Current Use by Public Records
- Tri County Community Action | Community Action Commission / Social Service Agency / Charitable Organization
Property Details for 123 Enola Dr
- Lot size
- 1.94 lot acres
- Property type
- Office Spaces
- Property subtype
- Office Units
Description
This exceptional investment opportunity presents two office buildings totaling 42,360 square feet situated on a 1.94-acre lot in Enola, Pennsylvania (APN: 09-14-0832-189). The property, zoned Village Overlay, consists of two buildings: a renovated 30,000 square foot former schoolhouse featuring numerous office suites ranging from 250 to 1,000 square feet, and a newer 12,360 square foot building ideal for an end-user. Currently, there are only three unoccupied spaces among the 24 office rental units. The property boasts 100 parking spaces and has recently undergone $170,000 in capital improvements. Built in 1920 and 2004, this Class B, multi-tenant property offers a modified lease type and is priced at $2,650,000 ($62.56/sq ft). Its convenient location offers easy access to Routes 11/15 and I-81, placing it near East Pennsboro schools, Central Penn College, and Penn State Health Holy Spirit Medical Center. This presents a strong cap rate and a compelling opportunity for investors seeking a well-maintained, centrally located commercial property with significant upside potential. The property is offered as a whole.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Enola
- County
- Cumberland
- State
- Pennsylvania
- Longitude
- -76.935
- Latitude
- 40.2925
