23 3rd St Harrisburg, PA 17101-2104
- Investment properties
- 3,195 SF
- 0.05 lot acres
Current Use by Public Records
- Honeybush Raw Smoothie Bar / Restaurant
Property Details for 23 3rd St
- Year built
- 1920
- Lot size
- 0.05 lot acres
- Property size
- 3,195 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 03-001-028
- APU
- 3001028
Description
This exceptional turnkey taproom opportunity is located at 23 South 3rd Street in Harrisburg, Pennsylvania. The 1,087 square foot space is situated in the heart of Harrisburg's central business district, offering unparalleled access to a dense concentration of foot traffic and potential customers. The property enjoys a highly desirable location just one block from Strawberry Square and directly across the street from the new Harrisburg University Health Science Education Center. Its proximity to major employers and amenities is a significant advantage. Within easy walking distance are UPMC Hospital, Hilton Harrisburg, Crowne Plaza, Whitaker Center, county and federal courthouses, and the Amtrak train station. The Capitol Complex is only three blocks away, contributing to a substantial workforce of approximately 30,000 people within a five-block radius (2019 data). The building itself is a single-tenant property, totaling 3,195 square feet, built in 1920, and zoned for commercial use. This presents a rare opportunity to acquire a thriving business in a vibrant and strategically important location within Dauphin County. The property's established nature and prime location make it an attractive investment for discerning buyers seeking a turnkey operation with significant growth potential. The building's history adds character and charm to this already exceptional offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $280,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $300,000
- Geo Method
- $270,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $280,000
- Mixed-Use
- $240,000
- Hospitality
- $270,000
- Educational
- $290,000
- Residential Income
- $260,000
- Energy
- $260,000
- Income-Based Land
- $320,000
- Food Service
- $285,000
Location Insight
- Map
- Local Demand
- City
- Harrisburg
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.8797
- Latitude
- 40.2605
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
