123 Enola DrEnola, PA 17025

For Sale
$2,650,000

Prime Enola office space, multi-tenant, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents two office buildings totaling 42,360 square feet situated on a 1.94-acre lot in Enola, Pennsylvania (APN: 09-14-0832-189). The property, zoned Village Overlay, consists of two buildings: a renovated 30,000 square foot former schoolhouse featuring numerous office suites ranging from 250 to 1,000 square feet, and a newer 12,360 square foot building ideal for an end-user. Currently, there are only three unoccupied spaces among the 24 office rental units. The property boasts 100 parking spaces and has recently undergone $170,000 in capital improvements. Built in 1920 and 2004, this Class B, multi-tenant property offers a modified lease type and is priced at $2,650,000 ($62.56/sq ft). Its convenient location offers easy access to Routes 11/15 and I-81, placing it near East Pennsboro schools, Central Penn College, and Penn State Health Holy Spirit Medical Center. This presents a strong cap rate and a compelling opportunity for investors seeking a well-maintained, centrally located commercial property with significant upside potential. The property is offered as a whole.

Highlights

  • $170,000 in recent capital improvements.
  • Strong cap rate with only three vacant units.
  • Two office buildings totaling 42,360 square feet on a 1.94-acre lot.
  • Converted schoolhouse at 125 N. Enola Drive with multiple suites ranging from 250 to 1,000 square feet.
  • Newer 12,360 square foot office building at 123 N. Enola Drive suitable for an end-user.

Property Details for 123 Enola Dr

Property type
Other office properties, Office space
Square Feet
42,360 SF
Class
B
Buildings
2
Lot Size (sq. ft)
84,506 SF

Location Insight

City
Enola
County
Cumberland
State
Pennsylvania
Latitude
40.29254
Longitude
-76.9350027
123 Enola Dr, Enola, Pennsylvania

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123 Enola Dr
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