3721 Tecport DrHarrisburg, PA 17111

Property Details for 3721 Tecport Dr

Year built

1966

Lot size

11.40 AC

Property size (Sq ft)

110,624 SF

Property type

Office properties

Property subtype

Other office properties

APN

63-027-110

APU

63027110

Description

This exceptional 145,700 square foot Class B office building in Harrisburg, Pennsylvania, presents a unique owner-user opportunity. Situated within the Tecport Business Center, adjacent to the Harrisburg Mall and conveniently located off I-83, this three-story building boasts excellent visibility and accessibility. Currently 23% occupied, approximately 108,000 square feet of office space is available, offering significant potential for expansion and additional cash flow from existing tenants with recently renewed leases. The building benefits from recent capital improvements and is exceptionally well-maintained. The strategic location provides easy access to I-83, US-322, I-283, the Pennsylvania Turnpike (I-76), and Harrisburg International Airport, ensuring seamless connectivity to the Harrisburg Central Business District and both the East and West Shores. The second and third floors, totaling 88,150 square feet, offer exclusive exterior access from the southern parking field, ideal for a user-owner seeking a prominent presence. This investment opportunity combines immediate rental income from existing tenants with the potential for substantial future growth. The 11.4-acre lot provides ample space and parking. This is a rare chance to acquire a highly visible, well-maintained office building in a thriving business park.

• CAP approach

  CAP return

  Valuation

  6%

  $17,863,924

  6.5%

  $16,489,775

  7%

  $15,311,934

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,106,408

  Geo Method

  $6,959,356

• Alternative Use

  Use

  Valuation

  Residential

  $20,447,322

  Hospitality

  $18,729,636

  Educational

  $15,582,837

  Medical

  $16,118,755

  Retail

  $24,239,970

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.251

Longitude

-76.8243

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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