304-314 Market St - Apartments FOR SALE


Lemoyne, PA 17043
$1,600,000 USD
717-554-4881
304-314 Market St, Lemoyne, PA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/23
null | 7.21% Cap Rate

304-314 Market St
Lemoyne, PA 17043


HIGHLIGHTS

  • Attractive In-Place Yield | Offered at a 7.21% cap rate with current Net Operating Income of $115,359.
  • Diversified Income Streams | A balanced mix of street-level retail suites and residential units.
  • Prime Frontage | Located along Market Street / US Route 11–15, the property benefits from excellent visibility & steady traffic.
  • Strong Regional Accessibility | The site offers convenient access to I-83, I-76 (PA Turnpike), and I-81.
  • Walkable, In-Demand Neighborhood: Surrounded by restaurants, retail, government offices, and riverfront amenities.
  • Operational Upside Potential: Opportunities for continued rent growth, expense optimization, and long-term value appreciation.

OVERVIEW

Scope Commercial Real Estate is pleased to exclusively present 304 Market Street is a stabilized mixed-use investment property located in the heart of Lemoyne Borough, just minutes from Downtown Harrisburg. The asset consists of approximately 8,725 rentable square feet featuring a combination of street-level retail space and multifamily residential units, providing investors with diversified income streams. The property includes three commercial suites complemented by the 10 residential apartments above, serving local service-oriented retail tenants and area residents. Situated along Market Street / US Route 11–15, the property benefits from strong visibility, consistent traffic counts, and immediate access to major regional roadways including I-83, I-76 (PA Turnpike), and I-81. Offered at $1,600,000, the asset delivers a 7.21% cap rate with a current Net Operating Income of $115,359 presenting an attractive opportunity for investors seeking steady cash flow in a supply-constrained Central Pennsylvania market.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$187 USD /SF

# OF UNITS

13

PRICE/UNIT

$123,077

CAP RATE

7.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1941

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

Commercial Neighborhood

APN/PARCEL ID

12-21-0265-151

ASK ABOUT THIS PROPERTY

Craig DunkleSCOPEMore Info
717-554-4881

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Craig DunkleSCOPEMore Info
717-554-4881

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