2208 Derry StHarrisburg, PA 17104

Property Details for 2208 Derry St

Year built

2001

Lot size

0.74 AC

Property size (Sq ft)

3,392 SF

Property type

Retail properties

Property subtype

Other car washes

APN

13-060-002

APU

13060002

Description

This exceptional investment opportunity presents a thriving car wash located at 2208 Derry St, Harrisburg, PA 17104. The property, built in 2001, boasts a 3,300 square foot building situated on a 0.74-acre lot. The car wash features two automatic touchless bays (one brand new in 2024), four self-serve bays, and ten vacuum stations. Recent upgrades include new blowers (2023), a hot water heater, and a storage tank (2024), ensuring efficient and reliable operation. Additional amenities include a convenient office and restroom. The property is zoned for commercial use and benefits from a large, established clientele, making it an ideal investment for a discerning buyer. The asking price is $1,950,000, translating to $590.91 per square foot. This well-maintained, single-story building represents a strong, established business with significant growth potential in the Harrisburg market. The Derry Street Car Wash is a recognizable landmark in the city, offering a secure and profitable investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $805,194

  6.5%

  $743,256

  7%

  $690,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $780,915

  Geo Method

  $537,745

• Alternative Use

  Use

  Valuation

  Residential

  $626,964

  Hospitality

  $574,296

  Educational

  $477,808

  Medical

  $494,240

  Retail

  $743,256

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.2606

Longitude

-76.8498

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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