Property profile

702 3Rd St Harrisburg, PA 17102

OFF-MARKET
Retail properties & Spaces
Property ID
US73-1442705
5,220 SF 0.05 ac lot
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Property summary

AI-generated overview

This exceptional Harrisburg, PA business opportunity encompasses a thriving restaurant and bar, ideally situated at 702-704 N. 3rd Street. The property boasts 5,220 square feet across two floors, including a dedicated dance floor, and sits on a 0.05-acre lot. A recent, extensive renovation in 2014, exceeding $1 million in investment, showcases upscale furnishings and tasteful décor. The sale includes the real estate, a liquor license, all existing equipment, furnishings, and the established business itself. The property features three bars – a main bar on the first floor, two additional bars on the second floor and rooftop deck – offering stunning views of the Pennsylvania State Capitol and State Museum. A newly installed kitchen is ready for immediate food service. Currently operating from 4 PM to 2 AM, this turnkey operation presents significant growth potential. The property is zoned for commercial neighborhood use and has a NNN lease type. Annual property taxes are $7,940. The strategic location in Harrisburg's vibrant downtown, surrounded by other businesses, restaurants, government buildings, and ample parking, makes this a truly remarkable investment. The owner is relocating, presenting a unique opportunity for immediate ownership and operation or a potential lease-to-operate arrangement.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,220 SF
Lot 0.05 ac (2,178 SF)
UPID US73-1442705

Cap rate & NOI

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

Location

702 3Rd St Harrisburg, PA 17102
Harrisburg metro
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Value estimations

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Owner & transaction history

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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