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Corner of N Grant & E High St 60,000 SF Industrial Building Palmyra, PA 17078 For Sale
INVESTMENT HIGHLIGHTS
- Growing Demand Mixed with Supply Constraints
- Resilient Palmyra Submarket
- Strategic Regional Connectivity
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Sale Type | Investment | Year Built | 1960 |
| Sale Condition | Redevelopment Project | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 4.33/1,000 SF |
| Building Class | C | Clear Ceiling Height | 10’9” |
| Lot Size | 3.50 AC | No. Dock-High Doors/Loading | 2 |
| Rentable Building Area | 60,000 SF | No. Drive In / Grade-Level Doors | 1 |
| No. Stories | 1 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 3.50 AC |
| Rentable Building Area | 60,000 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Tenancy | Single |
| Parking Ratio | 4.33/1,000 SF |
| Clear Ceiling Height | 10’9” |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
UTILITIES
- Lighting
- Water
- Sewer
- Heating
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 16-2291216-358434-0000 | Improvements Assessment | $124,566 CAD |
| Land Assessment | $85,806 CAD | Total Assessment | $210,372 CAD |
PROPERTY TAXES
Parcel Number
16-2291216-358434-0000
Land Assessment
$85,806 CAD
Improvements Assessment
$124,566 CAD
Total Assessment
$210,372 CAD
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Corner of N Grant & E High St
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