Fully Renovated Freestanding
For Sale
Contact for pricing
3710 Walnut Street, Harrisburg, PA 17109
Turnkey freestanding building on a highly visible corridor with ample on-site parking and Mixed Use zoning flexibility.
Property Size4,192 SF
Price / SF$172.95
Days on Market65
Property Features for 3710 Walnut Street
General Information
Standard status
Active
Size
4,192 SF
Class
B
Total Parking Spaces
25
Property subtype
Retail
Zoning
Mixed-Use (MU)
Investment Type
Owner/User
Building Details
Year Built
1960
Year Renovated
2025
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Landmark Commercial Realty
Listed By:
Bogumila 'Bo' Mangam · License #PA
Source:
Crexi
Added: Jun 6
Changed: Aug 8
Last Checked: Aug 8 at 5:22AM
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 fully renovated freestanding commercial building is being offered as a turnkey asset for an owner-user or investor. Ownership has invested approximately $300,000 over a two-year period and reports securing all necessary permits and approvals as part of the renovation work. The building is delivered move-in ready, positioned to support a range of commercial uses consistent with its Mixed Use zoning designation.
Located along a highly visible corridor with over 15,000 vehicles per day, the property offers convenient access to N. Progress Avenue. It is less than one mile from I-83 and sits within the rapidly expanding Linglestown Road corridor. The surrounding area includes more than 100,000 SF of retail and commercial growth, supported by ample on-site parking.
The property’s combination of visibility, accessibility, and on-site parking makes it suitable for a variety of tenant and operator needs. Mixed Use zoning supports applications including fast casual dining, medical or professional office, banking, and retail. This setup can fit organizations looking for a dedicated, renovated facility in a corridor with established commercial activity and convenient interstate access.
Located along a highly visible corridor with over 15,000 vehicles per day, the property offers convenient access to N. Progress Avenue. It is less than one mile from I-83 and sits within the rapidly expanding Linglestown Road corridor. The surrounding area includes more than 100,000 SF of retail and commercial growth, supported by ample on-site parking.
The property’s combination of visibility, accessibility, and on-site parking makes it suitable for a variety of tenant and operator needs. Mixed Use zoning supports applications including fast casual dining, medical or professional office, banking, and retail. This setup can fit organizations looking for a dedicated, renovated facility in a corridor with established commercial activity and convenient interstate access.
Key Highlights
- Fully renovated freestanding commercial building with approx. 2,000 SF
- Situated on approx. 0.5 acres along a highly visible corridor with 15,000+ vehicles per day
- Ample on‑site parking and mixed use zoning for a range of applications
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,035
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$840,700
$840.7K
Cap Rate 7%
$600,500
$600.5K
Cap Rate 9%
$467,056
$467.1K
Market Conditions
NOI Build-Up for 4,192 SF
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.
Gross rent
$62.9K $15.00/SF
− Vacancy
−$2.8K −$0.68/SF
EGI
$60.1K $14.33/SF
− OpEx
−$18.0K −$4.30/SF
NOI
$42.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$840,700
Cap Rate 7%
$600,500
Cap Rate 9%
$467,056
Alternative Uses
Best Use
Retail
$600.5K
$525.4K – $700.6K
NOI $42,035 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.72M
$6.76M – $9.01M
NOI $540,454 @ 7.0% cap · market cap 74.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
646
Businesses Nearby
8k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 89%
Dining 11%
Sunoco
Shops & Services
3,732 visits/mo
0.4 miles
76
Shops & Services
3,200 visits/mo
0.3 miles
Parkside Cafe
Dining
828 visits/mo
0.1 miles
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 Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- The Garden Path Gifts and Flowers — 3810 Walnut St, Harrisburg, PA 17109
Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey freestanding building on a highly visible corridor with ample on-site parking and Mixed Use zoning flexibility.
Where is this storefront property located?
The property is located at 3710 Walnut Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Fully renovated freestanding commercial building with approx. 2,000 SF; Situated on approx. 0.5 acres along a highly visible corridor with 15,000+ vehicles per day; Ample on‑site parking and mixed use zoning for a range of applications
