4314 Derry St Harrisburg, PA 17111
- Parking lots & garages
- 0.26 lot acres
Current Use by Public Records
- Parking lots & garages
Property Details for 4314 Derry St
- Lot size
- 0.26 lot acres
- Property type
- Parking lots & garages
- APN
- 63-013-067
- APU
- 63013067
Description
This exceptional 1.3-acre commercial land parcel presents a remarkable investment opportunity in the thriving Harrisburg, Pennsylvania market. Situated at 4314-4316 Derry Street, this single-tenant property boasts a highly visible location along Derry Street, which experiences a daily traffic volume of 11,289 vehicles. The site's strategic positioning offers unparalleled access to major transportation arteries, including Interstate 83 (96,732 VPD) and Interstate 283 (59,830 VPD), ensuring seamless connectivity and convenient commutes. This prime location is further enhanced by its proximity to a cluster of established national retailers, including Target, Home Depot, PetSmart, Sherwin Williams, and Panera Bread, creating a vibrant and desirable commercial environment. The property is zoned CG within Dauphin County and offers a blank canvas for a wide range of commercial developments. With its substantial size and strategic location, this land parcel represents a unique chance to capitalize on the consistent growth of the Harrisburg market. The property is ideal for businesses seeking high visibility and convenient access to a dense population base and major transportation networks. This is a rare opportunity to acquire a significant commercial land holding in a highly sought-after area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $170,000
- 6.5%
- $200,000
- 7%
- $190,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $185,000
- Geo Method
- $160,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $205,000
- Retail
- $165,000
- Mixed-Use
- $205,000
- Hospitality
- $190,000
- Educational
- $200,000
- Residential Income
- $180,000
- Energy
- $215,000
- Income-Based Land
- $165,000
- Food Service
- $165,000
Location Insight
- Map
- Local Demand
- City
- Harrisburg
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.8087
- Latitude
- 40.2584
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA