Colonial Park Commercial/Residential
4312 FRITCHEY STREET Harrisburg, PA 17109
For Sale
$285,000
Commercial/Residential building in Colonial Park, currently rented to a spa.
Property Size969 SF
Lot Size0.23 Acres
Price / SF$294.12
Days on Market761
Property Features for 4312 FRITCHEY STREET
General Information
Standard status
Active
Size
969 SF
Lot size
0.23 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1952
Listing Agency:
TrueVision, REALTORS
(717) 648-2587
Listed By:
Mr. DONALD WALKER JR. · License #RS323307
(717) 648-2587
Source:
Exitrealty
Added: Jun 27, 2024
Changed: Jul 6
Last Checked: Jul 26 at 9:09AM
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 TrueVision, REALTORS
Investment Insights
Based on property information with market context.
This commercial/residential building is located in Colonial Park, one block from Route 22 and Jonestown Road, and right off Interstate 83. The property is currently rented to a professional spa for health-related services under a lease agreement. The tenant is responsible for all utilities, lawn care, and snow removal. The building includes a finished 969-square-foot basement with walk-out stairs. Ample straight-in parking is available in front of the entrance. An asphalt driveway in good condition runs through the property, providing an exit to the alley. There are three additional large storage buildings that offer potential for additional income. A 520-square-foot garage has been converted into a finished space with heat, air conditioning, and available water and sewer lines. This converted garage has a potential rent of $500 per month as is, or $800 per month if converted to a studio apartment. Unit 1 has a rent potential of $200 per month, and Unit 2 has a rent potential of $300 per month; both units have electric. The property is being sold "As is".
Key Highlights
- Prime location in Colonial Park, just one block from Rt 22/Jonestown Rd and right off I‑83.
- Currently rented to a professional spa with lease in place, providing immediate income.
- Tenant pays all utilities, lawn care, and snow removal, minimizing landlord responsibilities.
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 | $19.4k | $20.04 |
| − Vacancy | −$2.8k | −$2.91 |
| EGI | $16.6k | $17.13 |
| − OpEx | −$4.2k | −$4.28 |
| NOI | $12.5k | $12.85 |
969 SF · lease $20.04/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$177.9K
$155.7K – $207.5K
NOI $12,452 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,928 @ 7.0% cap · market cap 43.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Diem Nguyen, LOM — 4814 Jonestown Rd Suite #101, Harrisburg, PA 17109
- Madeira David M DC — 114 prince st, harrisburg, pa 17109
- Trillion Dollar Transformation — 4805 Locust Ln, Harrisburg, PA 17109
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Commercial/Residential building in Colonial Park, currently rented to a spa.
Where is this spa & wellness property located?
The property is located at 4312 FRITCHEY STREET Harrisburg, PA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Prime location in Colonial Park, just one block from Rt 22/Jonestown Rd and right off I‑83.; Currently rented to a professional spa with lease in place, providing immediate income.; Tenant pays all utilities, lawn care, and snow removal, minimizing landlord responsibilities.
