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    321 2Nd St Harrisburg, PA 17101

    Sponsored
    For Lease
    $6 SF/Yr ($5,999 /Mo)

    Prime 11,998 sq ft retail space, ideal for redevelopment.

    Lot size:
    11,998 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 11,998-square-foot commercial property, located at 321 N 2nd St, Harrisburg, PA 17101, presents a unique redevelopment opportunity. Previously operating as a restaurant and bar, this single-tenant space offers significant potential for a variety of uses. Situated on a 0.1-acre lot at the corner of Barbara Street and South Street, the building boasts excellent visibility and accessibility. Its prime location within Harrisburg's central business district, on what is known as Restaurant Row, places it amidst a vibrant mix of retail shops, offices, eateries, and residential apartments. The property is conveniently located within walking distance of numerous amenities, including the State Capitol building, riverfront access, bus and train stations, hotels, UPMC Hospital, Harrisburg University, Strawberry Square, and the Whitaker Center for Science and the Arts. The building features an elevator and is zoned for commercial neighborhood use. With 11,998 square feet of vacant space, this property is ready for immediate occupancy and customization to suit a wide range of business needs. This is a rare opportunity to acquire a substantial commercial property in a thriving downtown location.

    Property Features for 321 2Nd St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,998 SF
    Total Rate
    5999

    Unit(s) available at that property

    Space
    Size
    11,998 SF
    Rate per SF
    $6

    HighLights

    • Desirable location on "Restaurant Row" in Harrisburg's downtown Capital District, walking distance to the State Capitol.
    • Corner lot with high visibility.
    • Former restaurant and bar; ideal for redevelopment.
    • Building features an elevator.
    • Walking distance to Strawberry Square, Whitaker Center, Harrisburg University, hotels, and state government offices.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8857203
    Latitude
    40.26258

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    FAQs

    What type of property is this?
    Restaurant - Prime 11,998 sq ft retail space, ideal for redevelopment.
    Where is this restaurant located?
    The property is located at 321 2Nd St Harrisburg, PA.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: Desirable location on "Restaurant Row" in Harrisburg's downtown Capital District, walking distance to the State Capitol.; Corner lot with high visibility.; Former restaurant and bar; ideal for redevelopment.
    Request Owner's contact information
    321 2Nd St Harrisburg, PA 17101
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    Harrisburg, PA 17101
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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
    321 2Nd St Harrisburg, PA 17101
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