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Property profile & analytics
OFF-MARKET Estimated value $4,305,000
Office Spaces

100 Pne St Harrisburg, PA 17101-1200

98,520 SF 0.28 ac lot Built 1966
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US73-1946440
Property summary
AI-generated overview

This exceptional nine-story, 98,520 square foot Class B office building, located at 100 Pine Street in Harrisburg, Pennsylvania, presents a compelling value-add investment opportunity. Boasting a prominent corner location at North Front and Pine Streets, the property offers stunning Susquehanna River views, particularly from its ninth-floor veranda. Built in 1966 with renovations in 1985 and 1992, the building features three passenger elevators, a freight elevator, and restrooms on each floor. The spacious floorplates, averaging approximately 11,000 square feet, currently serve as corporate headquarters. The building includes a large street-level lobby with entrances from both North Front and Pine Streets, and convenient access to covered parking via North River Street. The property also includes 178 covered parking spaces, 137 of which are individual condo parcels in an adjacent building, offering significant additional income potential. Situated in the Riverfront District, the building benefits from its proximity to major transportation arteries (I-83, I-81, I-76, US-322, US-22, US-11, US-15), the State Capitol Complex, UPMC Harrisburg Hospital Campus, and the new Federal Courthouse. The Harrisburg office market boasts a low vacancy rate due to its affordability, strong infrastructure, and the presence of government agencies. The property's location and size make it an ideal candidate for redevelopment, potentially residential conversion, given Harrisburg's ranking as a desirable place to live and the high demand for workforce housing. The asking price is $10,950,000, with a price per square foot of $111.14. The 0.28-acre lot is zoned for Riverfront District use. The property is offered fee simple, with no ground lease.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1966
Total area 98,520 SF
Lot 0.28 ac (12,197 SF)
APN 04-038-004
UPID US73-1946440
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Joseph Chapman Law Firm
  • Gemmill Helen L Law Firm
  • HR Influenced Employment Agency Business Service Center
  • Jarman Michael G Law Firm
  • Kutz James W Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.42M
Blend (final) Blend
$4.31M
Owner & transaction history
Mcnees Wallace & Nurick LLC · 6 yrs held
Mcnees Wallace & Nurick LLC
since 2020
7 recorded transactions
2020
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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