1104 Herr StHarrisburg, PA 17103

This exceptional income-producing commercial property, located at 1104 Herr St, Harrisburg, PA 17103, presents a compelling investment opportunity. The 23,892 square foot building sits on a 0.49-acre lot and boasts a strong 8.76% capitalization rate, generating a net operating income (NOI) of $69,955 in 2023. Currently 100% occupied by three tenants under a modified lease agreement, the property offers diverse income streams. The building features a mix of retail and industrial spaces, perfectly suited for a variety of uses. The industrial zoning allows for flexibility, while the existing tenants include an auto repair shop (approximately 18,692 square feet), a hair salon (approximately 200 square feet), and an electronics store (approximately 5,000 square feet). The property includes one dock-high door and one drive-in door, along with two off-street parking areas, one at the rear and one across the alley, currently utilized by tenants. The building, constructed in 1900, is a two-story structure with one building. The property's APN is 07-073-045. The owner of the adjacent parking lots is open to offers. This turnkey investment offers significant potential for both passive income and future appreciation. The property's strong occupancy rate and consistent cash flow make it an attractive option for discerning investors. The flexible lease terms provide opportunities for long-term growth and potential value enhancement.