614 2Nd St Harrisburg, PA 17101
- Investment properties
- 1,894 SF
- 0.02 lot acres
Current Use by Public Records
- Crave and Co. Menu / Restaurant
- The Vegetable Hunter - Harrisburg - Vegan Cafe and Boutique Brewery / Restaurant / Coffee Shop
- Crave and Co / Vegetarian Restaurant
Property Details for 614 2Nd St
- Year built
- 1920
- Lot size
- 0.02 lot acres
- Property size
- 1,894 SF
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 04-025-006
- APU
- 4025006
Description
This exceptional three-story commercial property at 614 N 2nd Street, Harrisburg, PA, presents a unique opportunity for a discerning investor. Spanning 1,894 square feet on a 0.02-acre lot, this established restaurant enjoys a prime location in the heart of Harrisburg's vibrant downtown. The first floor offers a welcoming counter service area with ample seating and a restroom, perfect for casual dining and takeout. Upstairs, the second floor features a stylish bar, additional seating, and a fully equipped kitchen, creating an ideal atmosphere for evening gatherings and socializing. A second restroom is also conveniently located on this floor. Adding to the property's versatility, the third floor includes a comfortable apartment, providing convenient living quarters for an owner-operator or staff. The property's strategic location benefits from high foot traffic, proximity to popular eateries and businesses, and the scenic Riverfront Park, offering picturesque views of the Susquehanna River. Its close proximity to the State Capitol Complex and various governmental offices further enhances its appeal to professionals and businesses. Priced at $400,000, this property represents a compelling investment opportunity for restaurateurs seeking a strong presence in a bustling downtown area. The combination of a thriving restaurant space and a convenient apartment makes this a truly unique and attractive offering.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $160,000
- 6.5%
- $165,000
- 7%
- $180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $165,000
- Geo Method
- $160,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $165,000
- Retail
- $175,000
- Mixed-Use
- $175,000
- Hospitality
- $185,000
- Educational
- $185,000
- Residential Income
- $185,000
- Energy
- $170,000
- Income-Based Land
- $170,000
- Food Service
- $195,000
Location Insight
- Map
- Local Demand
- City
- Harrisburg
- County
- Dauphin
- State
- Pennsylvania
- Longitude
- -76.8882
- Latitude
- 40.2637
- CBSA code
- 25420
- CBSA name
- HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA