530 Lockwillow AveHarrisburg, PA 17112

Property Details for 530 Lockwillow Ave

Year built

1991

Lot size

1.12 AC

Property size (Sq ft)

4,924 SF

Property type

Office properties

APN

35-027-181

APU

35027181

Description

This outstanding commercial property, situated at 530 N Lockwillow Avenue in Harrisburg, Pennsylvania, presents a unique investment opportunity. Spanning 1.12 acres, the building offers a flexible layout ideal for a variety of businesses. The interior boasts modern finishes and abundant natural light, creating a welcoming and productive work environment. The space includes multiple offices, several meeting rooms, and two restrooms, ensuring comfort and convenience for occupants. Ample parking is provided with twenty designated spaces, a significant advantage in a busy urban setting. The property's location offers excellent visibility and accessibility, with convenient access to Route 81, facilitating seamless commutes for employees and clients. The $14 per square foot NNN lease structure provides a clear and predictable cost model. The surrounding neighborhood is vibrant, featuring a strong customer base and a mix of retail, dining, and transportation options. The property also prioritizes security and privacy, creating a safe and productive atmosphere. This is a rare chance to acquire a premium commercial space in a thriving Harrisburg location. The property's combination of modern amenities, convenient location, and ample parking makes it an attractive option for a wide range of businesses seeking a high-profile presence in the city.

• CAP approach

  CAP return

  Valuation

  6%

  $795,144

  6.5%

  $733,979

  7%

  $681,552

• Comparable approach

  Method

  Valuation

  Relative Method

  $449,848

  Geo Method

  $309,769

• Alternative Use

  Use

  Valuation

  Residential

  $910,134

  Hospitality

  $833,677

  Educational

  $693,610

  Medical

  $717,464

  Retail

  $1,078,949

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.3283

Longitude

-76.7941

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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