4200 Crums Mill RdHarrisburg, PA 17112

Property Details for 4200 Crums Mill Rd

Year built

1997

Construction

FRAME

Lot size

3.89 AC

Property size (Sq ft)

26,024 SF

Property type

Office properties

Property subtype

Other office properties

APN

35-039-028

APU

35039028

Description

This exceptional Class A office building, located at 4200 Crums Mill Rd, Harrisburg, PA 17112, presents a unique owner/user or investment opportunity. The 34,000 square foot, three-story building boasts a desirable location in Lower Paxton Township, featuring beautiful glass windows and an elevator. Currently housing four tenants, the property offers a multi-tenant configuration with a gross lease structure and credit-rated tenants. The asking price is $4,500,000 ($132.35/sq ft). A significant portion of the building is available for immediate occupancy. The ground level (13,500 sq ft), recently renovated in 2019, features an open floor plan, twelve private perimeter offices, and in-suite bathrooms. This space can be made available with 30 days' notice. Additionally, a 6,100 sq ft unfinished garden level suite, previously a childcare facility, is also available. The second floor, with Class A finishes, has a tenant with a lease extending through 2026, including a 1-5 year option. The property sits on a 3.89-acre lot and includes 155 parking spaces. Built in 1997 and renovated in 2019, this property is zoned for Business Campus use (APN: 35-039-28). The anticipated occupancy date for available spaces is March 11, 2024. This is a rare opportunity to acquire a well-maintained, high-quality office building in a prime Harrisburg location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,202,440

  6.5%

  $3,879,176

  7%

  $3,602,092

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,377,505

  Geo Method

  $1,637,170

• Alternative Use

  Use

  Valuation

  Residential

  $4,810,178

  Hospitality

  $4,406,097

  Educational

  $3,665,821

  Medical

  $3,791,894

  Retail

  $5,702,388

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.3089

Longitude

-76.8267

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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