Freestanding Retail Building For
For Sale
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6001 Larue St, Harrisburg, PA 17112
1,702 SF retail building in Harrisburg, PA for sale.
Property Size1,702 SF
Lot Size0.20 Acres
Price / SF$146.89
Days on Market189
Property Features for 6001 Larue St
General Information
Standard status
Active
Size
1,702 SF
Lot size
0.20 Acres
Property subtype
Office, Retail
Zoning
CN
Building Details
Year Built
1957
Listing Agency:
Scope Investment Real Estate Services
Listed By:
Abe Khan · License #PA RS296148
Source:
Crexi
Added: Feb 4
Changed: Aug 8
Last Checked: Aug 8 at 6:32AM
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 Scope Investment Real Estate Services
Investment Insights
Based on property information with market context.
This 1,702 SF freestanding retail building is located on Larue Street in the Linglestown submarket of Harrisburg, Pennsylvania. Situated on an 8,712 SF parcel, the property offers a flexible layout suitable for a variety of retail, office, or service-oriented uses. The property is zoned CN (Commercial Neighborhood) and is served by public sewer, with water supplied via an on-site well. The site benefits from strong visibility, on-site parking, and proximity to major retail destinations including Paxton Towne Center, Colonial Commons, and Harrisburg East Shopping Center, home to numerous national retailers. Surrounded by established residential neighborhoods and strong demographics, this offering presents an ideal opportunity for an owner-user or investor seeking a well-located, infill retail asset.
Key Highlights
- Freestanding 1,702 SF retail building in the Linglestown submarket.
- Attractive price of $250,000 offering a low basis.
- Flexible layout suitable for retail, office, or service‑oriented uses.
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
$21,872
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
8.75%
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%
$437,440
$437.4K
Cap Rate 7%
$312,457
$312.5K
Cap Rate 9%
$243,022
$243.0K
Market Conditions
NOI Build-Up for 1,702 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
$34.1K $20.04/SF
− Vacancy
−$4.9K −$2.91/SF
EGI
$29.2K $17.13/SF
− OpEx
−$7.3K −$4.28/SF
NOI
$21.9K $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 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%
$437,440
Cap Rate 7%
$312,457
Cap Rate 9%
$243,022
Alternative Uses
Best Use
Office B
$312.5K
$273.4K – $364.5K
NOI $21,872 @ 7.0% cap · market cap 8.75%
Second Best
Retail
$243.8K
$213.3K – $284.5K
NOI $17,067 @ 7.0% cap · market cap 6.83%
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.66M
NOI $219,430 @ 7.0% cap · market cap 87.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17112, PA
37,137
Population
16,026
Households
2.3
Avg Household Size
44
Median Age
44%
College-Educated
95%
High-School Grad
69.6 sq mi
ZIP Area
534
Density / Sq Mi
$101,784
Median Household Income
$55,056
Median Earnings
$1,400
Median Rent
$290,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - 1,702 SF retail building in Harrisburg, PA for sale.
Where is this storefront property located?
The property is located at 6001 Larue St Harrisburg, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Freestanding 1,702 SF retail building in the Linglestown submarket.; Attractive price of $250,000 offering a low basis.; Flexible layout suitable for retail, office, or service‑oriented uses.
