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31149773
31149777

9969 Allentown Blvd, Palmyra, PA 17078

LM
PA PA RM419784
SVN Latus
Listed by SVN Latus
$41,635,000
95 days on market
Updated 95 days ago

9969 Allentown Boulevard

Details
Property Type Land, Special Purpose
Sub Type Commercial
Square Footage 57,000
Cap Rate 7.00%
NOI $2,910,000
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 15
Lease Options Two - 5 year options
Price per SqFt $730
Year Built 2027
Buildings 2
Acreage 20.760
Zoning Neighborhood Commercial, Highway Commercial
Parking Spaces 262 spaces
Parking Per SqFt 4.60

Land | 20.76 acres

Marketing description

Unique opportunity to own 20.76 acres of land and a new construction state contract. This property has a 15-year lease is in place with two 5-year options with the Pennsylvania State Police. Plans are underway for the new, two-building, 57,000 SF PSP Harrisburg headquarters facility, which includes a stand alone indoor shooting range. The site incudes two buildings and 262 parking spaces. Tenant pays electric and gas. Financials available upon request with a signed Confidentiality Agreement.

Located on the highly traveled Allentown Boulevard just outside of the Harrisburg/Hershey area.

This offering presents a rare opportunity to acquire a stabilized, net-leased government office property occupied by the Commonwealth of Pennsylvania under a long-term institutional lease. The property benefits from one of the most creditworthy tenants available in the commercial real estate market — a state government agency — providing investors with consistent, predictable income and exceptional downside protection.

Investment highlights

  • 20.76 acres Under Development

  • Long-term Tenant, Commonwealth of Pennsylvania

  • Zoned Neighborhood Commercial and Highway Commercial

  • Allentown Boulevard Average Daily Traffic Count: 11,540 VPD – both directions

  • Estimated completion date Late 2027

Listing Contacts

LM
PA PA RM419784
SVN Latus
Listed by SVN Latus

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$2,910,000.00
$242,500.00/mo

Valuation Metrics

0
DSCR
6.99%
Cap Rate
6.99%
ROI

Map

Zoning

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NC CommercialNeighborhood CommercialNeighborhood Commercial District
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Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Laura Martin
License
PA RM419784
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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