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    123 Enola Dr Enola, PA 17025

    Sponsored
    For Sale
    $2,650,000

    Prime Enola office space, multi-tenant, high ROI.

    Property size:
    42,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two office buildings totaling 42,360 square feet situated on a 1.94-acre lot in Enola, Pennsylvania (APN: 09-14-0832-189). The property, zoned Village Overlay, consists of two buildings: a renovated 30,000 square foot former schoolhouse featuring numerous office suites ranging from 250 to 1,000 square feet, and a newer 12,360 square foot building ideal for an end-user. Currently, there are only three unoccupied spaces among the 24 office rental units. The property boasts 100 parking spaces and has recently undergone $170,000 in capital improvements. Built in 1920 and 2004, this Class B, multi-tenant property offers a modified lease type and is priced at $2,650,000 ($62.56/sq ft). Its convenient location offers easy access to Routes 11/15 and I-81, placing it near East Pennsboro schools, Central Penn College, and Penn State Health Holy Spirit Medical Center. This presents a strong cap rate and a compelling opportunity for investors seeking a well-maintained, centrally located commercial property with significant upside potential. The property is offered as a whole.

    Property Features for 123 Enola Dr

    General Information

    Property type
    Office space
    Square Feet
    42,360 SF
    Class
    B
    Lot Size
    84,506 SF

    Building Details

    Buildings
    2

    HighLights

    • $170,000 in recent capital improvements.
    • Strong cap rate with only three vacant units.
    • Two office buildings totaling 42,360 square feet on a 1.94‑acre lot.
    • Converted schoolhouse at 125 N. Enola Drive with multiple suites ranging from 250 to 1,000 square feet.
    • Newer 12,360 square foot office building at 123 N. Enola Drive suitable for an end‑user.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tri County Community ... Social Services Organization

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Enola
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.9350027
    Latitude
    40.29254

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Office space - Prime Enola office space, multi-tenant, high ROI.
    Where is this office space located?
    The property is located at 123 Enola Dr Enola, PA.
    What is the asking price?
    The asking price for this property is $2,650,000.
    What are key features of this property?
    This property features: $170,000 in recent capital improvements.; Strong cap rate with only three vacant units.; Two office buildings totaling 42,360 square feet on a 1.94-acre lot.
    Request Owner's contact information
    123 Enola Dr Enola, PA 17025
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    123 Enola Dr Enola, PA 17025
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