610-251-0820
Corner of N Grant & E High St, Palmyra, PA for Sale
Industrial - FOR SALE
1/1
null | Request Cap Rate

Corner of N Grant & E High St
Palmyra, PA 17078


HIGHLIGHTS

  • Growing Demand Mixed with Supply Constraints
  • Strategic Regional Connectivity
  • Resilient Palmyra Submarket

OVERVIEW

This is a rare chance to acquire a stabilized, well-located, and construction superior multifamily community with meaningful upside potential in one of Delaware’s most historic and accessible submarkets.The Harrison Place Development Site offers a unique opportunity to acquire a well-located multifamily development site in the growing Palmyra market. The site will be delivered fully approved for 145 apartment units across three adjacent parcels. The Property will be 100% surface parked, with 204 off-street spaces. The main site will feature a three-story luxury apartment building with 92 units (“Harrison Place”), while the two other sites can support a 45-unit and an 8-unit building. Harrison Place will be the only one of its kind in Lebanon County, providing residents an opportunity to discover luxury living with over 3,300 square feet of amenities featuring a modern gym, co-working space with private offices, a stylish lounge with a shared kitchen, an on-site leasing office with dedicated staff, and a convenient pet-washing station. The property is situated in the desirable Palmyra area, offering convenient access to major transportation routes and nearby amenities. Its central location provides easy access to Routes 422, leading directly to job centers in Hershey and the greater Harrisburg area. The strategic location of the Harrison Place Development Site offers proximity to some of the region’s largest employment centers, including major employers such as The Hershey Company, Penn State Health Milton S. Hershey Medical Center, Farmers Pride Manufacturing, and WellSpan Good Samaritan Hospital. The property is centrally located within Palmyra offering convenient access to various shopping, dining, and recreational activities, providing residents with a vibrant and convenient lifestyle. Lebanon County, as well as the Greater Harrisburg MSA, has seen a 7.1% population increase since 2010, compared to the 2.1% increase at the state level. The area continues to show strong demand, and is under supplied in apartment units.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

10.75 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

260

LAND DETAILS

LAND ACRES

3.5

LAND SF

152,460

ZONING

-

APN/PARCEL ID

16-2291216-358434-0000

ASK ABOUT THIS PROPERTY

Brad MegayCBREMore Info
610-251-0820

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Brad MegayCBREMore Info
610-251-0820

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