2200 Market St - Schools FOR SALE


Harrisburg, PA 17103- East Harrisburg
$11,900,000 USD
717-554-4881
2200 Market St, Harrisburg, PA for Sale
$11,900,000 USD
Schools - FOR SALE
1/10
null | Request Cap Rate

2200 Market St
Harrisburg, PA 17103
East Harrisburg


HIGHLIGHTS

  • 115,000 SF Existing Improvement
  • 8.2-Acre Redevelopment Campus
  • Commercial Neighborhood Zoning
  • $7 Million RACP Grant Included
  • Additional Incentive Potential
  • Prior Entitlement & Planning Efforts Completed

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 2200–2300 Market Street, Harrisburg, Pennsylvania, a landmark 8.2-acre redevelopment opportunity featuring approximately 115,000 square feet of existing improvements and a rare combination of established entitlements, public funding support, and flexible acquisition structures. Formerly occupied by Bishop McDevitt High School, the property consists of a three-story institutional facility originally constructed in 1930 and extensively renovated in 1963. The existing improvements provide a substantial adaptive reuse opportunity while the site’s scale and commercial zoning support a wide range of redevelopment strategies, including multifamily residential, mixed-use, senior housing, educational, healthcare, office, and institutional uses. A key differentiator of the offering is the inclusion of a $7,000,000 Redevelopment Assistance Capital Program (RACP) grant, creating a significant source of non-dilutive capital for future redevelopment. In addition, the property may present opportunities for further incentive layering through Historic Tax Credits, New Markets Tax Credits, local tax abatement programs, and other economic development initiatives, subject to buyer diligence and project qualifications.

FOR SALE DETAILS

PRICE

$11,900,000 USD

PRICE/SF

$103 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Bishop McDevitt High School

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.1 AC

LAND SF

352,836 SF

ZONING

CN

APN/PARCEL ID

09-078-001

ASK ABOUT THIS PROPERTY

Craig DunkleHorvath & TremblayMore Info
717-554-4881

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Craig DunkleHorvath & TremblayMore Info
717-554-4881

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.