2921 Walnut StHarrisburg, PA 17103

Property Details for 2921 Walnut St

Year built

1950

Construction

FRAME

Lot size

0.30 AC

Property size (Sq ft)

6,600 SF

Property type

Retail properties

Property subtype

Retail space

APN

50-006-039

APU

50006039

Description

This exceptional 6,600 square foot retail property is ideally situated on heavily trafficked Walnut Street in Penbrook, Pennsylvania. The building boasts a spacious showroom, perfect for showcasing products or services, complemented by a dedicated office, breakroom, and ample storage space. A convenient loading bay ensures efficient handling of goods. The property sits on a 0.3-acre lot, providing excellent visibility and accessibility for customers. Currently zoned CO-2/Store-Retail, the zoning classification allows for a variety of retail uses. Prospective buyers should independently verify zoning regulations and permitted uses with the Penbrook Borough to determine suitability for their intended business operations. Please note that the seller is unable to approve any future use beyond the current zoning designation. This presents a unique opportunity for entrepreneurs seeking a well-located, established retail space to establish or expand their business. The asking price for this turnkey operation is $590,000. The property's prime location and versatile layout make it an attractive investment for those seeking a strong foothold in the Harrisburg market. Don't miss this chance to secure a prominent retail presence on a busy thoroughfare.

• CAP approach

  CAP return

  Valuation

  6%

  $1,566,710

  6.5%

  $1,446,194

  7%

  $1,342,895

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,519,469

  Geo Method

  $1,046,319

• Alternative Use

  Use

  Valuation

  Residential

  $1,219,919

  Hospitality

  $1,117,439

  Educational

  $929,696

  Medical

  $961,670

  Retail

  $1,446,194

Location Insight

City

Harrisburg

County

Dauphin

State

Pennsylvania

Latitude

40.2815

Longitude

-76.8454

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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