1001 6th St Harrisburg, PA 17102-1726
- Office Properties & Spaces
- 54,740 SF
- 1.07 lot acres
Current Use by Public Records
- Dauphin County Children & Youth Services / Youth Social Services Organization
Property Details for 1001 6th St
- Year built
- 1985
- Lot size
- 1.07 lot acres
- Property size
- 54,740 SF
- Property type
- Office Properties & Spaces
- APN
- 07-102-045
- APU
- 7102045
Description
This exceptional investment opportunity presents a fully occupied, single-tenant net-leased office building in Harrisburg, Pennsylvania's Central Business District. The three-story, 58,014-square-foot Class B building, constructed in 1982 and renovated in 2006 and 2020, boasts a commanding 11.44% cap rate. Located at 1001 N 6th St, this fee-simple property sits on a 1.07-acre lot and features 39 on-site parking spaces, with access to an additional 200 covered spaces at a subsidized rate. The building is currently 100% occupied by Dauphin County Children & Youth Services, a long-term tenant since 2010, under a NNN lease extending into Q4 2027. Dauphin County holds an AA credit rating, minimizing landlord responsibilities. The property's prime location offers easy access to the State Capitol Complex, the new Federal Courthouse, and the State Archives Department, situated within Harrisburg's thriving Central Business District. Its proximity to major roadways and numerous amenities, including the Broad Street Market, Riverfront Park, and Strawberry Square, further enhances its appeal. This is a low-management, high-return investment with significant upside potential, benefiting from Harrisburg's ongoing economic development and revitalization efforts. The Institutional zoning allows for flexibility in future uses. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,775,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,655,000
- 6.5%
- $6,775,000
- 7%
- $6,130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,230,000
- Geo Method
- $7,400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,260,000
- Retail
- $5,305,000
- Mixed-Use
- $6,535,000
- Hospitality
- $5,265,000
- Educational
- $6,090,000
- Residential Income
- $6,490,000
- Energy
- $5,995,000
- Income-Based Land
- $5,200,000
- Food Service
- $5,080,000
Location Insight
- Map
- Local Demand
- City
- Harrisburg
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.8848
- Latitude
- 40.2696
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
