Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    244 N HERSHEY Road Harrisburg, PA 17112

    View on Map
    For Sale
    $1,500,000

    LAND - HARRISBURG, PA

    Lot size:
    2.40 Acres
    Added:
    Nov 3, 2025
    Days on Market:
    148
    Last Refresh:
    Mar 31 at 5:06 pm

    Property Features for 244 N HERSHEY Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.40 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    3058

    We can help!

    Listing Contact
    JAMES R KOURY
    JAMES R KOURY

    Listing agent JAMES R KOURY License #RS138272A

    Listing office RSR, REALTORS, LLC 3 Lemoyne Drive, Lemoyne, PA

    Listing date Nov 3, 2025

    MLS# PADA2051258

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Harrisburg Land For Sale

    Available for sale or build-to-suit, this 3.3-acre tract is located off Exit 77 of Interstate 81 on Route 39 in West Hanover Township, Dauphin County, PA. Hershey Road/Route 39 provides access to Hershey, home to Hershey Park, The Giant Center, Hershey Stadium, Hershey Arena, Hershey Hotel, Hershey Lodge, retailers, and hotel chains. The site is suitable for service, retail, commercial, or hotel use. This location offers access to the Harrisburg market. The surrounding area has a population of approximately 250,000 people within a 20-minute drive, with an average household income exceeding $80,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Gym & Fitness Center Pharmacy Auto Parts Store Hotel & Motel Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.71346
    Latitude
    40.35066

    Nearby Similar for Sale

    • $275,000
      2,048 SF

      Renovated Multifamily Property on Market Street

      Turnkey 2-unit property with modern updates and flexible use.
      1226 MARKET Street, HARRISBURG, PA 17103
      View Details
    • $435,000
      2,700 SF

      Midtown Harrisburg Investment Opportunity

      Prime investment in Harrisburg's Midtown Historic District with rental income potential.
      1622 N 3RD Street, HARRISBURG, PA 17102
      View Details
    • $435,000
      2,388 SF

      Traditional Brick Multifamily in Harrisburg

      Charming multifamily property near Midtown Harrisburg attractions.
      260 VERBEKE Street, HARRISBURG, PA 17102
      View Details
    • $345,000

      Prime Land in Harrisburg, PA

      4.16 acre tract at lighted intersection, Route 22.
      ALLENTOWN Boulevard, HARRISBURG, PA 17112
      View Details
    • $595,000

      Prime Commercial Land Harrisburg, PA

      2.75 acre commercial lot near Hershey, PA, for sale.
      155 HERSHEY Road, HARRISBURG, PA 17112
      View Details
    • $495,000

      Prime Commercial Land Harrisburg

      1.15 acre commercial lot near Hershey with public utilities.
      145 HERSHEY Road, HARRISBURG, PA 17112
      View Details
    • $345,000

      Harrisburg Land For Sale

      1.49 acre corner lot suitable for retail or office.
      239 N HERSHEY Road, HARRISBURG, PA 17112
      View Details
    • $345,000

      Harrisburg Land For Sale

      Corner lot suitable for retail, restaurant, or office use.
      MANADA VIEW Drive, HARRISBURG, PA 17112
      View Details
    • $995,000
      8,560 SF

      Harrisburg Apartment Building with River Views

      8-unit apartment building with river views and value-add potential.
      315 N FRONT Street, HARRISBURG, PA 17101
      View Details
    • $305,900

      Mixed-Use Property in Downtown Harrisburg

      Turn-key delicatessen with apartment in Harrisburg's vibrant downtown.
      512 North 3RD Street, Harrisburg, PA 17101
      View Details
    • $250,000
      1,543 SF

      Harrisburg Income Property with Garages

      Two-unit income property with additional garage rental income potential.
      3816 LOCUST Lane, HARRISBURG, PA 17109
      View Details
    • $315,000
      1,998 SF

      Midtown Harrisburg Duplex with Parking

      Turnkey duplex in Harrisburg's Midtown Historic District with parking.
      270 CALDER Street, HARRISBURG, PA 17102
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.3 acre tract near Interstate 81, Route 39.
    Where is this commercial land located?
    The property is located at 244 N HERSHEY Road Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime location at Exit 77 of Interstate 81 on Route 39, a high‑traffic area.; Proximity to Hershey attractions (Hershey Park, Giant Center, etc.) and major retailers/hotels.; Suitable for various uses: service, retail, commercial, or hotel.
    (717) 439-2115
    We can help!
    Listing Contact
    JAMES R KOURY
    JAMES R KOURY
    Real Estate License ID: RS138272A
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!