Freestanding Commercial Property in
2642 Walnut Street Harrisburg, PA 17103
For Sale
Contact for pricing
1,400 SF commercial property with high visibility and parking.
Property Size1,400 SF
Price / SF$125
Days on Market76
Property Features for 2642 Walnut Street
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Retail, Office
Building Details
Year Built
1950
Listing Agency:
Landmark Commercial Realty
Listed By:
Daniel Scott · License #RS379464
Source:
Crexi
Added: May 13
Changed: Jul 10
Last Checked: Jul 26 at 4:23PM
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 Landmark Commercial Realty
Investment Insights
Based on property information with market context.
This freestanding commercial property, situated in Penbrook Borough, Harrisburg, offers approximately 1,400 square feet of functional space. The layout includes a loft/mezzanine area. The property is suitable for a variety of professional office, service, or retail uses. Benefiting from strong visibility along Walnut Street, the location experiences traffic counts exceeding 6,700 vehicles per day. On-site parking is available. The property is positioned within a growing residential area, creating potential for both customer traffic and neighborhood-serving businesses.
Key Highlights
- High Visibility: Located on Walnut Street with over 6,700 vehicles passing daily.
- Functional Space: Approximately 1,400 sq ft with a loft/mezzanine.
- On‑Site Parking: Includes dedicated parking spaces.
Financial Insights For Retail
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 | $21.0k | $15.00 |
| − Vacancy | −$945 | −$0.68 |
| EGI | $20.1k | $14.33 |
| − OpEx | −$6.0k | −$4.30 |
| NOI | $14.0k | $10.03 |
1,400 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$257.0K
$224.9K – $299.9K
NOI $17,991 @ 7.0% cap · market cap 10.28%
Second Best
Retail
$200.6K
$175.5K – $234.0K
NOI $14,039 @ 7.0% cap · market cap 8.02%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,495 @ 7.0% cap · market cap 103.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 1,400 SF commercial property with high visibility and parking.
Where is this retail space located?
The property is located at 2642 Walnut Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: High Visibility: Located on Walnut Street with over 6,700 vehicles passing daily.; Functional Space: Approximately 1,400 sq ft with a loft/mezzanine.; On‑Site Parking: Includes dedicated parking spaces.
