Mixed-Use Office and Live-Work
For Sale
$342,000
118 S Hershey Road, Harrisburg, PA 17112
Two-story, well-maintained property with a partially finished basement and flexible space for live-work, retail, or professional office use.
Property Size1,708 SF
Price / SF$201.18
Days on Market197
Property Features for 118 S Hershey Road
General Information
Standard status
Active
Size
1,708 SF
Class
B
Property subtype
Single Tenant Office
Building Details
Building Size
1,708 SF
Year Built
1964
Stories
2
Listing Agency:
NAI | CIR
Listed By:
William Gladstone, CCIM, SIOR
(717) 761-5070
Source:
Thebrokerlist
Added: Apr 10
Changed: Oct 7
Last Checked: Oct 20 at 5:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI | CIR
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Investment Insights
Based on property information with market context.
This well-maintained two-story property offers flexible space suitable for residential living, retail, or professional office use. The layout includes a second floor along with a partially finished basement, creating additional functional areas for storage, work space, or future expansion.
Located in West Hanover Township, the property is positioned minutes from central Harrisburg amenities and benefits from visibility and accessibility that can support small business or office conversion.
With multiple levels and adaptable interior space, the building is designed to support a variety of mixed-use scenarios while retaining the character of a traditional home setting.
Located in West Hanover Township, the property is positioned minutes from central Harrisburg amenities and benefits from visibility and accessibility that can support small business or office conversion.
With multiple levels and adaptable interior space, the building is designed to support a variety of mixed-use scenarios while retaining the character of a traditional home setting.
Key Highlights
- Year built 1964 for a two‑story, well‑maintained property with flexible interior space
- Just over 1,700 sq ft of space suitable for residential living, retail, or professional office use
- Second floor plus partially finished basement adds extra functional room for storage, work areas, or expansion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,846
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,920
$436.9K
Cap Rate 7%
$312,086
$312.1K
Cap Rate 9%
$242,733
$242.7K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$34.1K $20.04/SF
− Vacancy
−$4.9K −$2.91/SF
EGI
$29.1K $17.13/SF
− OpEx
−$7.3K −$4.28/SF
NOI
$21.8K $12.85/SF
Area
Dauphin County, PA
Vacancy
14.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,920
Cap Rate 7%
$312,086
Cap Rate 9%
$242,733
Alternative Uses
Best Use
Office B
$312.1K
$273.1K – $364.1K
NOI $21,846 @ 7.0% cap · market cap 6.39%
Second Best
Mixed Use
$295.1K
$258.2K – $344.3K
NOI $20,655 @ 7.0% cap · market cap 6.04%
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.65M
NOI $219,173 @ 7.0% cap · market cap 64.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
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Business Placement
Demographics for 17112, PA
37,137
Population
16,026
Households
2.3
Avg Household Size
44
Median Age
44%
College-Educated
95%
High-School Grad
69.6 sq mi
ZIP Area
534
Density / Sq Mi
$101,784
Median Household Income
$55,056
Median Earnings
$1,400
Median Rent
$290,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Two-story, well-maintained property with a partially finished basement and flexible space for live-work, retail, or professional office use.
Where is this live-work space located?
The property is located at 118 S Hershey Road Harrisburg, PA.
What is the asking price?
The asking price for this property is $342,000.
What are key features of this property?
This property features: Year built 1964 for a two‑story, well‑maintained property with flexible interior space; Just over 1,700 sq ft of space suitable for residential living, retail, or professional office use; Second floor plus partially finished basement adds extra functional room for storage, work areas, or expansion
