COMMERCIAL PROPERTY FACT SHEET - LoopNetimages4.loopnet.com/d2/XNeC7HBCDgzHLp37...Site Improvements:...

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected] COMMERCIAL PROPERTY FACT SHEET 26 State Avenue, Carlisle, PA 17013 Property Details: Price: $729,900 Price per Sq. Ft.: $100.04 Building Size: 7,296 Sq. Ft. Building Type: Professional Office Lot Size: 0.9538 acres APN: 40-09-0529-054 Zoning: General Commercial (C-2) Municipality: South Middleton Township Stories: Two Parking: 44 Surfaced Spaces Occupancy: 50% Leased / 50% Vacant Property Description: Freestanding professional office building containing two stories and 7,296 sq. ft. on a 0.95-acre lot in South Middleton Township, Cumberland County, Pennsylvania. The office building was built in 1992 and is in good condition. The exterior is wood and stucco. The roof was replaced in 2013 and the parking lot was resurfaced in 2016. The building offers an attractive ‘greenhouse’ entrance foyer with restrooms. Approximately half of the building is leased at a market rate through February 2019. The remaining square footage is available for an owner-occupant. Gas heat & central air-conditioning. Very nice office finishes!

Transcript of COMMERCIAL PROPERTY FACT SHEET - LoopNetimages4.loopnet.com/d2/XNeC7HBCDgzHLp37...Site Improvements:...

Page 1: COMMERCIAL PROPERTY FACT SHEET - LoopNetimages4.loopnet.com/d2/XNeC7HBCDgzHLp37...Site Improvements: On-site improvements include macadam paving (driveway and parking lots), parking

Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

COMMERCIAL PROPERTY FACT SHEET

26 State Avenue, Carlisle, PA 17013

Property Details: Price: $729,900 Price per Sq. Ft.: $100.04 Building Size: 7,296 Sq. Ft. Building Type: Professional Office Lot Size: 0.9538 acres APN: 40-09-0529-054 Zoning: General Commercial (C-2) Municipality: South Middleton Township Stories: Two Parking: 44 Surfaced Spaces Occupancy: 50% Leased / 50% Vacant Property Description: Freestanding professional office building containing two stories and 7,296 sq. ft. on a 0.95-acre lot in South Middleton Township, Cumberland County, Pennsylvania. The office building was built in 1992 and is in good condition. The exterior is wood and stucco. The roof was replaced in 2013 and the parking lot was resurfaced in 2016. The building offers an attractive ‘greenhouse’ entrance foyer with restrooms. Approximately half of the building is leased at a market rate through February 2019. The remaining square footage is available for an owner-occupant. Gas heat & central air-conditioning. Very nice office finishes!

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Location Description: The site includes a single tax parcel containing 0.9538 acres in South Middleton Township. The site can accommodate parking for 44 vehicles. The site offers attractive landscaping and a rear balcony. The site is an interior lot along State Avenue in close proximity to PA Route 34 and Interstate 81. The property is zoned General Commercial (C-2) in South Middleton Township.

SUBJECT PROPERTY - DEMOGRAPHIC STUDY

2010 Census Profile (Source: ESRI)

1 Mile 3 Miles 5 Miles

Population: 3,624 30,120 50,168

Households: 1,707 12,057 20,027

Housing Units: 1,837 13,059 21,432

Average Household Size: 2.01 2.26 2.34

Average Family Size: 2.62 2.91 2.89

Median Household Income: $52,925 $52,138 $57,941

Average Household Income: $72,762 $71,223 $76,729

Per Capita Income: $34,045 $30,581 $31,750

Highlights:

Over 3,200 square feet available to owner-user

44 Parking Spaces

New Roof in 2013

Parking Lot Resurfaced 2016

Air Conditioning Units New in 2015

Attractive Entrance Foyer

All Public Utilities

Flexible Zoning

Easy Access to I-81 (0.5 miles) and I-76 (3.0 miles)

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Tax Map

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

PROPERTY PHOTOGRAPHS

Building Front View

Front View

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Side & Rear View

Side View

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Parking Lot Entrance & Signage

Parking Lot

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Street View: State Avenue

Interior: Reception Office

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Interior: Private Office & Filing Room

