Polyclinic Ave | Harrisburg, PA 17110
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Polyclinic Ave
Harrisburg, PA 17110
Polyclinic Hospital (Landis) · Office Property For Sale
Executive Summary
The Offering consists of a +/- 314,790 SF medical hospital facility on North 3rd St in uptown Harrisburg known as the Polyclinic Medical Building. The seven-story building is centrally located just off of Division Street and has been an anchor to the community since the original Polyclinic Hospital opened in 1909. The current building was built in 1964 and consists of the Landis Building and the Memorial Building and share a primary entrance with a large open lobby. The property also includes abundant on-site parking consisting of 200 surface spaces as well as an adjacent parking garage.
2501 N 3rd Street is wholly leased to UPMC which it’s predecessors have occupied properties at the site since the Hospital was founded in 1909. The property most notably houses the Pennsylvania Psychiatric Institute operated by Penn State Health and the National Alliance of Mental Illness, which services all aspects of mental health and psychiatric needs including overnight stay for patients in need. Polyclinic also is home to laboratory services, physical therapy, orthopedic clinic, and clinical education & development. The location is highly desired by UPMC and Penn State Health due to the close proximity to UPMC Harrisburg Hospital Campus as well as Penn State Health Holy Spirit Hospital Campus, both of which serve as regional hub locations to each health system. The property is subject to a 50 year ground lease with UPMC who also holds the master lease as the tenant.
2501 N 3rd Street is wholly leased to UPMC which it’s predecessors have occupied properties at the site since the Hospital was founded in 1909. The property most notably houses the Pennsylvania Psychiatric Institute operated by Penn State Health and the National Alliance of Mental Illness, which services all aspects of mental health and psychiatric needs including overnight stay for patients in need. Polyclinic also is home to laboratory services, physical therapy, orthopedic clinic, and clinical education & development. The location is highly desired by UPMC and Penn State Health due to the close proximity to UPMC Harrisburg Hospital Campus as well as Penn State Health Holy Spirit Hospital Campus, both of which serve as regional hub locations to each health system. The property is subject to a 50 year ground lease with UPMC who also holds the master lease as the tenant.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
314,790 SF
Building Class
B
Year Built
1964
NOI
$3,840,151
Tenancy
Single
Building Height
7 Stories
Typical Floor Size
12,720 SF
PROPERTY TAXES
Parcel Number | 10-043-013 | Improvements Assessment | $35,006,300 |
Land Assessment | $436,600 | Total Assessment | $35,442,900 |
PROPERTY TAXES
Parcel Number
10-043-013
Land Assessment
$436,600
Improvements Assessment
$35,006,300
Total Assessment
$35,442,900
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