2150 Herr StHarrisburg, PA 17103

Property Details for 2150 Herr St

Year built

1957

Lot size

5.85 AC

Property size (Sq ft)

31,568 SF

Property type

Office properties

Property subtype

Other office properties

APN

62-026-007

APU

62026007

Description

This exceptional 5.85-acre property at 2150 Herr Street in Harrisburg, Pennsylvania (zip code 17103), presents a unique mixed-use redevelopment opportunity. Zoned for Mixed Use Corridor - High Density, this site is ideally suited for a variety of commercial and residential uses. The asking price is $2,395,000. The property's current permitted uses include bank, daycare/nursery, and restaurant, making it a versatile investment. A concept plan (available upon request) illustrates the potential for a four-story development with approximately 155 units and 217 parking spaces. The location offers excellent visibility and accessibility, situated near the controlled intersection of Herr Street and Parkway Drive. Its proximity to major employers and amenities, including the PA Farm Show Complex and Expo Center (one mile away), PennDOT, DGS, Harrisburg Dairies, and numerous state agencies, ensures high traffic and strong potential for tenant occupancy. The site is also well-positioned to serve a diverse range of businesses, including medical facilities, retail establishments, restaurants, fitness centers, pharmacies, urgent care centers, banks, hospitality venues, and office spaces. A market study (available upon request) supports the viability of both market-rate and affordable housing options, combining renovation of existing structures with new construction. This presents a compelling opportunity for investors seeking a high-impact, mixed-use project in a thriving Pennsylvania market.

• CAP approach

  CAP return

  Valuation

  6%

  $5,097,703

  6.5%

  $4,705,572

  7%

  $4,369,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,883,995

  Geo Method

  $1,985,943

• Alternative Use

  Use

  Valuation

  Residential

  $5,834,910

  Hospitality

  $5,344,746

  Educational

  $4,446,766

  Medical

  $4,599,697

  Retail

  $6,917,191

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.2793

Longitude

-76.8591

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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