5053 Ritter Rd Mechanicsburg, PA 17055-6776
This exceptional Class A office building, located in the Rossmoyne Business Center of Mechanicsburg, Pennsylvania, offers a rare opportunity to lease 2,500 square feet of meticulously maintained space. The building, totaling 20,586 square feet across two stories, underwent significant renovations in 2022, including a complete second-floor tenant fit-out. Other recent improvements include a repaved parking lot (2018), new concrete sidewalks, steps, and handrails (2018), and common area and lobby renovations (September 2020). The building boasts a generous parking ratio of 5.2 spaces per 1,000 square feet, providing ample parking for tenants and visitors (107 spaces total). Large windows throughout the building offer abundant natural light and scenic views of the surrounding business park. Currently, the building is 75% leased, with one long-term tenant on the first floor currently negotiating a renewal for the entire floor, and a second tenant occupying 5,578 square feet on the second floor with a lease expiring September 30, 2025. Its strategic location just off Route 15 and the Pennsylvania Turnpike (I-76) provides easy access to Interstates 81, 83, and 581, as well as Harrisburg International Airport (within a 10-minute drive). A variety of local amenities, including restaurants, shopping, lodging, and entertainment options, are conveniently located within walking distance. This is a turn-key opportunity in a highly desirable location. Don't miss out!
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.