1609 State Rd Duncannon, PA 17020
- Strip malls
- 1.35 lot acres
Current Use by Public Records
- H&R Block / Tax Preparation Service / Accountant
- Hong Kong Express / Chinese Restaurant
- Drayer Physical Therapy Institute / Sports Medicine Physician / Physical Therapy Clinic
- Duncannon Physical Therapy / Physical Therapist
- Duncannon Smoke Shop / Tobacco Shop
Property Details for 1609 State Rd
- Lot size
- 1.35 lot acres
- Zone code
- MIX
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 210,134.02-029.000
- APU
- 21013402029000
Description
This exceptional retail opportunity presents 12,000 square feet of commercial space in a single-story Class B building located at 1609 State Road, Duncannon, PA 17020. The property, known as Cove Centre, is situated on Route 11/15, conveniently positioned between Duncannon and Marysville, ensuring high visibility and accessibility. Currently, there are 3,000 square feet of vacant space available, divisible into units of at least 1,500 square feet. The building features multiple tenancies, with Suites 101/102 previously occupied by a restaurant with a full bar, presenting a unique opportunity for a similar establishment or adaptable retail use. The Commercial zoning allows for a variety of retail and office uses, providing flexibility for potential tenants. This prime location offers significant potential for business growth, with the added possibility of establishing a Fox's Pizza franchise. The property's strategic placement on a major thoroughfare guarantees substantial foot traffic and exposure, making it an ideal investment for businesses seeking a thriving retail environment. Interested parties should note the total building size is 12,000 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $930,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $710,000
- 6.5%
- $700,000
- 7%
- $760,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $845,000
- Geo Method
- $910,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $735,000
- Retail
- $875,000
- Mixed-Use
- $670,000
- Hospitality
- $760,000
- Educational
- $850,000
- Residential Income
- $690,000
- Energy
- $825,000
- Income-Based Land
- $685,000
- Food Service
- $720,000
Location Insight
- Map
- Local Demand
- City
- Duncannon
- County
- Perry
- State
- Pennsylvania
- Longitude
- -76.991
- Latitude
- 40.3552
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
