Ronald Reagan Federal Building and Courthouse
Online Auction scheduled to close December 1, 2021
228 Walnut Street
- Ideal redevelopment opportunity of 246,000 +/- GSF office building in downtown Harrisburg
- 11 above grade floors, 55 parking spaces, on approximately 0.695 acres
- Located in CBD
- Across from Capital Plaza
- Diagonal to Strawberry Square
- Eligible for 10-year tax abatement
- Located in PA Federal Opportunity Zone
THE RONALD REAGAN FEDERAL BUILDING AND COURTHOUSE at 228 Walnut Street, is located in the central business district (CBD) of Harrisburg, PA. The building occupies one full block and is surrounded on the northeast by N. Third Street, the east by Walnut Street, southwest by N. Court Street, and west by Locus Street. The building is surrounded by numerous mid- and high-rise office and multi-use buildings. Harrisburg is the capital of Pennsylvania, and Capital Plaza is located across N. Third Street from the Federal Building. Diagonally across from the Federal Building, at the corner of Walnut Street and N. Third Street, is Strawberry Square, a one-million square foot retail and office complex. It is also located across the street from the grounds of the State Capitol Complex, and is just 50 feet from two public parking garages.
Constructed in 1966, the building has eleven occupied floors above grade, with a mechanical penthouse and an elevator penthouse setback in two tiers above the eleventh-floor roof. The first floor is set back approximately eight feet on all sides of the building; freestanding columns carry the floors above. Below grade, there is a basement level is containing 55 parking spaces, and below that a sub-basement level containing mechanical and electrical rooms, building engineering and support spaces.
At the time of sale, and for a duration of no longer than 36 months thereafter, the Government will reserve an estate over the entire property for the continued exclusive use and occupancy of the property. The term of this reserved estate will commence on the date of the conveyance of the property to the purchaser. In the event that the Government vacates the property prior to the 36 months term, the purchaser will be required to accept the property at such earlier date. No payment or fee will be supplemented for the reserved occupancy.
The purchaser will be required to keep the name of the building as the Ronald Reagan Federal Building and U.S. Courthouse (RRFB) for the duration of the reservation. Following cessation of Federal occupancy, the building will no longer be understood to be referred to as the RRFB.
Bidding Process and Timeline
The property will be sold via on-line auction, and information on that process can be found on the auction website.
- The auction process allows for interested parties to bid on and potentially acquire the property in a transparent, expedited process. Unlike traditional property sales where the price and terms of competing offers are unknown, GSA’s online auction provides interested groups with a high level of control over the bidding process.
- Interested parties are encouraged to review the Invitation for Bids (IFB) and schedule an appointment to tour the property.
- Bidders are required to post a $100,000 deposit (refundable if not awarded the property) and the minimum bid for the property is $3,000,000.
- The property is being sold AS-IS, WHERE-IS.