55 Progress AveHarrisburg, PA 17109

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

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.

• 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

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

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