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    1300 Market St Lemoyne, PA 17043

    Sponsored
    For Sale
    $2,200,000

    3-Story Office Building, High ROI Potential

    Property size:
    32,724 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 32,724 square foot office building, located at 1300 Market St, Lemoyne, PA 17043, presents a compelling value-add investment opportunity. The Class B property, situated on a 1.35-acre lot in Cumberland County, boasts a desirable West Shore location with excellent visibility on a main corridor across from West Shore Plaza. The building features 115 parking spaces and underwent renovations in 2019, including a new HVAC system, resurfaced parking lot and stairs, and a new Market Street entrance foyer. The property is zoned for commercial use and offers various suite sizes to attract a diverse tenant base. Its convenient location provides easy access to downtown Harrisburg, I-83, and Route 581, as well as numerous retail shops, restaurants, and financial institutions within walking distance. The building's multi-tenant occupancy allows for a strong cash flow, with a pro-forma NOI of $307,735 and a pro-forma cap rate of 14.00%. The asking price is $2,200,000 ($67.23/sq ft). Further enhancing its appeal, the owner has received a $130,000 grant (covering 50% of the cost) for solar panel installation, projected to reduce electricity expenses by 50% for the next 25 years. This presents a unique opportunity for owner-users or investors seeking a high-return property in a prime location. The lease type is modified, and the building consists of one three-story structure.

    Property Features for 1300 Market St

    General Information

    Property type
    Office space
    Square Feet
    32,724 SF
    Class
    B
    Lot Size
    58,806 SF

    Building Details

    Year Renovated
    2019
    Buildings
    1
    Stories
    3

    HighLights

    • Excellent access to Harrisburg's central business district, I‑83, and Route 581.
    • Prime West Shore location.
    • Convenient walkability to retail, restaurants, and banks.
    • Recently renovated.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    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
    Lemoyne
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -76.910203690141
    Latitude
    40.241482155853

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    FAQs

    What type of property is this?
    Office space - 3-Story Office Building, High ROI Potential
    Where is this office space located?
    The property is located at 1300 Market St Lemoyne, PA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Excellent access to Harrisburg's central business district, I-83, and Route 581.; Prime West Shore location.; Convenient walkability to retail, restaurants, and banks.
    Request Owner's contact information
    1300 Market St Lemoyne, PA 17043
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    Lemoyne, PA 17043
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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
    1300 Market St Lemoyne, PA 17043
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