Value-Add Medical Office Harrisburg, PA | 3907 N Front St
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Value-Add Medical Office Harrisburg, PA 3907 N Front St
7,008 SF Vacant Office Building Online Auction Sale Harrisburg, PA 17110
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Investment Highlights
- Vacant single tenant 7,008-square-foot stone office/medical asset providing a significant value-add opportunity for investors and owners/users.
- This freestanding asset offers functional layouts, multiple exam rooms, operating rooms, a wheelchair ramp, and signage in an ideal location.
- Excellent infrastructure, including Harrisburg International Airport, Amtrak service, and interconnected highways connecting nearby large markets.
- Strategically positioned with exposure to 10,000 daily vehicles, it offers easy access to major highways, including Interstates 81 and 83 and more.
- Harrisburg boasts a diversified economy attracting national companies in the healthcare, technology, and government industries.
- Home to nearly 150,000 residents, offering a strong workforce and community that generates $1.8 billion in annual consumer spending.
Executive Summary
3907 N Front Street is a 7,008-square-foot, freestanding medical office building along the scenic banks of the Susquehanna River in Harrisburg, Pennsylvania. This three-story stone property offers functional floor plans with multiple exam rooms, operating rooms, a reception area, storage spaces, signage, manicured landscaping, and a wheelchair ramp. Situated on over a half-acre with ample parking, this vacant single-tenant asset presents a significant value-add opportunity, perfectly positioned to serve the East and West Shore submarkets of Harrisburg’s Central Business Districts.
The property benefits from high visibility with exposure to nearly 10,000 daily vehicles and easy access to major transportation routes, including Interstates 81 and 83, Linglestown Road (PA 39), Interstate 76/PA Turnpike, US 11/15, and US 22/322. It is strategically located within a 10-minute drive to downtown Harrisburg, making it easily accessible throughout the city and the state. Harrisburg’s economy is supported by a diversified workforce and industries such as healthcare, technology, and government. The region is also a key distribution hub for East Coast markets, home to major employers like Tyco Electronics, Hershey Chocolate USA, and Hershey Amusement Park. The Harrisburg Area East office submarket has demonstrated strong fundamentals, with low vacancy rates and consistent annual rental growth.
Dauphin County, home to Pennsylvania’s state capital, offers a unique blend of opportunity and quality of life. Harrisburg is beautifully situated along the Susquehanna River with views of the Blue Ridge Mountains, combining big-city amenities with small-town charm. The area’s growing population of nearly 150,000 within a 5-mile radius, coupled with annual consumer spending of $1.8 billion, makes this an exceptional investment opportunity. The region continues to attract businesses and residents alike, supported by robust infrastructure, including Harrisburg International Airport, the New Baldwin Corridor Enterprise Zone, and extensive rail and highway networks. 3907 N Front Street is a rare opportunity to acquire a strategically located asset in a growing market with strong economic drivers.
The property benefits from high visibility with exposure to nearly 10,000 daily vehicles and easy access to major transportation routes, including Interstates 81 and 83, Linglestown Road (PA 39), Interstate 76/PA Turnpike, US 11/15, and US 22/322. It is strategically located within a 10-minute drive to downtown Harrisburg, making it easily accessible throughout the city and the state. Harrisburg’s economy is supported by a diversified workforce and industries such as healthcare, technology, and government. The region is also a key distribution hub for East Coast markets, home to major employers like Tyco Electronics, Hershey Chocolate USA, and Hershey Amusement Park. The Harrisburg Area East office submarket has demonstrated strong fundamentals, with low vacancy rates and consistent annual rental growth.
