Property profile

23 3rd St Harrisburg, PA 17101

OFF-MARKET
Investment properties
Property ID
US73-1099470
3,195 SF 0.05 ac lot Built 1920
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 3,195 SF
Lot 0.05 ac (2,026 SF)
APN 03-001-028
UPID US73-1099470

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
  • Restaurant

Location

23 3rd St Harrisburg, PA 17101-2104
Harrisburg metro Census 20100 HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2012
4 recorded transactions
2016
Price N/A
2012
$202,000
2012
$200,000
1969
Price N/A

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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