4790 Derry St Harrisburg, PA 17111
- Investment properties
- 6,040 SF
- 0.37 lot acres
Current Use by Public Records
- Get it Now Print / Commercial Printer / Copy Shop
Property Details for 4790 Derry St
- Year built
- 1954
- Lot size
- 0.37 lot acres
- Property size
- 6,040 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 63-014-007
- APU
- 63014007
Description
This exceptional mixed-use investment property, located at 4790 Derry Street in Harrisburg, Pennsylvania, presents a compelling opportunity. The 8,740 square foot building, constructed in 1954 and situated on a 0.38-acre lot, boasts a diverse portfolio of eleven units. The property includes six residential units (five two-bedroom and one one-bedroom), one commercial space with a scheduled rent increase in November 2024, and four storage units complete with coin-operated laundry services. Currently operating at 100% occupancy, the property generates a strong net operating income (NOI) of $85,880, with a pro-forma NOI of $96,836 reflecting potential rental increases. The property features twenty parking spaces and is zoned for Limited Commercial District use. Its prime location offers excellent visibility and accessibility, with frontage on Derry Street and convenient proximity to Interstate 83, Route 322, and the Pennsylvania Turnpike via Interstate 283. The high daily traffic count of 15,247 vehicles per day on Derry Street further enhances the property's investment potential. Detailed financial information is available upon request. This is a turnkey investment ready to generate immediate income and offer significant future growth opportunities. The two-story building is situated in Dauphin County, PA, zip code 17111, and has an APN of 63-014-007.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $490,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $600,000
- 6.5%
- $615,000
- 7%
- $580,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $655,000
- Geo Method
- $660,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $510,000
- Retail
- $635,000
- Mixed-Use
- $510,000
- Hospitality
- $550,000
- Educational
- $660,000
- Residential Income
- $675,000
- Energy
- $505,000
- Income-Based Land
- $680,000
- Food Service
- $620,000
Location Insight
- Map
- Local Demand
- City
- Harrisburg
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.8043
- Latitude
- 40.2588
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA
