$7,000,000
$7,950,000
11.9%For more information regarding the value of a property, please contact us for a free consultation.
44,528 SqFt
SOLD DATE : 05/31/2024
Key Details
Sold Price $7,000,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 44,528 sqft
Price per Sqft $157
MLS Listing ID PADA2030930
Sold Date 05/31/24
Originating Board BRIGHT
Year Built 2023
Annual Tax Amount $8,106
Tax Year 2023
Lot Size 2.739 Acres
Acres 2.74
Property Description
Discover a prime investment opportunity in Union Station, a 350+ home community within Lower Paxton Township, with a brand-new multi-use building constructed in 2023. This property uniquely combines 22 modern 2-bedroom, 2-bathroom residential apartments and 4 leased commercial spaces. The commercial lineup includes Legion Hair Salon, Hops & Barley restaurant, Shakedown BBQ, and the Snack Shop, each committed to 5-10 year leases. 17 of the apartments are currently filled and we anticipate near 100% occupancy before Settlement. Located in the Central Dauphin School District and across from a popular brewery, this property promises a vibrant community and a desirable lifestyle for tenants. It's an exceptional investment that offers a mix of stable income from long-term commercial leases and the growth potential from residential rentals. Positioned in a sought-after neighborhood, it provides a perfect balance for both families and professionals. This investment property is not just a building but a community hub in a thriving residential neighborhood, promising both a steady income stream from its commercial tenants and a strong occupancy rate for its residential units. An opportunity like this, combining a prime location, a brand-new facility, and a mix of commercial and residential leases, is rare and presents a significant value proposition for any savvy investor.
Location
State PA
County Dauphin
Area Lower Paxton Twp (14035)
Zoning TND - TRADITIONAL NEIGHBO
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Flooring Concrete, Luxury Vinyl Plank, Carpet
Heat Source Electric
Exterior
Garage Spaces 123.0
Waterfront N
Water Access N
Accessibility 2+ Access Exits, Elevator
Parking Type Parking Lot
Total Parking Spaces 123
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools E.H. Phillips
Middle Schools Central Dauphin East
High Schools Central Dauphin East
School District Central Dauphin
Others
Tax ID 35-070-453-000-0000
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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