Contacts

Jim Koury

RSR, Realtors

(717) 439-2115

Property Details

Property Type Office - General Office
Property Size 44,528 SF
Lot Size 2.74 Acre
Parking Spaces Avail. 123
Property Tenancy Multi-Tenant
Building Class A
Year Built 2023
Date Updated Apr 18, 2024

Located within Union Station, a 350+ home community within the heart of Lower Paxton TownshipIntroducing an exceptional investment opportunity in the heart of Union Station. Union Station is a 350+ home neighborhood located in Lower Paxton Township. This brand-new multiunit building, constructed in 2023, presents a unique blend of residential and commercial leasing options. The property boasts 22 residential apartments, each featuring 2 bedrooms and 2 bathrooms, designed with modern living in mind. Currently, there are 5 vacancies, but we anticipate reaching near 100% occupancy by settlement, highlighting the high demand and desirability of the location. The commercial aspect of the building adds to its allure, with four spaces already leased on long-term agreements ranging from 5 to 10 years. The diverse mix of tenants includes the stylish Legion Hair Salon, the popular Hops & Barley restaurant, the delicious Shakedown BBQ, and the convenient Snack Shop, offering a variety of services and dining options right at the doorstep of the residential tenants. Situated within the Central Dauphin School District, this property offers great appeal for families and professionals alike, seeking a balance of convenience and quality living. The presence of a brewery right across the street adds a trendy vibe to the area, making it a sought-after location for both residents and businesses. 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.

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Highlights

Brand New Multiunit Building (2023): Modern construction in the heart of Union Station, a 350+ home neighborhood within Lower Paxton Township.
Mixed-Use Property: 22 residential apartments (2 bedrooms & 2 bathrooms each) and 4 commercial spaces.
Strong Commercial Tenants: Leases with Legion Hair Salon, Hops & Barley restaurant, Shakedown BBQ, and the Snack Shop on 5-10 year terms.
High Occupancy Rates: Only 5 current vacancies with near 100% occupancy expected by settlement.
Desirable Location: Situated within the Central Dauphin School District and opposite a trendy brewery, enhancing the area's appeal.
Investment Opportunity: Ideal for investors seeking a blend of steady income and growth potential in a vibrant community.

Attachments

Brochure (L) (PDF) opens in new window

Getting around

5/100
Walk Score ®
12/100
Bike Score ®

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City Harrisburg, PA
Neighborhood Colonial Park
Zip Code 17111
Market Harrisburg

Points of Interest

Harrisburg

5.78 miles
Middletown

6.77 miles
M&H Railroad

7.17 miles

Turkey Hill

1.43 miles
Turkey Hill

1.54 miles
Sheetz

1.88 miles
Sam's Club

1.97 miles
Rutters

2.06 miles
Sunoco

2.08 miles
Liberty Gas Station

2.13 miles
Speedway

2.15 miles
Speedway

2.15 miles
Sunoco

2.19 miles

Sheetz Parking Lot

1.88 miles
Shoppes at Susquehanna

3.77 miles
Capital Area Greenbelt Parking

3.79 miles
Capital Area Greenbelt Parking

4.21 miles
Capital Area Greenbelt Parking

5.01 miles
Elmerton Avenue Lot

5.20 miles
South Parking Garage

5.61 miles
Highspire Memorial Park Parking Lot

5.68 miles
Centerview Parking Garage

5.74 miles
E-2

5.75 miles

Hampton Inn Harrisburg-East (Hershey Area)

2.25 miles
BEST WESTERN PREMIER The Central Hotel & Conference Center

2.43 miles
Comfort Inn Harrisburg

2.51 miles
Country Inn & Suites by Radisson, Harrisburg at Union Deposit Road, PA

2.53 miles
Holiday Inn Express Harrisburg East - Hershey Area, an IHG Hotel

2.59 miles
Econo Lodge Harrisburg - Hershey

2.66 miles
Fairfield Inn & Suites by Marriott Harrisburg Hershey

2.68 miles
Ramada Harrisburg/Hershey Area

2.71 miles
Candlewood Suites Harrisburg

2.88 miles
Sleep Inn & Suites

3.07 miles

Target

1.68 miles
Weis

1.75 miles
Giant

1.84 miles
Walmart Supercenter

1.99 miles
Kohl's

2.00 miles
Giant

2.03 miles
ALDI

2.09 miles
Ross

2.11 miles
Karn's Quality Foods

2.18 miles
Colonial Park Mall

2.46 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

1708 Fairmont Drive