100 Pne St, Harrisburg, PA 17101-1200
This exceptional nine-story, 98,520 square foot Class B office building, located at 100 Pine Street in Harrisburg, Pennsylvania, presents a compelling value-add investment opportunity. Boasting a prominent corner location at North Front and Pine Streets, the property offers stunning Susquehanna River views, particularly from its ninth-floor veranda. Built in 1966 with renovations in 1985 and 1992, the building features three passenger elevators, a freight elevator, and restrooms on each floor. The spacious floorplates, averaging approximately 11,000 square feet, currently serve as corporate headquarters. The building includes a large street-level lobby with entrances from both North Front and Pine Streets, and convenient access to covered parking via North River Street. The property also includes 178 covered parking spaces, 137 of which are individual condo parcels in an adjacent building, offering significant additional income potential. Situated in the Riverfront District, the building benefits from its proximity to major transportation arteries (I-83, I-81, I-76, US-322, US-22, US-11, US-15), the State Capitol Complex, UPMC Harrisburg Hospital Campus, and the new Federal Courthouse. The Harrisburg office market boasts a low vacancy rate due to its affordability, strong infrastructure, and the presence of government agencies. The property's location and size make it an ideal candidate for redevelopment, potentially residential conversion, given Harrisburg's ranking as a desirable place to live and the high demand for workforce housing. The asking price is $10,950,000, with a price per square foot of $111.14. The 0.28-acre lot is zoned for Riverfront District use. The property is offered fee simple, with no ground lease.
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Joseph Chapman Law Firm
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Gemmill Helen L Law Firm
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HR Influenced Employment Agency Business Service Center
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Jarman Michael G Law Firm
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Kutz James W Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.