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    1051 Avila Rd Harrisburg, PA 17109

    Sponsored
    For Sale
    $5,500,000

    184-Unit Medical/Multifamily Complex

    Property size:
    124,438 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional redevelopment opportunity in Harrisburg, PA. This 124,438 sq ft property, encompassing two buildings on 6.78 acres, offers significant potential. Previously a 184-bed skilled nursing home, the property boasts a main five-story masonry building (116,338 sq ft) and a two-story outbuilding (8,100 sq ft). Features include a full industrial kitchen, dining hall, laundry facilities, specialty medical offices, and ample storage. The property's Institutional zoning (IN) allows for diverse uses, including assisted living, long-term acute care, micro-hospital, rehabilitation center, medical campus, or high-density multifamily. With 128 parking spaces and an ideal location at the Union Deposit Road interchange of I-83, adjacent to UPMC Community Osteopathic Hospital, this $5,500,000 property presents a compelling investment. Built in 1973, the property has expansion capabilities based on density allowances. The asking price is $44.20 per square foot. This is a single-tenancy property with 184 units.

    Property Features for 1051 Avila Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    124,438 SF
    Class
    C
    Lot Size
    295,337 SF

    Building Details

    Year Built
    1973
    Buildings
    2
    Stories
    6
    Units
    184
    Property Profile Location Intelligence

    Current Use by Public Records

    Villa Teresa Nursing ... Nursing Home

    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
    -76.81555861
    Latitude
    40.28010766

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    FAQs

    What type of property is this?
    Multifamily property - 184-Unit Medical/Multifamily Complex
    Where is this multifamily property located?
    The property is located at 1051 Avila Rd Harrisburg, PA.
    What is the asking price?
    The asking price for this property is $5,500,000.
    Request Owner's contact information
    1051 Avila Rd Harrisburg, PA 17109
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    Harrisburg, PA 17109
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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
    1051 Avila Rd Harrisburg, PA 17109
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