3701 Walnut St, Harrisburg, PA 17109-2554
This 2,300 square foot mixed-use building at 3701 Walnut Street in Harrisburg, Pennsylvania, presents a unique investment opportunity. Built in 1920, this two-story Class B property sits on a 0.2-acre lot and offers eight parking spaces. The building is zoned MU-1 Mixed Use, allowing for a blend of commercial and residential uses. The first floor, previously an optometrist's office, is fully equipped with exam rooms, including plumbing and sinks, ready for immediate occupancy. The second floor features a spacious apartment, perfect for owner occupancy or rental income generation, adding significant value to the property. The property boasts excellent visibility and convenient access to major routes, situated along Walnut Street at the entrance to the Jonestown Road business district. The building is in turnkey condition with minimal deferred maintenance. A garage on the property is currently used for storage, not parking. The asking price is $289,900, translating to $126.04 per square foot. This property offers immediate functionality and long-term financial benefits for a savvy investor.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.