4314 Derry StHarrisburg, PA 17111

Property Details for 4314 Derry St

Lot size

0.26 AC

Property type

Retail properties

Property subtype

Parking lots & garages

APN

63-013-067

APU

63013067

Description

This exceptional 1.3-acre commercial land parcel presents a remarkable investment opportunity in the thriving Harrisburg, Pennsylvania market. Situated at 4314-4316 Derry Street, this single-tenant property boasts a highly visible location along Derry Street, which experiences a daily traffic volume of 11,289 vehicles. The site's strategic positioning offers unparalleled access to major transportation arteries, including Interstate 83 (96,732 VPD) and Interstate 283 (59,830 VPD), ensuring seamless connectivity and convenient commutes. This prime location is further enhanced by its proximity to a cluster of established national retailers, including Target, Home Depot, PetSmart, Sherwin Williams, and Panera Bread, creating a vibrant and desirable commercial environment. The property is zoned CG within Dauphin County and offers a blank canvas for a wide range of commercial developments. With its substantial size and strategic location, this land parcel represents a unique chance to capitalize on the consistent growth of the Harrisburg market. The property is ideal for businesses seeking high visibility and convenient access to a dense population base and major transportation networks. This is a rare opportunity to acquire a significant commercial land holding in a highly sought-after area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,688,570

  6.5%

  $2,481,757

  7%

  $2,304,489

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,607,502

  Geo Method

  $1,795,547

• Alternative Use

  Use

  Valuation

  Residential

  $2,093,455

  Hospitality

  $1,917,594

  Educational

  $1,595,415

  Medical

  $1,650,284

  Retail

  $2,481,757

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.2584

Longitude

-76.8087

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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