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2150 Herr St Harrisburg, PA 17103-1625

Office Spaces Google Maps
31,568 SF 5.85 ac lot Built 1957
Entity Owned 11-yr Hold ~ Est. High Equity
Estimated value (blended)
$660k
Range $594k – $726k (±10%)
Property ID US73-0075951

Property summary

AI-generated overview

This exceptional 5.85-acre property at 2150 Herr Street in Harrisburg, Pennsylvania (zip code 17103), presents a unique mixed-use redevelopment opportunity. Zoned for Mixed Use Corridor - High Density, this site is ideally suited for a variety of commercial and residential uses. The asking price is $2,395,000. The property's current permitted uses include bank, daycare/nursery, and restaurant, making it a versatile investment. A concept plan (available upon request) illustrates the potential for a four-story development with approximately 155 units and 217 parking spaces. The location offers excellent visibility and accessibility, situated near the controlled intersection of Herr Street and Parkway Drive. Its proximity to major employers and amenities, including the PA Farm Show Complex and Expo Center (one mile away), PennDOT, DGS, Harrisburg Dairies, and numerous state agencies, ensures high traffic and strong potential for tenant occupancy. The site is also well-positioned to serve a diverse range of businesses, including medical facilities, retail establishments, restaurants, fitness centers, pharmacies, urgent care centers, banks, hospitality venues, and office spaces. A market study (available upon request) supports the viability of both market-rate and affordable housing options, combining renovation of existing structures with new construction. This presents a compelling opportunity for investors seeking a high-impact, mixed-use project in a thriving Pennsylvania market.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1957
Total area 31,568 SF
Lot 5.85 ac (254,826 SF)
APN 62-026-007
UPID US73-0075951

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Corporate Office
  • Public Health Department
  • Home Inspector
  • State Government Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.66M
Blend (final) Blend
$660k

Owner & transaction history

since 2014
5 recorded transactions
2014
$4.0M
2011
$2.5M
2004
$2.4M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Medical building $4.6M +123.1%
Retail stores $4.5M +114.4%
Restaurant $4.4M +109.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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