Interior: Private Office

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Interior: Private Office

Interior: Private Office

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Interior: Office Reception Area

Interior: Half Bathroom (Common Area)

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Interior: Common Area

Interior: Office Area

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Interior: Office Area

Interior: Office Area

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Interior: 2nd Floor Office Area

Interior: Reception Area

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Interior

Interior: Office Area

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Interior

Interior

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Interior

Interior: Half Bathroom

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

AERIAL PHOTOGRAPH

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

AERIAL PHOTOGRAPH WITH IMAGERY

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

SITE DESCRIPTION

The following site description is based upon physical site inspections conducted by the

appraiser on May 15, 2017.

Parcel Number: 40-09-0529-054

Site Size: 0.9538 acres or ± 41,382 square feet

Site Coverage: 17.6%

Land-to-Building Ratio: 5.67 to 1

Lot Type: Interior lot along State Avenue.

Shape: The parcel is irregular in shape (see tax map). The shape of the

parcel does not negatively influence the marketability of the

property.

Topography: The site has generally level topography.

Drainage: Appears adequate. No drainage problems were observed during

the property inspection. The scope of this appraisal assignment

does not include specific tests for adequacy. The appraiser is not

an expert in soil or drainage issues.

Zoning: General Commercial (C-2) District of South Middleton Township

Environmental Hazards: None noted. The appraiser is not an expert in environmental

matters. A Phase I environmental test is suggested.

Seismic Hazards: Not a recognized problem.

Soil Conditions: The appraisers have not been made aware of any unusual or

adverse soil conditions.

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Landscaping: The site is professionally landscaped. The improved site includes

a sodded lawn, mature trees, shrubbery, and flower beds. The

landscaping was well-maintained at the time of inspection.

Parking and Drives: The subject property includes a spacious paved parking lot with

two (2) points of access from State Avenue. There are 44 striped

parking spaces indicating a parking ratio of 6.0 spaces per 1,000

square feet of gross building area. The parking lot was resurfaced

in 2016 and is considered to be in very good condition.

Site Improvements: On-site improvements include macadam paving (driveway and

parking lots), parking lot striping, business signage along State

Avenue, professional landscaping, exterior pole-mounted lighting

with concrete bases, private concrete sidewalks and curbing, and

a stone wall with an attached bench. There is a rear fire escape

and wooden deck.

Visibility: The subject site has visibility from State Avenue. Visibility is

considered adequate for office use.

Access: The site is accessed via two (2) entrances along State Avenue.

Access is considered adequate for office use.

Traffic Level: The traffic level along State Avenue is low. The traffic count along

PA Route 34 is 13,000 vehicles per day, according to PennDOT

studies.

Frontage: According to the legal description, the site has 361.28 feet of

frontage along State Avenue.

Easements/Encroachments: To the best of my knowledge, there are no easements or

encroachments negatively impacting the subject property. The

appraiser reviewed the current deed and performed a full site

inspection. Lots 8, 11, 12, 13, 14, 15, 19, 20, 21 and 22 of Central

State Plaza are restricted to institutional, banking and offices

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

purposes. The subject property is designated as Lot 21 on the

subdivision plan for Center State Plaza.

Flood Zone: According to Flood Hazard Map, Community Panel No.

42041C0240E, (effective date March 16, 2009) the property is

located outside of the designated floor zone area. Flood insurance

would not likely be required for this property. A Flood Map is

shown at the end of this section.

Public Utilities: Public water, sewer, natural gas, electricity and telephone.

Favorable Site Attributes: The subject property has commercial zoning and is located in an

established office park. The site is located within a short commute

of employment centers, shopping/entertainment, schools and

interstate systems. The site has access to public utilities.

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

PENNDOT TRAFFIC VOLUME MAP Published February 2017

The numbers displayed on the maps represent Annual Average Daily Traffic (AADT). AADT is

the typical daily traffic on a road segment for all the days in a week, over a one-year period.

Volumes represent total traffic, BOTH directions. The traffic count along PA Route 34 is 13,000

vehicles per day. The traffic level along State Avenue is low.

