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    The Largest CRE Database in the US with Over 1 Million Listings

    2593 Philadelphia Ave Chambersburg, PA 17201

    Sponsored
    For Lease
    $6,000 /Mo

    CommercialLease - CHAMBERSBURG, PA

    Type:Retail
    Days on Market:
    136
    Last Refresh:
    Feb 4 at 9:06 am

    Property Features for 2593 Philadelphia Ave

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking
    865
    Parking features
    Parking Lot

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1980

    We can help!

    Listing Contact
    Donald P Beynon
    Donald P Beynon

    Realty One Group Golden Key (814) 644-3708

    Listing agent Donald P Beynon (717) 552-4566 License #RS335539

    Listing date Sep 22, 2025

    MLS# PAFL2029634

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spacious End Cap Retail Opportunity

    Available for lease is a 3,000 to 10,000 square foot space that can be subdivided, offering a wide-open layout and ample parking. The property features great signage opportunities. The owner is willing to build out the suite for well-qualified tenants. This end cap space is ideal for a variety of uses, including restaurants, indoor playgrounds, multi-use sports facilities, adult daycares, children's daycares, thrift stores, gyms, salon suites, event halls, second-hand stores, or offices. The property is currently built out as a school with 18 offices or classrooms, making it easily convertible for doctor or dentist use. Alternatively, the space can be opened up into a 10,000 square foot retail area suitable for daycares, indoor playgrounds, churches, gyms, vape/tobacco shops, arcades, martial arts studios, or traditional retail operations. The space requires renovation and includes central air and heating, partitioned offices, private restrooms, a security system, high ceilings, drop ceilings, emergency lighting, and finished ceilings at 10 feet. The property is wheelchair accessible and located in Chambersburg, PA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Merakey Training Center NHS School Chambersburg Training Center

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.63501095
    Latitude
    39.971587

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    FAQs

    What type of property is this?
    Retail space - Versatile 3,000-10,000 SF space suitable for various businesses.
    Where is this retail space located?
    The property is located at 2593 Philadelphia Ave Chambersburg, PA.
    What are key features of this property?
    This property features: - Owner will build the suite to suit well-qualified tenants.; - **3,000-10,000 sq ft available and can be subdivided.**; - Ideal for a wide range of uses including restaurant, daycare, gym, retail, or offices.
    (717) 552-4566
    Request Owner's contact information
    2593 Philadelphia Ave Chambersburg, PA 17201
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    Chambersburg, PA 17201
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2593 Philadelphia Ave Chambersburg, PA 17201
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    We can help!
    Listing Contact
    Donald P Beynon
    Donald P Beynon
    Real Estate License ID: RS335539
    (717) 552-4566
    Learn more
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