405 Spruce St | Middletown, PA 17057
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405 Spruce St
Middletown, PA 17057
Retail Property For Sale
Investment Highlights
- Zoning permits: car dealers, service stations, liquor store, convenience store, pharmacies, bank, retail, restaurant, medical personal service, & more
- Equipment on site to include: 2 commercial air compressors, 3 hydraulic lifts
- Commercial Highway zoning prmits many uses, however, the best use is to continue as a car lot, auto repair and body shop
- Economic waste oil heating system was installed
Executive Summary
Excellent opportunity to purchase or lease an Auto Center in the best central location in Middletown. The property is located in the vicinity of Penn State Harrisburg that is experiencing continued growth and attracting undergraduate and graduate students, faculty, administrators, and corporate partners to the area. Penn State Harrisburg has become the fastest growing campus in the Penn State system. It is one of the hubs of the Harrisburg Market Keystone Innovation Zone, making certain business ventures eligible for tax incentives. The property is positioned in the vicinity of Harrisburg International Airport (HIA) that is continually growing and developing additional facilities on its lands to serve air travelers. HIA has expanded and modernized its commercial aviation and air freight support services. Middletown has been experiencing a steady economic rise since 1980 and is projected to continue its growth.
Property is located in the vicinity of Penn State Harrisburg that is experiencing continued growth and attracting undergraduate and graduate students, faculty and administrators, and corporate partners to the area.
It is one of the hubs of the Harrisburg Market Keystone Innovation Zone, making certain business ventures eligible for tax incentives.
Middletown has been experiencing a steady economic rise since 1980 and is projected to continue its growth.
Major employers close by include FedEX and its affiliates, Tyco Electronics, Phoenix Contract, along with numerous commercial and industrial entities such as the Pennsylvania Turnpike Commission, the Harrisburg International Airport, Penn State Harrisburg, and the Middletown Area School District.
Property is located in the vicinity of Penn State Harrisburg that is experiencing continued growth and attracting undergraduate and graduate students, faculty and administrators, and corporate partners to the area.
It is one of the hubs of the Harrisburg Market Keystone Innovation Zone, making certain business ventures eligible for tax incentives.
Middletown has been experiencing a steady economic rise since 1980 and is projected to continue its growth.
Major employers close by include FedEX and its affiliates, Tyco Electronics, Phoenix Contract, along with numerous commercial and industrial entities such as the Pennsylvania Turnpike Commission, the Harrisburg International Airport, Penn State Harrisburg, and the Middletown Area School District.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,480 SF
Building Class
C
Year Built/Renovated
1952/2000
Price
$350,000
Price Per SF
$141
Tenancy
Single
Building Height
1 Story
Loading Docks
4 Exterior
Building FAR
0.25
Lot Size
0.23 AC
Zoning
Commercial Highway
Parking
25 Spaces (10.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Signage
- Air Conditioning
PROPERTY TAXES
Parcel Number | 42-025-038 | Improvements Assessment | $87,900 |
Land Assessment | $57,200 | Total Assessment | $145,100 |
PROPERTY TAXES
Parcel Number
42-025-038
Land Assessment
$57,200
Improvements Assessment
$87,900
Total Assessment
$145,100
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