Mixed-Use Office and Live-Work
118 S Hershey Road Harrisburg, PA 17112
118 S Hershey Road, Harrisburg, PA, 17112
$342,000
For Sale
$342,000
Two-story, well-maintained property with a partially finished basement and flexible space for live-work, retail, or professional office use.
Property Size1,700 SF
Price / SF$201.18
Days on Market103
Property Features for 118 S Hershey Road
General Information
- Standard status
- Active
- Size
- 1,700 SF
- Property subtype
- Single Tenant Office
Building Details
- Year Built
- 1964
Listing agency
NAI | CIR
(717) 761-5070
Listed by
William Gladstone, CCIM, SIOR
(717) 761-5070
Source
Thebrokerlist
Added: Apr 10 Updated: Jul 21 at 6:50AM Checked: Jul 21 at 6:50AM
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $20.04 |
| − Vacancy | −$4.9k | −$2.91 |
| EGI | $29.1k | $17.13 |
| − OpEx | −$7.3k | −$4.28 |
| NOI | $21.8k | $12.85 |
1,700 SF · lease $20.04/SF/yr · vacancy 14.50% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
WildWoods Inn Hershey ...
Hotel & Motel
Similar For Sale Nearby
FAQs
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
