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    Property profile & analytics
    OFF-MARKET Estimated value $4,305,000
    Office Spaces

    100 Pne St, Harrisburg, PA 17101-1200

    98,520 SF 0.28 ac lot Built 1966
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US73-1946440
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1966
    Total area 98,520 SF
    Lot 0.28 ac (12,197 SF)
    APN 04-038-004
    UPID US73-1946440
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Joseph Chapman Law Firm
    • Gemmill Helen L Law Firm
    • HR Influenced Employment Agency Business Service Center
    • Jarman Michael G Law Firm
    • Kutz James W Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.42M
    Blend (final) Blend
    $4.31M
    Owner & transaction history
    Mcnees Wallace & Nurick LLC · 6 yrs held
    Mcnees Wallace & Nurick LLC
    since 2020
    7 recorded transactions
    2020
    2017
    1969
    1969
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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