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460 Un St Middletown, PA 17057-1948

OFF-MARKET Turn key restaurants Google Maps
4,581 SF 0.25 ac lot Built 1837
Entity Owned 3-yr Hold ~ Est. High Equity
Estimated value (blended)
$335k
Range $304k – $310k
Property ID US73-0113481

Property summary

AI-generated overview

This exceptional historic property at 460 N Union St, Middletown, PA 17057, offers a unique investment opportunity. The 4,581 square foot building, constructed in 1835, sits on a 0.25-acre lot and seamlessly blends original architectural charm with modern functionality. Currently configured as a restaurant and apartment building, it presents a versatile option for continued operation as a turnkey restaurant or conversion into a multifamily residence. The property boasts recent updates to its electrical, plumbing, and HVAC systems, ensuring modern efficiency. Accessibility is enhanced by ADA-compliant restrooms. Its central location, just one block from Middletown's main intersection, provides excellent visibility and accessibility. The property's proximity to Harrisburg International Airport (MDT) and Penn State Harrisburg campus adds to its appeal. The asking price is $500,000. This is a rare chance to own a piece of Middletown's history with significant potential for future growth and income. The property's blend of historical character and modern updates makes it an attractive investment for both commercial and residential purposes. Its prime location in the heart of Middletown ensures high visibility and easy access for potential tenants or customers. The combination of restaurant and apartment spaces offers flexibility and diverse income streams.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1837
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,581 SF
Lot 0.25 ac (10,890 SF)
APN 42-025-001
UPID US73-0113481

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2022
Last sale
$340,000
7 recorded transactions
2022
$340,000
2021
Price N/A
2016
$350,000
2006
$310,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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