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    Investment properties

    312 Chestnut St, Harrisburg, PA 17101

    8,514 SF 0.2 ac lot Built 1925
    Entity Owned 14-yr Hold ~ Est. High Equity
    Property ID
    US73-0148588
    312 Chestnut St, Harrisburg, PA 17101 For Lease
    $895,000 2,639 SF available
    312 Chestnut St, Harrisburg, PA 17101
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    Property summary
    AI-generated overview

    This exceptional 8,514 square foot retail property, situated at 312 Chestnut Street in Harrisburg, Pennsylvania, presents a compelling investment opportunity. Built in 1925, this single-tenant building currently offers 2,639 square feet of vacant space, ideal for a variety of retail or office uses. The property sits on a 0.2-acre lot and is zoned Commercial (APN: 03-001-018). Its location within Dauphin County's central business district is unparalleled, boasting high visibility and foot traffic. The property benefits from its proximity to key landmarks including Strawberry Square (one block away), the new Harrisburg University Health Science Education Center (across the street), UPMC Hospital, Hilton Harrisburg, Crowne Plaza, Whitaker Center, county and federal courthouses, and the Amtrak train station. The Capitol Complex is a mere three blocks away, contributing to a substantial workforce of approximately 30,000 people within a five-block radius (2019 data). This prime location ensures significant exposure and accessibility for any business. The property's 1925 construction offers character and potential for creative renovation, while its strategic location guarantees strong potential for return on investment. This is a rare opportunity to acquire a well-positioned retail space in a thriving Pennsylvania city.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1925
    Total area 8,514 SF
    Lot 0.2 ac (8,721 SF)
    APN 03-001-018
    UPID US73-0148588
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Narçisse Theatre Company Theater & Performing Art Venue
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $893k
    Blend (final) Blend
    $895k
    Owner & transaction history
    Harrisburg Realty Improvements · 14 yrs held
    Harrisburg Realty Improvements
    since 2011
    3 recorded transactions
    2026
    2011
    $850,000
    2007
    $300,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.3M +106.2%
    Retail stores $1.2M +98.2%
    Restaurant $1.2M +93.6%
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    More about this property
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