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112 N Harrisburg St - Formerly Hall Funeral Home

7,216 SF Specialty Building Offered at $575,000 at a 3.95% Cap Rate in Steelton, PA 17113

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Executive Summary

Grand building with 7,216 square feet for living space comprised of a funeral home formerly the Stone-Hall Funeral Home and eight residential rental units located on 2.73 acres with park like setting. Property parameter mostly all fenced featured majestic trees and a detached four bay garage and a RV parking stall. Property is a zoned non-conforming R-2 Residential. Constructed in 1880 for Bethlehem Steel executive and features high ceilings, wrap around porch, stunning oak woodwork, shadow boxes, trims and chandeliers. Beautiful ground with trees, lawns and paved parking to accommodate tenants and business. Property has great upside potential for investment and can accommodate various business uses. Grounds can be subdivided or developed. Use the building as office space while generating supplemental rental income from eight rentals each with separate electric meters. Property has lots to offer. Please call for additional information or to schedule a showing.

Client_Full9942

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$75,020	$10.40
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$75,020	$10.40
Taxes	$13,047	$1.81
Operating Expenses	$39,233	$5.44
Total Expenses	$52,280	$7.25
Net Operating Income	$22,740	$3.15

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$75,020
Annual Per SF	$10.40

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$75,020
Annual Per SF	$10.40

Taxes
Annual	$13,047
Annual Per SF	$1.81

Operating Expenses
Annual	$39,233
Annual Per SF	$5.44

Total Expenses
Annual	$52,280
Annual Per SF	$7.25

Net Operating Income
Annual	$22,740
Annual Per SF	$3.15

Property Facts

Price	$575,000	Building Class	C
Price Per SF	$80	Lot Size	2.73 AC
Sale Type	Investment or Owner User	Building Size	7,216 SF
Cap Rate	3.95%	No. Stories	3
Property Type	Specialty	Year Built	1880
Property Subtype	Lodge/Meeting Hall Specialty Religious Facility Specialty Schools	Parking Ratio	1.66/1,000 SF

Price	$575,000
Price Per SF	$80
Sale Type	Investment or Owner User
Cap Rate	3.95%
Property Type	Specialty
Property Subtype	Lodge/Meeting Hall Specialty Religious Facility Specialty Schools
Building Class	C
Lot Size	2.73 AC
Building Size	7,216 SF
No. Stories	3
Year Built	1880
Parking Ratio	1.66/1,000 SF

Amenities

Air Conditioning

PROPERTY TAXES

Parcel Number	59-009-016	Total Assessment	$262,600 (2024)
Land Assessment	$148,800 (2024)	Annual Taxes	$13,047 ($1.81/SF)
Improvements Assessment	$113,800 (2024)	Tax Year	2023