Mixed-Use Property with
New
For Sale
$2,600,000
3525-3535 Walnut Street, Harrisburg, PA 17109
The property combines customer-facing display space, office areas, and two warehouse buildings on a corner parcel.
Property Size23,744 SF
Days on Market2
Property Features for 3525-3535 Walnut Street
General Information
Standard status
Active
Size
23,744 SF
Class
B
Property subtype
Office
Site & Location
Corner Location
Yes
Road Access
Yes
Building Details
Building Size
23,744 SF
Year Built
1970
Listing Agency:
NAI CIR
Listed By:
Daniel J. Alderman · License #PA #RS134079A
(717) 579-2052
Source:
Circommercial
Added: Oct 19
Last Checked: Oct 19 at 2:19PM
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.
Built in 1970, this mixed-use property brings together a 4,500+/- SF showroom, two floors of office space measuring 4,255+/- SF each, and two warehouses. The warehouse buildings contain 4,920+/- SF and 4,669+/- SF, respectively, and warehouse racking is included in the sale.
The property occupies a corner at 3525-3535 Walnut Street in Harrisburg, Pennsylvania, at a signal-controlled intersection along a heavily traveled roadway. Its combination of display, office, and warehouse areas is arranged across multiple buildings and two office levels.
The property occupies a corner at 3525-3535 Walnut Street in Harrisburg, Pennsylvania, at a signal-controlled intersection along a heavily traveled roadway. Its combination of display, office, and warehouse areas is arranged across multiple buildings and two office levels.
Key Highlights
- 4,500+/- SF showroom
- Two office floors, each 4,255+/- SF
- Warehouses measure 4,920+/- SF and 4,669+/- SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,093
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,761,860
$4.8M
Cap Rate 7%
$3,401,329
$3.4M
Cap Rate 9%
$2,645,478
$2.6M
Market Conditions
NOI Build-Up for 23,744 SF
Gross rent
$356.2K $15.00/SF
− Vacancy
−$16.0K −$0.68/SF
EGI
$340.1K $14.33/SF
− OpEx
−$102.0K −$4.30/SF
NOI
$238.1K $10.03/SF
Area
Dauphin County, PA
Vacancy
4.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,761,860
Cap Rate 7%
$3,401,329
Cap Rate 9%
$2,645,478
Alternative Uses
Best Use
Warehouse
$27.53M
$24.09M – $32.12M
NOI $1,927,072 @ 7.0% cap · market cap 74.12%
Second Best
Mixed Use
$4.12M
$3.61M – $4.81M
NOI $288,490 @ 7.0% cap · market cap 11.10%
Theoretical Best
Specialty Retail
$43.73M
$38.26M – $51.02M
NOI $3,061,195 @ 7.0% cap · market cap 117.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 17109, PA
25,232
Population
11,808
Households
2.1
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
7.0 sq mi
ZIP Area
3,605
Density / Sq Mi
$70,618
Median Household Income
$42,908
Median Earnings
$1,234
Median Rent
$203,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines customer-facing display space, office areas, and two warehouse buildings on a corner parcel.
Where is this mixed-use property located?
The property is located at 3525-3535 Walnut Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 4,500+/- SF showroom; Two office floors, each 4,255+/- SF; Warehouses measure 4,920+/- SF and 4,669+/- SF
