106 Walnut StMechanicsburg, PA 17055

Property Details for 106 Walnut St

Lot size

0.24 AC

Property size (Sq ft)

2,122 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

18-23-0565-146

APU

18230565146

Description

This exceptional 2,500 square foot single-tenant property in Mechanicsburg, Pennsylvania, presents a unique opportunity. Located at 106 N Walnut St, 17055, this versatile space combines retail, office, and special purpose uses, ideal for a creative office or coworking environment. The building features a spacious 30x50 foot shop area accessed from a back alley, boasting 12-foot ceilings. A significant advantage is the private paved parking lot providing ample parking for 15 vehicles, including provisions for two electric car lifts. Practical features include a waste oil burner, enhancing efficiency and cost-effectiveness. The main floor also includes a 20x15 foot office space situated at the front of the building, offering a dedicated area for administrative functions or private meetings. This property is situated in Mechanicsburg, PA, offering convenient access to local amenities and transportation. The combination of ample space, convenient parking, and unique features makes this an attractive option for businesses seeking a distinctive and functional workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $452,742

  6.5%

  $417,916

  7%

  $388,065

• Comparable approach

  Method

  Valuation

  Relative Method

  $216,735

  Geo Method

  $133,495

• Alternative Use

  Use

  Valuation

  Residential

  $518,216

  Hospitality

  $474,683

  Educational

  $394,931

  Medical

  $408,513

  Retail

  $614,337

Location Insight

City

Mechanicsburg

County

Cumberland

State

Pennsylvania

Latitude

40.2164

Longitude

-77.0034

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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