304 Market St, Lemoyne, PA for sale

Investment 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 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.

Investment Highlights

• - Attractive In-Place Yield: Offered at a 7.21% cap rate with current Net Operating Income of $115,359 the asset provides investors with a strong going-in return in a supply-constrained Central Pennsylvania market.
• - Diversified Income Streams: A balanced mix of street-level retail suites and residential apartment units reduces reliance on a single tenant type and enhances long term income stability.
• - Prime Market Street Frontage: Located along Market Street / US Route 11–15, the property benefits from excellent visibility, steady traffic, and immediate connectivity to Camp Hill, Lemoyne, and Downtown Harrisburg.
• - Strong Regional Accessibility: The site offers convenient access to I-83, I-76 (PA Turnpike), and I-81, positioning the property within a highly accessible commuter and employment corridor.
• - Walkable, In-Demand Neighborhood: Surrounded by restaurants, retail, government offices, and riverfront amenities, the location supports continued tenant demand across both the retail and residential components.
• - Operational Upside Potential: The asset presents opportunities for continued rent growth, expense optimization, and long-term value appreciation through professional management.