508 2nd St Harrisburg, PA 17101-1002
- Office Properties & Spaces
- 3,519 SF
- 0.05 lot acres
Current Use by Public Records
- Wix, Wenger & Weidner Attorneys at Law / General Practice Attorney / Civil Law Attorney
- American Heritage Abstract / Attorney / Title Company
- Clark Jeffrey C / Attorney
- Howland Peter G / Attorney
- Spitzer Robert C / Doctor / Adult Entertainment Store
Property Details for 508 2nd St
- Year built
- 1920
- Lot size
- 0.05 lot acres
- Property size
- 3,519 SF
- Property type
- Office Properties & Spaces
- APN
- 04-026-007
- APU
- 4026007
Description
This exceptional three-story office building, encompassing 7,341 square feet, is situated on a 0.09-acre lot at 508 N 2nd Street in the heart of Harrisburg, Pennsylvania. Its enviable location places it within easy walking distance of the Pennsylvania State Capitol, numerous government offices, law firms, restaurants, and cultural attractions. Currently configured as a law office, the building offers a versatile layout including multiple private offices, well-appointed conference rooms, and adaptable spaces suitable for a variety of professional uses. The flexible design makes it ideal for a range of businesses, from professional services firms and law practices to corporate headquarters. Beyond its immediate surroundings, the property benefits from excellent access to major transportation arteries, including Interstates 83 and 81, and is conveniently located near the Harrisburg Amtrak station. This strategic position ensures seamless connectivity for employees and clients alike. The property's potential extends beyond its current use as an office building. Given its prime location and the increasing demand for urban living, it presents a compelling opportunity for residential redevelopment or a mixed-use project, offering significant growth potential for investors and developers seeking to capitalize on the vibrant Harrisburg market. The asking price for this exceptional property is $695,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $300,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $310,000
- 7%
- $365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $305,000
- Geo Method
- $360,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $300,000
- Retail
- $285,000
- Mixed-Use
- $280,000
- Hospitality
- $310,000
- Educational
- $345,000
- Residential Income
- $310,000
- Energy
- $375,000
- Income-Based Land
- $335,000
- Food Service
- $305,000
Location Insight
- Map
- Local Demand
- City
- Harrisburg
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.8876
- Latitude
- 40.2632
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA