Hampden Township Industrial Flex
For Sale
Contact for pricing
415 Railroad Avenue, Camp Hill, PA 17011
Industrial flex space with abundant parking and outside storage.
Property Size42,700 SF
Days on Market230
Property Features for 415 Railroad Avenue
General Information
Standard status
Active
Size
42,700 SF
Property subtype
Industrial
Lease Term
NNN
Building Details
Building Size
42,700 SF
Year Built
1981
Properties For Sale
at 415 Railroad Avenue Contact usSuite A
Size
14,800 SF
Type
Flex Space
Term
Negotiable
Suite B
Size
7,072 SF
Type
Flex Space
Term
Negotiable
Suite C Combined
Size
21,872 SF
Type
Flex Space
Term
Negotiable
Listed By:
Jason Grace, CCIM, SIOR · License #PA #AB065863
(717) 421-1943
Source:
Tcnworldwide
Added: Mar 6
Changed: Oct 16
Last Checked: Oct 20 at 5:27PM
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 Jason Grace, CCIM, SIOR
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Investment Insights
Based on property information with market context.
This property offers an opportunity to lease industrial flex space in Hampden Township. Its general industrial zoning and small suites make it an attractive option. The property features abundant parking and outside storage options. It provides quick connection via Rt. 581 Capitol Beltway to I-83 and I-81 transportation corridors. The location is an infill location with industrial rental rates along the heavily traveled Trindle Road commercial corridor. The property has grade level and dock high loading capability. Its location and heavy industrial zoning are suitable for contractor pickup, service and repair uses, transportation, warehousing, and supply distributors. Numerous amenities are located within a one-mile radius. The property was fully renovated in 2018. The flexible zoning permits commercial and industrial uses and includes a material staging area.
Key Highlights
- Excellent location with quick access to Rt. 581, I‑83, and I‑81.
- Flexible zoning permits commercial and industrial uses.
- Abundant parking and outside storage options.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,086
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,401,720
$4.4M
Cap Rate 7%
$3,144,086
$3.1M
Cap Rate 9%
$2,445,400
$2.4M
Market Conditions
NOI Build-Up for 42,700 SF
Gross rent
$358.7K $8.40/SF
− Vacancy
−$20.1K −$0.47/SF
EGI
$338.6K $7.93/SF
− OpEx
−$118.5K −$2.78/SF
NOI
$220.1K $5.15/SF
Area
Cumberland County, PA
Vacancy
5.60%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,401,720
Cap Rate 7%
$3,144,086
Cap Rate 9%
$2,445,400
Alternative Uses
Best Use
Industrial
$3.43M
$3.00M – $4.00M
NOI $240,097 @ 7.0% cap · market cap 3,454,633.09%
Second Best
Flex RnD
$3.14M
$2.75M – $3.67M
NOI $220,086 @ 7.0% cap · market cap 3,166,705.04%
Theoretical Best
Office A
$9.92M
$8.68M – $11.57M
NOI $694,322 @ 7.0% cap · market cap 9,990,244.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 17011, PA
36,184
Population
14,999
Households
2.4
Avg Household Size
41
Median Age
44%
College-Educated
92%
High-School Grad
13.1 sq mi
ZIP Area
2,762
Density / Sq Mi
$88,889
Median Household Income
$52,518
Median Earnings
$1,270
Median Rent
$261,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex space with abundant parking and outside storage.
Where is this flex space located?
The property is located at 415 Railroad Avenue Camp Hill, PA.
What are key features of this property?
This property features: Excellent location with quick access to Rt. 581, I‑83, and I‑81.; Flexible zoning permits commercial and industrial uses.; Abundant parking and outside storage options.
