Harrisburg, PA 17111,1708 FAIRMONT DR
Harrisburg, PA 17111,1708 FAIRMONT DR
Harrisburg, PA 17111,1708 FAIRMONT DR
Harrisburg, PA 17111,1708 FAIRMONT DR
Harrisburg, PA 17111,1708 FAIRMONT DR
Harrisburg, PA 17111,1708 FAIRMONT DR
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$7,000,000

$7,950,000

11.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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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Bright MLS (BMLS)
Listed by JIMMY H KOURY • RSR, REALTORS, LLC
Bought with JAMES R KOURY • RSR, REALTORS, LLC
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Chantilly, Virginia, 12345, United States

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