This 1,835 square foot mixed-use property, located at 3429 Derry Street in Harrisburg, Pennsylvania, presents a unique investment opportunity. Built in 1920, this fee-simple owned building offers a blend of commercial and residential potential. The property is zoned "Downtown," allowing for a variety of commercial uses as permitted by the local zoning code. Previously utilized as commercial office space, the layout could easily accommodate a commercial enterprise on a portion of the first floor, with the remainder dedicated to living quarters. The interior features refinished hardwood floors throughout, an updated kitchen, a first-floor half bath, and a second-floor full bath, along with three spacious bedrooms. Two off-street parking spaces in the rear provide convenient parking. Additional unfinished space in the attic and basement offers significant potential for expansion or storage. The property's historic charm is complemented by modern amenities, creating a versatile and attractive offering in the desirable Paxtang community. Asking price is $205,000. The property's versatility and prime location make it an ideal investment for both commercial and residential purposes. Detailed zoning information is available through the local zoning code.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$315,716
6.5%
$291,430
7%
$270,614
Comparable approach
Method
Valuation
Relative Method
$306,196
Geo Method
$210,849
Alternative Use
Use
Valuation
Residential
$245,832
Hospitality
$225,181
Educational
$187,348
Medical
$193,791
Retail
$291,430
Location Insight
City
Harrisburg
County
Dauphin
State
Pennsylvania
Latitude
40.2586
Longitude
-76.8327
CBSA code
25420
CBSA name
HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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