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1708 Fairmont Drive, Harrisburg, PA 17111
$7,950,000
1708 Fairmont Drive, Harrisburg, PA 17111View this property at 1708 Fairmont Drive, Harrisburg, PA 17111
1708 Fairmont DriveHarrisburgPA17111
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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.
Full Property Details
Full Property Details for 1708 Fairmont Dr
General
- Price: $7,950,000
- Taxes: $78,012 (2023)
- Status: Active
- Type: Store
- MLS ID: PADA2030930
- Updated: 2/14/2024
- Added to Site: 76 day(s) ago
Business
- Business Type: Apartment Building, Restaurant/Bar, Hair Salon and S
Interior
- Flooring: Concrete, Luxury Vinyl Plank, Carpet
Parking
- Total Spaces: 123
- Parking Type: Parking Lot
Location
- Area: Lower Paxton Twp (14035)
- Municipality: LOWER PAXTON TWP
- County: Dauphin
- Driving Directions: Located within Union Station. Locust Lane to Fairmont Drive. Property will be on right
School Information
- Elementary School: E.H. Phillips
- Middle School: Central Dauphin East
- High School: Central Dauphin East
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Builder: Yingst Homes
- Construction: Frame
- Elevator(s ): 1
- Stories/Levels: 3
- Year Built: 2023
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 2.74
- Lot Size (Sq. Ft.): 119,293
- Lot Size Source: Assessor
- Zoning: TND - TRADITIONAL NEIGHBO
Financial Considerations
- Price Per Sq. Ft.: $178.54
- Assessment Year: 2023
- Tax w/Assessment: $301,300
- Tax Amount: $78,012
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 1%
- Ownership: Fee Simple
- Investment: Yes
Listed by Rsr, Realtors, Llc, JIMMY H KOURY and Rsr, Realtors, Llc, JEFF KOURY
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Schools
Schools serving 1708 Fairmont Dr
School District:Central Dauphin School District
Rating | Name | Grades | Distance |
---|---|---|---|
100 Oakmont Rd, Harrisburg, PA 17109 | K-5 | 1.5 mi | |
628 Rutherford Rd, Harrisburg, PA 17109 | 6-8 | 1.2 mi | |
626 Rutherford Rd, Harrisburg, PA 17109 | 9-12 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1708 Fairmont Dr
Date
Details
Price
Change
Source
2/14/2024
Listed
$7,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1708 Fairmont Dr
1708 Fairmont Drive, Harrisburg, PA 17111 (MLS# PADA2030930) is a Store property. 1708 Fairmont Drive is currently listed for $7,950,000 and was received on February 14, 2024. Want to learn more about 1708 Fairmont Drive? Do you have questions about finding other Store real estate for sale in Harrisburg? You can browse all Harrisburg real estate or contact a Coldwell Banker agent to request more information.