1708 Fairmont Drive Harrisburg, PA $ 7,950,000
1708 Fairmont Drive
$ 7,950,000
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1708 Fairmont Drive

Harrisburg, PA, 17111
$ 7,950,000
Baths0.0 Sq 44,528

Monthly Estimate*

$ 52,838

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Studio

Commercial Property for sale in Harrisburg, PA

for $7,950,000. This 44,528 square foot building was built in 2023 on a lot size of 2.74.

Discover a prime investment opportunity in Union Station, a 350+ home community within Lower Paxton Township, with a brand-new multi-use building constructed in 2023. This property uniquely combines 22 modern 2-bedroom, 2-bathroom residential apartments and 4 leased commercial spaces. The commercial lineup includes Legion Hair Salon, Hops & Barley restaurant, Shakedown BBQ, and the Snack Shop, each committed to 5-10 year leases. 17 of the apartments are currently filled and we anticipate near 100% occupancy before Settlement. Located in the Central Dauphin School District and across from a popular brewery, this property promises a vibrant community and a desirable lifestyle for tenants. It's an exceptional investment that offers a mix of stable income from long-term commercial leases and the growth potential from residential rentals. Positioned in a sought-after neighborhood, it provides a perfect balance for both families and professionals. This investment property is not just a building but a community hub in a thriving residential neighborhood, promising both a steady income stream from its commercial tenants and a strong occupancy rate for its residential units. An opportunity like this, combining a prime location, a brand-new facility, and a mix of commercial and residential leases, is rare and presents a significant value proposition for any savvy investor.

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Commercial Active

Price

$ 7,950,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,106

Style

Apartment Building,Restaurant/Bar,Hair Salon and S

Lot Size

2.74

Year Built

2023

Town/City

Harrisburg

County/Region

Dauphin

MLS | Web ID

PADA2030930

Features
Interior
Heating Fuel Electric
Flooring Concrete Luxury Vinyl Plank Carpet
Hot Water Electric
Total Stories 3
Heating Y/N Y
Street Suffix DRIVE
Central Air Y/N Y
Number of Elevators 1
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General
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession Settlement
Zoning TND - TRADITIONAL NEIGHBO
Construction Materials Frame
Year Built 2023
Property SubType Mixed Use
Tax Year 2023
Percent Ownership Fee Simple
Cool Fuel Electric
Municipality LOWER PAXTON TWP
Business Type Apartment Building Restaurant/Bar Hair Salon and Spa Convenience Store/Gas
Accessibility 2+ Access Exits Elevator
County DAUPHIN
Net Operating Income 539857.36
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Located within Union Station. Locust Lane to Fairmont Drive. Property will be on right
City HARRISBURG
Buyer Agent Compensation 1
Total Units 0
MLS Area Lower Paxton Twp (14035)
Lot Size Square Feet 119293.00
Waterfront Y/N N
Street Name FAIRMONT
Tax Annual Amount 8106.0
Property Condition Excellent
Price Per Sq Ft Total 178.54
Vacation Rental Y/N N
Days on Market 100
Builder Name Yingst Homes
Standard Status Active
Year Built Source Estimated
Cap Rate 6.79
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 44528.00
Lot Size Acres 2.74
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 301300.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1708
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* Excluded Features
List By
Rsr, Realtors, Llc

Broker

jhkoury@rsrrealtors.com

Email

Affordability Calculator

$53,514
Per Month
99%
1%
0%
Monthly Principal & Interest
$52,838
Monthly Property Taxes
$676
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/14/2024$7,950,000 Listed Price

Map


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1708 Fairmont Drive, Harrisburg, PA, 17111 is a Commercial Property for sale at $7,950,000 with 44,528 sqft and a lot size of 2.74. 1708 Fairmont Drive is a studio with 0.0 baths and was built in 2023. The property's zip code is 17111 which is in Harrisburg, PA