Two-Story Office Building with
For Sale
$995,000
403-405 N 2nd Street, Harrisburg, PA 17101
Two-story office building with newly renovated floors, glass walls, and covered parking in an attached gated garage.
Property Size6,702 SF
Days on Market95
Property Features for 403-405 N 2nd Street
General Information
Standard status
Active
Size
6,702 SF
Class
C
Property subtype
Office
Building Details
Building Size
6,702 SF
Year Built
1975
Listing Agency:
NAI CIR
Listed By:
Amber Corbo · License #RS351891
(717) 395-1804
Source:
Circommercial
Added: Jul 18
Changed: Oct 6
Last Checked: Oct 20 at 7:40PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office building offers newly renovated office space on both floors. The first floor includes two conference rooms, four private offices, and a reception area. The second floor provides multiple private offices, two conference rooms, an executive office with kitchenette, a cubical area, an eat-in kitchen, and a reception/lounging area, with modern finishes and glass walls that bring in natural light.
The property includes an attached gated garage with 23 private parking spaces, along with on-site covered parking. A new roof is noted in the public remarks.
For a practical layout, the building is configured with a mix of private offices and common gathering spaces, supporting either single-tenant use or an owner-user approach with additional income-producing suites, depending on how space is occupied.
The property includes an attached gated garage with 23 private parking spaces, along with on-site covered parking. A new roof is noted in the public remarks.
For a practical layout, the building is configured with a mix of private offices and common gathering spaces, supporting either single-tenant use or an owner-user approach with additional income-producing suites, depending on how space is occupied.
Key Highlights
- Two‑story office building (1975) with 10,000 SF total and newly renovated floors
- First floor (3,300 SF): 2 conference rooms, 4 private offices, and a reception area
- Second floor (6,700 SF): 14 private offices, 2 conference rooms, executive office with kitchenette, cubical area, eat‑in kitchen, and reception/lounge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,125
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,722,500
$1.7M
Cap Rate 7%
$1,230,357
$1.2M
Cap Rate 9%
$956,944
$956.9K
Market Conditions
NOI Build-Up for 6,702 SF
Gross rent
$134.3K $20.04/SF
− Vacancy
−$19.5K −$2.91/SF
EGI
$114.8K $17.13/SF
− OpEx
−$28.7K −$4.28/SF
NOI
$86.1K $12.85/SF
Area
Dauphin County, PA
Vacancy
14.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,722,500
Cap Rate 7%
$1,230,357
Cap Rate 9%
$956,944
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,125 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$12.34M
$10.80M – $14.40M
NOI $864,055 @ 7.0% cap · market cap 86.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,281
Businesses Nearby
Explore this area
Business Placement
Demographics for 17101, PA
2,901
Population
2,190
Households
1.3
Avg Household Size
36
Median Age
46%
College-Educated
96%
High-School Grad
0.5 sq mi
ZIP Area
5,802
Density / Sq Mi
$70,100
Median Household Income
$59,114
Median Earnings
$984
Median Rent
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with newly renovated floors, glass walls, and covered parking in an attached gated garage.
Where is this office building located?
The property is located at 403-405 N 2nd Street Harrisburg, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑story office building (1975) with 10,000 SF total and newly renovated floors; First floor (3,300 SF): 2 conference rooms, 4 private offices, and a reception area; Second floor (6,700 SF): 14 private offices, 2 conference rooms, executive office with kitchenette, cubical area, eat‑in kitchen, and reception/lounge
