Landmark Redevelopment | 2200 Market St
Former Bishop McDevitt Campus | 115,000 SF+ Redevelopment Opportunity
Marketing description
SCOPE Commercial Real Estate is pleased to present 2200-2300 Market Street, Harrisburg, Pennsylvania, a landmark 8.2-acre redevelopment opportunity featuring approximately 115,000 square feet of existing improvements and a rare combination of established entitlements, public funding support, and flexible acquisition structures.
Formerly occupied by Bishop McDevitt High School, the property consists of a three-story institutional facility originally constructed in 1930 and extensively renovated in 1963. The existing improvements provide a substantial adaptive reuse opportunity while the site's scale and commercial zoning support a wide range of redevelopment strategies, including multifamily residential, mixed-use, senior housing, educational, healthcare, office, and institutional uses.
A key differentiator of the offering is the inclusion of a $7,000,000 Redevelopment Assistance Capital Program (RACP) grant, creating a significant source of non-dilutive capital for future redevelopment. In addition, the property may present opportunities for further incentive layering through Historic Tax Credits, New Markets Tax Credits, local tax abatement programs, and other economic development initiatives, subject to buyer diligence and project qualifications.
The site has undergone extensive planning and entitlement efforts over the past several years, including a rezoning to Commercial Neighborhood that established a framework for higher-density mixed-use development. Previous redevelopment concepts contemplated approximately 350 residential units together with complementary retail, office, healthcare, educational, and community-oriented uses, demonstrating the property's capacity to support transformative redevelopment on a meaningful scale.
Ownership is willing to consider a variety of acquisition structures designed to facilitate successful project execution, including traditional purchases, seller financing, phased acquisitions, development milestone closings, joint venture arrangements, and other structured transactions. This flexibility may allow qualified buyers additional time to secure grants, tax credits, development approvals, and construction financing while controlling one of the region's most significant redevelopment assets.
Large-scale redevelopment opportunities offering 115,000 square feet of existing improvements, 8.2 acres of commercially zoned land, existing grant funding, and substantial incentive potential are exceptionally rare within the Harrisburg market. The combination of scale, location, public-sector support, and flexible ownership structure positions 2200-2300 Market Street as a unique opportunity to create a transformative mixed-use, residential, institutional, or community-focused development in Pennsylvania's capital region.
Additional redevelopment materials, surveys, entitlement information, grant documentation, and due diligence materials are available to qualified parties upon request.
Investment highlights
- 115,000 SF Existing Improvement - Provides significant adaptive reuse potential while reducing development timelines and replacement costs.
- 8.2-Acre Redevelopment Campus - One of the largest contiguous redevelopment sites currently available in the Harrisburg market.
- Commercial Neighborhood Zoning - Zoning is in place to support a wide range of residential, mixed-use, institutional, office, and healthcare uses.
- $7 Million RACP Grant Included - A substantial source of non-dilutive capital available to support future redevelopment efforts.
- Additional Incentive Potential - May qualify for Historic Tax Credits, New Markets Tax Credits, LERTA abatements, and other economic development programs.
- Prior Entitlement & Planning Efforts Completed - Previous redevelopment initiatives established a framework for higher-density mixed-use development.
- Multiple Redevelopment Strategies - Suitable for adaptive reuse, phased redevelopment, or comprehensive master-planned development.
- Flexible Acquisition Structure - Ownership will consider seller financing and other structures designed to facilitate project execution.
- Institutional & Community Use Potential - Existing improvements are well-suited for educational, healthcare, governmental, and nonprofit users.
- Transformational Central Pennsylvania Opportunity - A rare opportunity to control a large-scale redevelopment asset within Pennsylvania's capital region.
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