3605 Vartan WayHarrisburg, PA 17110

  • Office properties
  • 56,700 SF
For Lease
$16.95/SF/YR View listing

Property Details for 3605 Vartan Way

Year built
1988
Lot size
3.47 AC
Property size (Sq ft)
56,700 SF
Property type
Office properties
APN
62-021-170
APU
62021170

Description

This exceptional three-story, 57,456 square foot Class B office building, constructed in 1988, offers five available suites ranging from 2,007 to 19,495 contiguous square feet, with a total of 31,647 square feet currently vacant. Located in Dauphin County, at 3605 Vartan Way, this property boasts a prime location between I-81 and Linglestown Road, near the Progress Avenue interchange, providing convenient access and visibility. The building features a modern glass exterior, an attractive atrium lobby, and ample natural light in each suite. With 364 parking spaces, this property is ideal for employees and clients alike. Recent renovations include updated restrooms, enhancing the overall appeal and functionality. The building is equipped with advanced security features, including a fire safety monitoring system, remote air conditioning control, and secure building access. The property sits on a 3.47-acre lot and has a 3,000-amp power supply. The zoning is BOR (Business Office Residential). The building offers flexible lease terms and is managed by a full-service, local landlord. CAT bus service is readily available, adding to the property's convenient location. This versatile space is suitable for various office uses, including executive, medical, creative, and traditional office settings. The APN is 62-021-170.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $9,156,100
    6.5%
    $8,451,785
    7%
    $7,848,086
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,180,009
    Geo Method
    $3,566,997
  • Alternative Use

    Use
    Valuation
    Residential
    $10,480,213
    Hospitality
    $9,599,819
    Educational
    $7,986,936
    Medical
    $8,261,620
    Retail
    $12,424,124

Location Insight

City
Harrisburg
County
Dauphin
State
Pennsylvania
Latitude
40.3184
Longitude
-76.8529
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
$84,339
$295,000
$2,390,100
$2,685,100
-
$295,000
$2,390,100
$2,685,100

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