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Property profile & analytics
OFF-MARKET Estimated value $655,000
Turn key restaurants

321 2nd St Harrisburg, PA 17101-1305

11,998 SF 0.08 ac lot Built 1900
Entity Owned 10-yr Hold Free & Clear
Property ID
US73-5979636
Property summary
AI-generated overview

This exceptional 11,998-square-foot commercial property, located at 321 N 2nd St, Harrisburg, PA 17101, presents a unique redevelopment opportunity. Previously operating as a restaurant and bar, this single-tenant space offers significant potential for a variety of uses. Situated on a 0.1-acre lot at the corner of Barbara Street and South Street, the building boasts excellent visibility and accessibility. Its prime location within Harrisburg's central business district, on what is known as Restaurant Row, places it amidst a vibrant mix of retail shops, offices, eateries, and residential apartments. The property is conveniently located within walking distance of numerous amenities, including the State Capitol building, riverfront access, bus and train stations, hotels, UPMC Hospital, Harrisburg University, Strawberry Square, and the Whitaker Center for Science and the Arts. The building features an elevator and is zoned for commercial neighborhood use. With 11,998 square feet of vacant space, this property is ready for immediate occupancy and customization to suit a wide range of business needs. This is a rare opportunity to acquire a substantial commercial property in a thriving downtown location.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction FRAME
Total area 11,998 SF
Lot 0.08 ac (3,485 SF)
APN 04-018-033
UPID US73-5979636
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$677k
Blend (final) Blend
$655k
Owner & transaction history
Vmv Smart Solutions LLC · 10 yrs held
Vmv Smart Solutions LLC
since 2016
3 recorded transactions
2016
$425,000
2004
$385,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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