321 2Nd St Harrisburg, PA 17101
- Turn key restaurants
- 11,998 SF
- 0.08 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 321 2Nd St
- Year built
- 1900
- Construction
- FRAME
- Lot size
- 0.08 lot acres
- Property size
- 11,998 SF
- Property type
- Turn key restaurants
- APN
- 04-018-033
- APU
- 4018033
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $410,000
- 6.5%
- $425,000
- 7%
- $415,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $450,000
- Geo Method
- $415,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $425,000
- Retail
- $335,000
- Mixed-Use
- $385,000
- Hospitality
- $405,000
- Educational
- $315,000
- Residential Income
- $365,000
- Energy
- $315,000
- Income-Based Land
- $335,000
- Food Service
- $330,000
Location Insight
- Map
- Local Demand
- City
- Harrisburg
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.8858
- Latitude
- 40.2626
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA