777 Park DrHarrisburg, PA 17111

  • Office properties
  • 97,887 SF
For Lease
$19.95/SF/YR View listing

Property Details for 777 Park Dr

Year built
1989
Lot size
11.90 AC
Property size (Sq ft)
97,887 SF
Property type
Office properties
Property subtype
Other office properties
APN
35-074-054
APU
35074054

Description

This prestigious Class A office building, located at 777 East Park Drive in Harrisburg, Pennsylvania, offers a variety of flexible office spaces ideal for businesses of all sizes. The five-story, 125,000-square-foot building boasts a prime location along the heavily traveled I-83 corridor, ensuring excellent visibility and accessibility. Built in 1989 and extensively renovated in 2023, the property features state-of-the-art HVAC systems, four modern elevators, and a brand-new roofing system. Common areas have been completely updated with cutting-edge technology, stylish new lighting, and contemporary interior finishes. To accommodate the needs of today's tenants, significant improvements have been made to the parking facilities, resulting in ample parking availability. The building is zoned for business campus use and offers multiple tenancy options, with spaces ranging from a minimum of 1,540 square feet to a maximum contiguous space of 25,000 square feet. This exceptional property is situated on a 12-acre site in Dauphin County, Pennsylvania, and offers a unique opportunity for businesses seeking a modern, efficient, and conveniently located office space. The property's address is 777 E Park Dr, Harrisburg, PA 17111.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $15,807,111
    6.5%
    $14,591,179
    7%
    $13,548,952
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,942,779
    Geo Method
    $6,158,071
  • Alternative Use

    Use
    Valuation
    Residential
    $18,093,062
    Hospitality
    $16,573,148
    Educational
    $13,788,664
    Medical
    $14,262,878
    Retail
    $21,449,034
777 Park Dr, Harrisburg, Pennsylvania

Location Insight

City
Harrisburg
County
Dauphin
State
Pennsylvania
Latitude
40.2723
Longitude
-76.8125
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
$273,748
$2,640,000
$7,528,400
$10,168,400
-
$2,640,000
$7,528,400
$10,168,400

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