3429 DERRY ST, Harrisburg, PA 17111
See all 15 photos
3429 DERRY ST, Harrisburg, PA 17111
3429 DERRY ST, Harrisburg, PA 17111
3429 DERRY ST, Harrisburg, PA 17111
3429 DERRY ST, Harrisburg, PA 17111
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Eric Melo

Eric Melo

+1(862) 242-9649
Listed by Aaron Skelly • U.S. Commercial Realty
$ 245,000
Est. payment /mo
Save
New

3429 DERRY ST Harrisburg, PA 17111

1,899 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Paxtang Borough

MLS Listing ID PADA2064746

Year Built 1920

Annual Tax Amount $2,433

Tax Year 2026

Lot Size 1,899 Sqft

Acres 0.04

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

3429 Derry Street is a Tenant Occupied investment opportunity with over Three (3) Years remaining on the initial Five (5) Year Lease. The Lease is structured as a modified gross where Tenant is responsible for all direct utilities, interior maintenance and exterior upkeep. Owner is reimbursed for water and sewer by Tenant. The Lease currently generates $30,900.00 in annual rent, escalating by 3.00% per year. Operating expenses reported of $6,273.72, creating an in-place NOI of $25,000.00 and a resulting CAP rate of 10.32%. This return rate and Lease structure creates a tremendous investment opportunity regardless of your funding source. Further, notable capital expenditures of roof, electric water heater, natural gas forced air and electric panels were installed in 2018. The Downtown District Zoning of Paxtang Borough generously provides for a multitude of commercial and residential type uses for future value-add opportunities. See marketing brochure for the in-place operating finances of the property.

Location

State PA

County Dauphin

Area Paxtang Boro (14047)

Zoning DOWNTOWN DISTRICT (DT)

Interior

Hot Water Electric

Cooling Central A/C

Flooring Solid Hardwood

Inclusions Appliances.

Heat Source Natural Gas

Exterior

Garage Spaces 2.0

Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available

Water Access N

Roof Type Asphalt

Accessibility None

Total Parking Spaces 2

Garage N

Building

Foundation Stone, Brick/Mortar

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Central Dauphin East

School District Central Dauphin

Others

Tax ID 47-037-011-000-0000

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
NEARBY SCHOOL & BUSINESS
Eric Melo

Eric Melo

Broker Associate License ID: 1644807

+1(862) 242-9649

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Real Broker, LLC, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

3429 DERRY ST