Property profile

381 Independence Ave Mechanicsburg, PA 17055

OFF-MARKET
Commercial real estate
Property ID
US73-1094954
5.69 ac lot
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A flex space, located at 381 Independence Avenue in Mechanicsburg, Pennsylvania (17055), offers 4,126 square feet of versatile space within a larger 49,311 square foot multi-tenant building. Built in 2008, this property sits on a 5.69-acre lot and boasts numerous energy-efficient features, including a 45-mil white EPDM roof, T-5 fluorescent lighting, R-20 rigid roof insulation, and Type 2-B noncombustible insulated architecturally designed split face masonry exterior walls. The building's design allows for efficient use of space, with each unit featuring a 102-foot depth accommodating two dock doors and one oversized drive-in door. Dock equipment is slated for installation. The property includes a full sprinkler system and a spacious 110-foot truck court. The flexible industrial zoning allows for a wide range of potential uses, details of which can be found in the zoning abstract on file with Upper Allen Township. This property is under new ownership and management, offering a prime opportunity for businesses seeking modern, efficient, and well-located space in the Upper Allen Township submarket, conveniently situated at the intersection of Independence Avenue and Allendale Road. The building's ceiling height is 18 feet.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 5.69 ac (247,856 SF)
APN 42-10-0646-056
UPID US73-1094954

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Production Facility
  • General Contractor Construction Company
  • Real Estate Agency

Location

381 Independence Ave Mechanicsburg, PA 17055-6105
Mechanicsburg metro Census 11608 HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$460k

Owner & transaction history

since 2018
3 recorded transactions
2019
Price N/A
2018
$4.5M
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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