Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4814 Jonestown Rd Harrisburg, PA 17109

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Harrisburg retail investment opportunity. High traffic area.

    Property size:
    3,860 SF

    Property Features for 4814 Jonestown Rd

    General Information

    Property type
    Retail properties
    Square Feet
    3,860 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1924

    We can help!

    Listing Contact
    Chad Stine
    Chad Stine

    Listing Agency: Bennett Williams Commercial - Lancaster Listing Agent: Chad Stine

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This Harrisburg, PA mixed-use building at 4814 Jonestown Road presents a compelling investment opportunity. The 3,860 square foot property, situated on a 0.18-acre lot, boasts a prime location on Route 22, experiencing daily traffic exceeding 30,000 vehicles. Built in 1924, the building features two retail suites and a two-bedroom, one-bathroom apartment, providing diverse income streams. Recent upgrades include a new roof and updated mechanical systems within the last ten years. The Commercial General zoning allows for flexible use, accommodating various businesses beyond the current retail configuration. Ample parking and storage are included. Asking price is $699,000, translating to $181.09 per square foot. This property offers significant potential for investors seeking a well-located, income-producing asset in a high-traffic area of Dauphin County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Alta View Wellness ... Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.8080083
    Latitude
    40.3047758

    Nearby Similar for Sale

    • $275,000
      2,048 SF

      Renovated Multifamily Property on Market Street

      Turnkey 2-unit property with modern updates and flexible use.
      1226 Market Street Rd, Harrisburg, PA 17103
      View Details
    • $250,000
      1,400 SF

      Harrisburg Commercial End Cap Suite

      End cap office suite in Harrisburg suburban submarket.
      2151 Linglestown Rd, Harrisburg, PA 17110
      View Details
    • $110,000
      0.13 Acres

      Affordable Office Space with Land

      Modest office space with land, suitable for various businesses.
      420 S 21St St, Harrisburg, PA 17104
      View Details
    • $1,200,000
      0.25 Acres

      Historic Harrisburg Building on Riverfront

      Three-story brick building with river views and redevelopment potential.
      213 N Front St, Harrisburg, PA 17101
      View Details
    • $475,000
      0.04 Acres

      Versatile Midtown Harrisburg Commercial Property

      Flexible commercial property suitable for office, residential, or live-work use.
      933 Rose St, Harrisburg, PA 17102
      View Details
    • $995,000
      8,560 SF

      Harrisburg Apartment Building with River Views

      8-unit apartment building with river views and value-add potential.
      315 N Front St, Harrisburg, PA 17101
      View Details
    • $395,000
      20,000 SF

      Mixed-Use Property with Retail and Apartments

      Established flower shop with four apartments in Harrisburg, Pennsylvania.
      647 S 29Th St, Harrisburg, PA 17111
      View Details
    • $305,900
      0.01 Acres

      Mixed-Use Property in Downtown Harrisburg

      Turn-key delicatessen with apartment in Harrisburg's vibrant downtown.
      512 North 3Rd St, Harrisburg, PA 17101
      View Details
    • $899,950
      1,764 SF

      Mixed-Use Property in Harrisburg, PA

      Unique investment opportunity with residential and business potential.
      7548 Linglestown Rd, Harrisburg, PA 17112
      View Details
    • $325,000
      1,998 SF

      Midtown Harrisburg Duplex with Parking

      Turnkey duplex in Harrisburg's Midtown Historic District.
      270 Calder St, Harrisburg, PA 17102
      View Details
    • $973,680
      30,000 SF

      Medical/Professional Office Suite Available

      8,190 SF medical/professional office suite for sale or lease.
      Union Deposit Rd, Harrisburg, PA 17111
      View Details
    • $524,900
      4,291 SF

      Turnkey Office/Medical Condo For Sale

      Turnkey office/medical condo with exceptional visibility and unparalleled access.
      5925 Stevenson Ave, Harrisburg, PA 17112
      View Details

    FAQs

    What type of property is this?
    Retail property - Harrisburg retail investment opportunity. High traffic area.
    Where is this retail property located?
    The property is located at 4814 Jonestown Rd Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: High-visibility building on a 0.18-acre lot in the prime Route 22 corridor.; Two retail suites and a one-bedroom, one-bathroom apartment, including parking and substantial storage.;
    (717) 843-5555 Call to check price and availability
    Request Owner's contact information
    4814 Jonestown Rd Harrisburg, PA 17109
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4814 Jonestown Rd
    Harrisburg, PA 17109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    4814 Jonestown Rd Harrisburg, PA 17109
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chad Stine
    Chad Stine
    Real Estate License ID: RS223285L
    (717) 843-5555 (717) 968-7505
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!