Retail Center on Jonestown
5430 Jonestown Rd Harrisburg, PA 17112
5430 Jonestown Rd, Harrisburg, PA, 17112
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For Sale
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Retail center on Harrisburg's East Shore main retail corridor.
Property Size18,207 SF
Price / SF$148.29
Days on Market845
Property Features for 5430 Jonestown Rd
General Information
- Standard status
- Active
- Size
- 18,207 SF
- Property subtype
- Retail
Listing Agency
Landmark Commercial Realty
(717) 731-1990
Listed by
Chuck Heller · License #PA
Source
Crexi
Added: Mar 28, 2024 Updated: Jul 10 at 11:18 am Checked: Jul 20 at 6:09 am
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 retail center is located along Harrisburg’s East Shore main retail corridor, Jonestown Road (Rt 22). The property, with a size of 18207 square feet, is currently owned by Sofa Selections, who plan to vacate their 10,000 square feet space. Situated at the intersection of Jonestown Road and Allentown Boulevard, this high-profile location provides high-visibility, making it an ideal location for any user who desires it. This presents a unique owner/occupier investment opportunity.
Key Highlights
- High‑profile location at the intersection of Jonestown Road and Allentown Boulevard.
- Located along Harrisburg’s East Shore main retail corridor, Jonestown Road (Rt 22).
- 10,000 SF space available due to current owner vacating.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $273.1k | $15.00 |
| − Vacancy | −$12.3k | −$0.68 |
| EGI | $260.8k | $14.33 |
| − OpEx | −$78.2k | −$4.30 |
| NOI | $182.6k | $10.03 |
18,207 SF · lease $15.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.61M
$2.28M – $3.04M
NOI $182,571 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$33.53M
$29.34M – $39.12M
NOI $2,347,337 @ 7.0% cap · market cap 86.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sofa Selections- Harrsburg
Furniture & Home Goods
Similar For Sale Nearby
Similar Off Market Nearby
- TagWorks — PetSmart, 5098 Jonestown Rd, Harrisburg, PA 17112
- Coinstar Kiosk | Bitcoin ATM — Giant Carlisle, 5005 Jonestown Rd, Harrisburg, PA 17112
- Harrisburg East Shopping Center — 5001-5033 Jonestown Rd, Lower Paxton Township, PA 17112
- Colonial Commons — 5074-5116 Jonestown Rd, Harrisburg, PA 17112
- Paxton Towne Centre — 5125 Jonestown Rd, Harrisburg, PA 17112
FAQs
What type of property is this?
Shopping center - Retail center on Harrisburg's East Shore main retail corridor.
Where is this shopping center located?
The property is located at 5430 Jonestown Rd Harrisburg, PA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: High‑profile location at the intersection of Jonestown Road and Allentown Boulevard.; Located along Harrisburg’s East Shore main retail corridor, Jonestown Road (Rt 22).; **10,000 SF space available** due to current owner vacating.
