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1708 Fairmont Drive

1708 Fairmont Dr, Harrisburg, PA 17111

$7,000,000
Discover a prime investment opportunity in Union Station, a 350+ home community within Lower Paxton Township, with a brand-new multi-use building constructed in 2023. This property uniquely combines 22 modern 2-bedroom, 2-bathroom residential apartments and 4 leased commercial spaces. The commercial lineup includes Legion Hair Salon, Hops & Barley restaurant, Shakedown BBQ, and the Snack Shop, each committed to 5-10 year leases. 17 of the apartments are currently filled and we anticipate near 100% occupancy before Settlement. Located in the Central Dauphin School District and across from a popular brewery, this property promises a vibrant community and a desirable lifestyle for tenants. It's an exceptional investment that offers a mix of stable income from long-term commercial leases and the growth potential from residential rentals. Positioned in a sought-after neighborhood, it provides a perfect balance for both families and professionals. This investment property is not just a building but a community hub in a thriving residential neighborhood, promising both a steady income stream from its commercial tenants and a strong occupancy rate for its residential units. An opportunity like this, combining a prime location, a brand-new facility, and a mix of commercial and residential leases, is rare and presents a significant value proposition for any savvy investor.

44,528 Sq.Ft. LIVING AREA

2.74 Acres lot

Features & Amenities

Interior

  • Flooring Carpet, Concrete
  • APPLIANCES Electric Water Heater
  • other interior Features Elevator

Area & Lot

  • Status Sold
  • Living Area44,528 Sq.Ft.
  • Lot Area2.74 Acres
  • MLS® IDPADA2030930
  • TypeCommercial
  • YEAR BUILT2023

Exterior

  • STORIES3
  • water SourcePublic
  • HEAT TYPEForced Air, Electric
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer

Financial

  • Sales Price$7,000,000
  • Real Estate Tax $8,106/yr
Jimmy Koury

Jimmy Koury

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Uniquely qualified to handle all of your residential and commercial needs, I look forward to assisting you in any way that I can. Whether you are downsizing, upsizing, or buying something for the first time, feel free to give me a call and I'll be happy to help.

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