1351 Eisenhower BlvdHarrisburg, PA 17111

  • Warehouses
  • 34,650 SF

Property Details for 1351 Eisenhower Blvd

Year built
2002
Lot size
8.17 AC
Property size (Sq ft)
34,650 SF
Property type
Warehouses
APN
63-062-094
APU
63062094

Description

This exceptional investment opportunity presents a fully leased, 81,200-square-foot industrial flex business park in Harrisburg, Pennsylvania's desirable Eisenhower Boulevard location. The property comprises two single-story buildings constructed between 2001 and 2003, situated on 8.17 acres of land zoned for Limited Manufacturing. With eight tenants occupying 100% of the space, this multi-tenant property offers a diverse and stable income stream, featuring staggered lease expirations and built-in rent bumps. The buildings boast 14 loading docks, 80 parking spaces, and a flexible layout accommodating tenants ranging from 2,450 to 7,500 square feet. The strategic location provides easy access to major interstates (I-81/78, 83, and 76), offering seamless connectivity to the Northeast and Mid-Atlantic regions. Proximity to significant employers, including Penn State Hershey Medical Center and Hershey Food Corporation, further enhances the property's appeal. The property benefits from the robust Central Pennsylvania industrial market, fueled by regional parcel hubs, intermodal yards, and deep-water port access. This fee-simple offering presents a rare chance to acquire a well-maintained, high-occupancy industrial asset with significant value-add potential through near-term rent adjustments. The property is professionally managed, with no deferred maintenance, ensuring a smooth transition for the new owner. This prime location, coupled with the strong tenant base and excellent access to transportation networks, makes this a compelling investment opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $6,404,575
    Hospitality
    $5,866,556
    Educational
    $4,880,906
    Medical
    $5,048,768
    Retail
    $7,592,520

Location Insight

City
Harrisburg
County
Dauphin
State
Pennsylvania
Latitude
40.2252
Longitude
-76.7981
CBSA code
25420
CBSA name
HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$93,541
$588,200
$2,712,800
$3,301,000
-
$588,200
$2,712,800
$3,301,000

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