100 N Cameron St Harrisburg, PA 17101
- Office Properties & Spaces
- 77,184 SF
- 1.94 lot acres
Current Use by Public Records
- Maureen Mccarthy / Social Worker
- Carmen Mckinney / Social Worker / Practitioner Service Location
- PA Careerlink / Employment Center
- Greater Harrisburg Arts Council / Association / Organization
- Northwestern Human Services / Social Services Organization
Property Details for 100 N Cameron St
- Year built
- 1991
- Lot size
- 1.94 lot acres
- Property size
- 77,184 SF
- Property type
- Office Properties & Spaces
- APN
- 08-033-001
- APU
- 8033001
Description
This exceptional multi-tenant office building in Harrisburg, PA, presents a compelling investment opportunity. Located at 100 N Cameron St, this 80,189 square foot property boasts 75,589 square feet of rentable space, currently 65% occupied across 12 units. Built in 1916 and situated on a 1.95-acre lot (APN 08-033-001), the building features ample on-site parking (over 170 spaces). The asking price is $7,250,000, representing a current cap rate of 8.31% and a pro-forma cap rate of 12.10%. The current NOI is $602,712, with a pro-forma NOI of $877,213, indicating significant upside potential through lease-up of vacant suites. The property benefits from a prime location, enjoying high visibility at the corner of N Cameron St and State St, with over 42,050 vehicles passing daily. Its proximity to downtown Harrisburg, major highways, and Harrisburg International Airport (an 11-mile drive) enhances its appeal. The building's recent improvements include a new roof (2023) with a 20-year warranty. Furthermore, its location within an Enterprise Zone provides access to various state grants, loan funds, and tax credits for eligible improvements. Dauphin County's strong demographics, including a projected 3.9% population increase in the next five years, and a large population (200,123) within a five-mile radius with an average household income of $78,306, further solidify this property's long-term investment prospects. An anchor tenant has occupied their space for over 10 years, providing stable income. The property's strategic location and potential for increased occupancy make it an attractive investment for discerning buyers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Harrisburg
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.8758
- Latitude
- 40.2668
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
