55 Progress AveHarrisburg, PA 17109

  • Office properties
  • 7,560 SF
For Sale
$900,000 View listing

Property Details for 55 Progress Ave

Year built
1984
Construction
FRAME
Lot size
0.64 AC
Property size (Sq ft)
7,560 SF
Property type
Office properties
Property subtype
Other office properties
APN
62-037-217
APU
62037217

Description

This Harrisburg, PA retail property, located at 55 S. Progress Avenue, offers 2,520 square feet of immediately available space in a 7,560 square foot multi-tenant building. Situated on a 0.64-acre lot, this Class C building boasts a convenient location at the heavily trafficked intersection of S. Progress Avenue and Route 22, ensuring high visibility and accessibility for your business. Built in 1984, the two-story structure is zoned for Mixed Use Corridor, offering flexibility for various retail ventures. The available space features a welcoming layout with a blend of shared and private workspaces, a convenient kitchen/breakroom, and ample storage. The property includes a rear parking lot directly accessible from the suite entrance, providing convenient parking for both employees and customers. The Dauphin County location (APN 62-037-217) offers excellent access to major transportation routes and a thriving local market. This is an exceptional opportunity to establish or expand your retail presence in a high-traffic area. The building does not have elevators.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,220,813
    6.5%
    $1,126,905
    7%
    $1,046,411
  • Comparable approach

    Method
    Valuation
    Relative Method
    $690,668
    Geo Method
    $475,600
  • Alternative Use

    Use
    Valuation
    Residential
    $1,397,362
    Hospitality
    $1,279,976
    Educational
    $1,064,925
    Medical
    $1,101,549
    Retail
    $1,656,550
55 Progress Ave, Harrisburg, Pennsylvania

Location Insight

City
Harrisburg
County
Dauphin
State
Pennsylvania
Latitude
40.2839
Longitude
-76.8411
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
$13,349
$161,000
$264,000
$425,000
-
$161,000
$264,000
$425,000

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