Listed by Exp Realty Bkny
$3,200,000
3211 N Front St
Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 31,240
Net Rentable (SqFt) 20,100
Units 4
Cap Rate 8.07%
NOI $258,136
Tenancy Multi
Lease Type Gross
Price per SqFt $102
Class B
Year Built 1972
Stories 3
Acreage 1.300
Zoning Riverfront
Parking Spaces 120 per 1,000 sq ft
Investment Type Redevelopment
Sale Condition For sale by owner
Rare Harrisburg Riverfront Office | $3.2M Value-Add & Redevelopment Opportunity
Marketing description
Waterfront Harrisburg Office—$3.2M Below Market, High Upside Potential
A rare investment opportunity on the Susquehanna River in Harrisburg.
Property Highlights:
- 31,240 SF office building
- 1.3-acre direct waterfront site
- Offered at $3.2 million
- High vacancy with immediate value-add potential
- Prime riverfront location with strong upside
- Opportunity to lease, reposition, or explore redevelopment potential (subject to approvals)
This is an attractive opportunity for investors and developers alike. Buyers can create value through leasing, renovations, or by exploring redevelopment potential while benefiting from a prime riverfront location.
If you have a client seeking a value-add investment or redevelopment opportunity, I'd be happy to share the offering memorandum and discuss the property. Reply to this email or contact me for additional details.
Investment highlights
- Direct waterfront location on 1.3 acres in Harrisburg with beautiful Susquehanna River views
- 31,240 square foot office building — high vacancy creates excellent value-add opportunity
- Opportunity to acquire at a low in-place rent compared to current market rates
- High visibility and frontage on North Front Street with easy access to downtown Harrisburg
- Strong redevelopment potential in the Riverfront zoning district
Listing Contacts
Listed by Exp Realty Bkny
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$258,136.00
$21,511.33/mo
Valuation Metrics
0
DSCR
8.07%
Cap Rate
8.07%
ROI
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