Add Listing
    For Lease
    • 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

    27 3Rd St Harrisburg, PA 17101

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime location, 1,428 sq ft retail space

    Lot size:
    4,428 SF

    Property Features for 27 3Rd St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,428 SF

    Building Details

    Year Built
    1900
    Buildings
    1

    Spaces For Lease

    at 27 3Rd St, Harrisburg, PA 17101 Contact us

    We can help!

    Listing Contact
    Bradley A Rohrbaugh
    Bradley A Rohrbaugh

    Listing Agency: Bennett Williams Realty, Inc. Listing Agent: Bradley A Rohrbaugh

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

    Learn more

    Property Insight Report

    Overview

    This 1,428 square foot retail space at 27 South 3rd Street in Harrisburg, Pennsylvania offers a fantastic opportunity in a thriving central business district location. Built in 1900, this single-tenant property is situated just one block from Strawberry Square and directly across from the new Harrisburg University Health Science Education Center. Its prime location provides exceptional visibility and accessibility, benefiting from high foot traffic and proximity to major attractions and amenities. The property is within easy reach of UPMC Hospital, Hilton Harrisburg, Crowne Plaza, Whitaker Center, county and federal courthouses, and the Amtrak train station. The Capitol Complex is only three blocks away, contributing to a substantial workforce of approximately 30,000 people within a five-block radius (2019 data). The total building size is 4,428 square feet, with this unit occupying the first floor. This street-level retail space presents a unique chance to establish or expand a business in a vibrant and well-connected area of Harrisburg. The property is located in Dauphin County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Monroe Brothers Bed ... Garden Center

    Suggested Use

    Real Estate Agency Spa & Massage Center Dental Office Restaurant Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Harrisburg
    County
    Dauphin
    State
    Pennsylvania
    Longitude
    -76.879584
    Latitude
    40.2604914

    Nearby Similar for Lease

    • $1,300 /Mo

      Visible Office/Retail Space Available

      Cost-effective office/retail space with high visibility in Harrisburg, PA.
      4903 Jonestown Rd, Harrisburg, PA 17109
      View Details
    • $2,100 /Mo
      27,443 SF

      Harrisburg Office Space For Lease

      Office space for lease with frontage on Linglestown Road.
      4401 Linglestown Rd, Harrisburg, PA 17112
      View Details
    • $95,000
      2,117,016 SF

      Harrisburg Office Space For Lease

      Office space for lease in Harrisburg, 15 minutes from city.
      200 Tech Dr, Harrisburg, PA 17112
      View Details
    • $18 SF/Yr
      466,092 SF

      Harrisburg Office Space For Lease

      Office space for lease in Harrisburg, PA. Up to 42,000SF.
      3815 Tecport Dr, Harrisburg, PA 17111
      View Details
    • $525 /Mo
      39,050 SF

      Downtown Office Building For Rent

      Downtown Harrisburg office building, ideal for attorneys and associations.
      800 N 3Rd St, Harrisburg, PA 17102
      View Details
    • Contact for pricing
      21,000 SF

      Class A Office Space Harrisburg

      Class A office space in downtown Harrisburg's prestigious building.
      17 North 2Nd St, Harrisburg, PA 17101
      View Details
    • $6 SF/Yr
      30,000 SF

      Union Deposit Road Office Suites

      Medical and professional office suites available for lease.
      4700 Union Deposit Rd, Harrisburg, PA 17111
      View Details
    • $15 SF/Yr
      1,394 SF

      Harrisburg Office Suites For Lease

      First-floor office suites with Susquehanna River views and convenient access.
      3211 N Front St, Harrisburg, PA 17110
      View Details
    • $14 SF/Yr
      3,914 SF

      Harrisburg Office Building with Parking

      Office building or space for lease with on-site parking.
      1515 N Front St, Harrisburg, PA 17102
      View Details
    • $15 SF/Yr
      2,000 SF

      Renovated Office Suites For Lease

      Flexible, move-in ready office suites in a convenient location.
      4051 Executive Park Dr, Harrisburg, PA 17111
      View Details
    • $14 SF/Yr
      1,840 SF

      Harrisburg Office Space For Lease

      Office space for lease with on-site parking and river views.
      1511 N Front St, Harrisburg, PA 17102
      View Details
    • $14 SF/Yr
      1,485 SF

      Office and Retail Suites Available

      Office and retail suites for lease in Lower Paxton Township.
      5301 Jonestown Rd, Harrisburg, PA 17112
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime location, 1,428 sq ft retail space
    Where is this individual retail property located?
    The property is located at 27 3Rd St Harrisburg, PA.
    What are key features of this property?
    This property features: 1,428 SF street retail space in Harrisburg's central business district.; Single-tenant occupancy.; Located one block from Strawberry Square and across from Harrisburg University's Health Science Education Center.
    (717) 843-5555 Call to check price and availability
    Request Owner's contact information
    27 3Rd St Harrisburg, PA 17101
    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.
    27 3Rd St
    Harrisburg, PA 17101
    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
    27 3Rd St Harrisburg, PA 17101
    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 Bradley A Rohrbaugh
    Bradley A Rohrbaugh
    Real Estate License ID: RS223194L
    (717) 843-5555
    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!