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

IMPROVEMENT DESCRIPTION

Property Identification: The subject property is located at 26 State Avenue in South Middleton

Township, Cumberland County, Pennsylvania. The building was constructed in 1992 and is

generally considered to be in good condition.

Improvements— Professional Office Building

Size: The professional office building includes 7,296 square feet of gross

building area and 6,383 square feet of net rentable area.

Type: Detached

Stories: Two

Year Built: 1992 – Actual age of 25 years.

Effective Age: 10 years.

Construction: Wood siding with stucco

Foundation: Concrete slab.

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Roof: The building has a pitched roof with asphalt shingles. The roof was

replaced in 2013 and is considered to be in good condition.

Ceilings: There are finished ceilings throughout the office building. The ceilings are

a mixed of acoustical ceiling tiles and drywall.

Entrances: There is a common entrance at the building’s front. The unit occupied by

Craig Kerns has exterior access. The FPA unit also has exterior access.

The second floor has a rear fire escape and wooden deck.

Layout: There is a common entrance foyer with a set of ADA restrooms and stairs

to the second floor. Suite 101 (FPA) includes a reception area,

secretarial office, five (5) private offices, a filing room and a half

bathroom. Suite 102 (Alma) includes 3 private offices, a secretarial area,

and a printing and break area. Suite 103 (Kern CPA) includes a front

reception area, two (2) private offices, a kitchenette in the hallway and a

half bathroom. Suite 201 (FPA) includes six (6) private offices, a waiting

area and a bathroom with a shower. Suite 202 (Alma) includes a

reception/work room, four (4) private offices, a conference room with

kitchenette, and a half bathroom.

Overhead Door(s): None.

Interior Finishes: The interior includes average office finishes throughout the building.

Flooring is a mix of commercial-grade carpet and ceramic tile. Interior

walls are painted drywall with wood trim. The walls have six inches of

insulation between them and staggered studs. Interior doors are solid

wood core. Ceilings are a mix of drywall and acoustical tile blocks.

Lighting: There is overhead fluorescent lighting and recessed lighting throughout

the building. There is overhead tract lighting in some areas. There are

sky lights on the 2nd floor and in the entrance foyer. There is exterior

lighting mounted on the building and exterior light poles with concrete

bases in the parking lot.

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

Windows: There are casement windows and stationary windows throughout the

building.

Restrooms: There is a set of ADA restrooms in the entrance foyer. Each unit also

includes a half bathroom. Suite 102 (FPA) has a small bathroom with a

shower.

HVAC: The building is heated by four gas-fired forced hot air furnaces and cooled

by central air-conditioning. The air conditioning units were replaced in

2015.

Electrical: The building includes two (2) 200-ampere breakers.

Gutters/Downspouts: Aluminum

Elevator: None

Sprinkler: None

Emergency: The building is served by smoke detectors, emergency lighting, fire

extinguishers and multiple exits.

Physical Adequacy: The design and layout of the improvements are physically adequate and

the construction quality is considered at market standard. The improved

site is considered to have adequate utility and appeal within the

commercial real estate market in the Greater Carlisle area.

ADA Compliancy: The appraiser is not an expert in ADA compliancy. Possible non-

compliance with ADA requirements and standards was not considered

when estimating the property value. The restrooms in the entrance foyer

appear to be ADA compliant. The building is not served by an elevator.

Deferred Maintenance: No evidence of deferred maintenance was noted during the property

inspection. The office building was constructed in 1992 and is in

average-to-good condition. Only general wear-and-tear of a 25-year-old

building. Building components such as the roof and air conditioning units

have been recently replaced. The parking lot was resurfaced in 2016.

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Wolfe & Company Realtors (717) 243-1551 33 South Pitt Street, Carlisle, PA 17013 [email protected]

AGENT CONTACTS Ray "Buz" Wolfe, CRS, Broker/Owner Greater Harrisburg Association of Realtors Hall of Fame Inductee (2010) WOLFE & COMPANY REALTORS 33 South Pitt Street Carlisle, PA 17013 717-243-1551 Office 717-240-5070 Direct www.wolfecr.com Andrew R. Wolfe Wolfe & Company Realtors 33 South Pitt Street Carlisle, PA 17013 717-448-0389 (Cell) 717-243-1551 (Office)