For Sale $7,950,000
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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Attachments

Brochure (L) (PDF) opens in new window

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.

Contacts

Jim Koury

RSR, Realtors

(717) 439-2115

Location

Getting Around

Walk Score ®
5/100 Car-Dependent
Bike Score ®
12/100 Somewhat Bikeable

Map
Street

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

Newfangled Brew Works & Koda

0.03 miles
Official BBQ & Burgers

0.90 miles
Italin Pizza & Subs

1.84 miles
McDonald's

1.89 miles
Old Country Buffet

1.92 miles
Wendy's

1.97 miles
Arby's

1.97 miles
Red Robin

1.98 miles
Pizza Delight

1.99 miles
Wendy's

2.01 miles

Central Dauphin East Middle School

1.14 miles
Central Dauphin East High School

1.40 miles
Bishop McDevitt High School

1.46 miles
E.H. Phillips Elementary School

1.51 miles
South Side School

1.81 miles
Central Dauphin Middle School

2.02 miles
Lower Paxton Junior High School

2.03 miles
Paxtonia School

2.10 miles
Kaplan

2.13 miles
Chambers Hill School

2.42 miles

KinderCare

2.60 miles
Linglestown Early Learning Center

3.77 miles
Linglestown Village Kids

3.80 miles
Capital Area Head Start

4.47 miles
A to Z Childcare

4.58 miles
The Goddard School

4.92 miles
Little Learners' Child Development Center

5.30 miles
DLA Child Development Center

6.29 miles
Tender Years

7.87 miles
KinderCare

8.21 miles

Frequently Asked Questions

What is the lease rate for 1708 Fairmont Drive?

Rental asking rate at 1708 Fairmont Drive is $3,975,000.00/YR.

What is the total square footage of 1708 Fairmont Drive?

1708 Fairmont Drive totals 44,528 square feet.

When was this property built?

1708 Fairmont Drive was built in 2023.

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