MLS#PADA2062482
STATUSACTIVE
PROPERTY TYPECommercial -
SUBDIVISIONPAXTANG BOROUGH
SCHOOLCENTRAL DAUPHIN
Property Description
Turnkey investment delivering immediate cash flow with a 10+% cap rate and built-in annual income growth! This fully leased mixed use property is an exceptional opportunity for investors seeking a stable, low-maintenance asset. The current tenant is secured with four years remaining on the lease, featuring 3% annual rent increases that provide predictable cash flow and long-term appreciation. Positioned on a highly visible corner lot, this extensively remodeled property requires no updates, allowing a new owner to step into a truly turnkey investment. The tenant is responsible for all utilities and landscaping, significantly reducing ownership responsibilities while maximizing net income. Offering approximately 1,835 square feet of finished space, the building features beautiful hardwood flooring throughout, natural gas forced-air heat, central air conditioning, a full basement with interior access for additional storage, and an attic for even more storage potential. The property also includes two off-street parking spaces, an updated roof installed in 2018, and well-maintained mechanical systems, making it an attractive, worry-free investment. Whether you’re looking to expand your commercial portfolio or complete a 1031 exchange, this is a rare opportunity to acquire a fully occupied, professionally updated, income-producing property with strong returns from day one and built-in rental growth for years to come.
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Natural Gas
Heating: 90% Forced Air
Lot Size: 0.04 Acres
Roof Type: Asphalt
Taxes: $2,433
Year Built: 1920
Feature Descriptions
Days on Site: 7
Electric: Circuit Breakers
Exterior: Brick
Flooring: Solid Hardwood
Location: Downtown
Lot Dimensions: 0.04 Acre(S)
Municipality: PAXTANG BORO
Parking Notes: Private
Sewer: Public Sewer
Total Garage/Parking Spaces: 2
Water: Public
Local Schools
High School: CENTRAL DAUPHIN EAST
School District: CENTRAL DAUPHIN
Listed By / Shown By
Listed By
Agency Name: Keller Williams Elite
Agency Phone: 7175532500
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
3429 Derry Street | MLS# PADA2062482
This commercial property located at 3429 Derry Street, Harrisburg, PA 17111 is currently listed for sale with an asking price of $260,000. Derry Street is located within the CENTRAL DAUPHIN school district. Search Harrisburg real estate on www.realtymark.net today.