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1708 Fairmont Drive

HARRISBURG, PA 17111
  • $7,950,000
  • STATUS: Active
  • ON SITE: 63 Days
  • ID#: PADA2030930
UPDATED: 51 min ago
$7,950,000
  • 0
    BEDS
  • 2.74
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2023
County:

School Information

Elementary School:
Middle School:
High School:
School District:

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.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Craig Hartranft Team, Berkshire Hathaway Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-18T13:02:30.987.
www.lancasterhome.com/homes/147599961
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1708 Fairmont Drive HARRISBURG, PA 17111

  • Price: $7,950,000
  • Status: Active
  • On Site: 63 Days
  • Updated: 51 min ago
  • ID#: PADA2030930
0
Beds
0
Baths
0
½ Baths
2.74
Acres
2023
Built
Neighborhood:
Lower Paxton Twp (14035)
County:
Dauphin
Area:
Lower Paxton Twp (14035)
Elementary School:
E.H. Phillips
Middle School:
Central Dauphin East
High School:
Central Dauphin East
School District:
Central Dauphin
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.
Exterior Features

Construction Materials Frame Garage YN No Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 44528.00 Cooling Central A/C Flooring ConcreteLuxury Vinyl PlankCarpet Heating Forced Air Heating YN Yes Net Square Feet 44528.00

Property Features

Accessibility Features 2+ Access ExitsElevator Assessment Year 2023 Builder Name Yingst Homes Business Type Apartment BuildingRestaurant/BarHair Salon and SpaConvenience Store/Gas Central Air YN Yes Cooling Fuel Electric Elevators 1 Heating Fuel Electric Hot Water Electric Municipality LOWER PAXTON TWP Navigable Water YN N Net Operating Income 539857.36 New Construction YN No Number Of Units Total 0 Original MLSNumber 802865445200 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 78012.83 Tax Assessment Amount 301300.00 Vacation Rental YN No Water Source Public Zoning TND - TRADITIONAL NEIGHBO

Listing courtesy of RSR, REALTORS, LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Craig Hartranft Team, Berkshire Hathaway Homesale Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-18T13:02:30.987.
 
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The Craig Hartranft Team, Berkshire Hathaway Homesale Realty
150 North Pointe Blvd.
Lancaster PA, 17601