795

  Medical

  $275,970

  Retail

  $415,014

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.2637

Longitude

-76.8882

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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