228 Walnut St | Harrisburg, PA 17101
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- LoopNet Team
228 Walnut St
Harrisburg, PA 17101
Multifamily/Hotel Redevelopment Opportunity · Office Property For Sale
Investment Highlights
- The current total building area is 251,179 SF, including 55-space, below-grade parking lot, which will provide an investor with additional cash flow.
- The Pennsylvania GSA currently occupies the building and the reservation shall expire on February 4, 2024, but has indicated they will vacate Q1 2023.
- Prime Harrisburg location steps from national retailers like Dunkin' and local restaurants like Federal Taphouse and Stock's on 2nd.
- Excellently positioned for a redevelopment play to convert to 200-plus luxury multi-family units with ground-floor restaurant space and retail shops.
- Approved historic tax credits available for up to 20% of qualified-spend renovations and located in a Qualified Opportunity Zone.
- Close to the Market St. Bridge and Capital Beltway (I-83), connecting Harrisburg to Lemoyne, New Cumberland, & cities further south.
PROPERTY FACTS
Property Type
Office
Building Size
251,179 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1966
Tenancy
Multiple
Number of Floors
11
Typical Floor Size
22,834 SF
Building FAR
8.30
Lot Size
0.69 AC
Zoning
DC - Downtown center Business district
Parking
55 Spaces (0.22 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Fitness Centre
- Accent Lighting
- Basement
- Central Heating
- Partitioned Offices
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 04-011-001 | Improvements Assessment | £4,868,249 |
| Land Assessment | £1,056,685 | Total Assessment | £5,924,934 |
PROPERTY TAXES
Parcel Number
04-011-001
Land Assessment
£1,056,685
Improvements Assessment
£4,868,249
Total Assessment
£5,924,934
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