Dauphin County, home to Pennsylvania’s state capital, offers a unique blend of opportunity and quality of life. Harrisburg is beautifully situated along the Susquehanna River with views of the Blue Ridge Mountains, combining big-city amenities with small-town charm. The area’s growing population of nearly 150,000 within a 5-mile radius, coupled with annual consumer spending of $1.8 billion, makes this an exceptional investment opportunity. The region continues to attract businesses and residents alike, supported by robust infrastructure, including Harrisburg International Airport, the New Baldwin Corridor Enterprise Zone, and extensive rail and highway networks. 3907 N Front Street is a rare opportunity to acquire a strategically located asset in a growing market with strong economic drivers.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financial Statements
- Purchase Agreement
- Third Party Report
Market Analytics Click Here to Access
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Market Sale Price per SF
Harrisburg - PA USA
Market Cap Rate
Harrisburg - PA USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Property Type
Office
Property Subtype
Medical
Building Size
7,008 SF
Building Class
B
Year Built/Renovated
1922/2007
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,336 SF
Building FAR
0.30
Lot Size
0.54 AC
Zoning
COL - Commercial Office Limited
Parking
24 Spaces (3.42 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Waterfront
- Wheelchair Accessible
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
The well maintained property was most recently used as a medical practice with functional floorplan for medical or professional user and unparalleled signage opportunity.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 7,008 SF | Office/Medical | - | Now |
1st Floor
| Size |
| 7,008 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
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1st Floor
| Size | 7,008 SF |
| Space Use | Office/Medical |
| Condition | - |
| Available | Now |
The well maintained property was most recently used as a medical practice with functional floorplan for medical or professional user and unparalleled signage opportunity.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
2,673
46,710
148,600
2020 Population
2,456
44,311
141,443
2029 Population
2,768
48,476
154,347
2024-2029 Projected Population Growth
3.6%
3.8%
3.9%
Daytime Employees
2,529
26,754
135,155
Total Businesses
220
2,616
10,812
Average Household Income
$87,227
$87,911
$83,406
Median Household Income
$79,524
$69,491
$65,007
Total Consumer Spending
$34.8M
$576.7M
$1.8B
Median Age
40.4
38.9
38.9
2024 Households
1,126
20,057
63,135
Percent College Degree or Above
16%
20%
19%
Average Home Value
$191,704
$202,370
$222,158
zoning
| Zoning Code | COL (Commercial Office Limited) |
| COL (Commercial Office Limited) |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $513,700 | |
| Land Assessment | $106,000 | Total Assessment | $619,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$106,000
Improvements Assessment
$513,700
Total Assessment
$619,700
Sale Advisors
Sale Advisors
Michael Curran, President and Executive Managing Director
(717) 540-2700
Contact
Mike joined Landmark Commercial Realty in January 2021 as President and Executive Managing Director. He has been providing strategic commercial real estate advisory services for over 15 years, locally and nationally. His timely and effective follow-ups, team-oriented leadership abilities, relationship skills, and experience, paired with the substantially sized network he has created consisting of previous clients and partners he has forged throughout the years, offers clients has proved to be invaluable.
Jessica Lilly, Senior Associate
(717) 731-1990 x3022
Contact
With nearly two decades of sales experience in the healthcare industry, Jessica has developed an extensive network of connections from c-level executives in large corporations to neighborhood small business owners and entrepreneurs. Her multi-million dollar account management familiarity and strategic planning know-how, paired with her excellent communication skills, authenticity, and meticulous attention to detail, offer clients a unique skill set in the commercial real estate industry. Jessica understands that every client has their own goals and needs, and she takes the time to listen thoroughly, always having their best interest in mind.
Nick Talley, Senior Associate
(717) 578-0195
Contact
Nick joined Landmark Commercial Realty in March 2023 as Senior Associate. He has nearly two decades of experience creating ongoing partnerships with hundreds of key customers and driving value through research and assessment.
As a former Vice President of a leading provider of higher education enrollment, student success, and fundraising solutions, Nick has a proven track record of success in developing innovative strategies to maximize returns and achieve desired outcomes while creating long-term value for his clients. His intuitive ability to proactively identify problems, offer creative solutions and leverage his experience has consistently exceeded client partners’ ROI goals and expectations. In addition, Nick’s extensive understanding of economic trends, market forces, and organizational dynamics will be invaluable in helping his clients to make informed decisions and obtain the best possible returns.
In his free time, Nick can be found chauffeuring his children around to their various sporting activities.
As a former Vice President of a leading provider of higher education enrollment, student success, and fundraising solutions, Nick has a proven track record of success in developing innovative strategies to maximize returns and achieve desired outcomes while creating long-term value for his clients. His intuitive ability to proactively identify problems, offer creative solutions and leverage his experience has consistently exceeded client partners’ ROI goals and expectations. In addition, Nick’s extensive understanding of economic trends, market forces, and organizational dynamics will be invaluable in helping his clients to make informed decisions and obtain the best possible returns.
In his free time, Nick can be found chauffeuring his children around to their various sporting activities.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
John Artozqui
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Broker RB068364. Ten-X Commercial Auction Firm AY002443, Auctioneer Arlene Richardson AU006275
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Value-Add Medical Office Harrisburg, PA | 3907 N Front St
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