8501 Paxton St Hummelstown, PA 17036
- Office Properties & Spaces
- 4,621 SF
- 1.55 lot acres
Current Use by Public Records
- SERVPRO of Hershey/Harrisburg East / Building Restoration Service / Carpet Cleaning Service
- SERVPRO of Lebanon County / Water Damage Restoration Service
- Pennsylvania Association-Broadcasters / Association Or Organization
Property Details for 8501 Paxton St
- Year built
- 1900
- Lot size
- 1.55 lot acres
- Property size
- 4,621 SF
- Property type
- Office Properties & Spaces
- APN
- 63-022-021
- APU
- 63022021
Description
This exceptional 4,000+ square foot commercial property, situated on a spacious 1.61-acre lot in Hummelstown, PA, presents a unique investment opportunity. Boasting high visibility with exposure to over 40,000 vehicles daily, this strategically located building sits conveniently between Harrisburg and Hershey. The property features a 1,700+ square foot warehouse with a loft, constructed in 2019, adding significant versatility. The main building, originally a four-bedroom, three-bathroom home with an attached office, offers flexible usage options, allowing for commercial, residential, or a combination of both uses. Commercial General zoning provides adaptability for a wide range of businesses. Recent upgrades include a new architectural shingle roof (2019), new granite countertops, new appliances, updated bathroom cabinets, toilets, and fixtures (2019), a new second-floor washer/dryer combo (2019), and a tankless water heater (2020). Further enhancements completed in 2020 include new kitchen flooring, a new exterior door leading to a new composite deck, a new porch roof over the kitchen door, a new A/C unit in the house, and new mini-splits in the office. The property also showcases a curved stamped concrete sidewalk, elegant front entrance, mature landscaping, and ample shade trees. This property offers a blend of modern updates and classic charm in a highly desirable location. The building is wired for communication and features brick-over-masonry construction.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $605,000
- 6.5%
- $615,000
- 7%
- $570,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $555,000
- Geo Method
- $560,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $630,000
- Retail
- $630,000
- Mixed-Use
- $475,000
- Hospitality
- $600,000
- Educational
- $585,000
- Residential Income
- $620,000
- Energy
- $590,000
- Income-Based Land
- $630,000
- Food Service
- $610,000
Location Insight
- Map
- Local Demand
- City
- Hummelstown
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.738
- Latitude
- 40.2605
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
