Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3640 Black Gap Rd Chambersburg, PA 17202

    Sponsored
    For Sale
    $375,000

    Commercial Sale - CHAMBERSBURG, PA

    Type:Retail
    Lot size:
    1.52 Acres
    Days on Market:
    14
    Last Refresh:
    Feb 22 at 6:06 pm

    Property Features for 3640 Black Gap Rd

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking
    11
    Parking features
    Parking Lot
    Lot size
    1.52 Acres

    Utilities

    Heating system
    Electric (Heating), Baseboard
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1974
    Building materials
    Wood Siding

    We can help!

    Listing Contact
    Lane I Thrush

    Keller Williams Keystone Realty (717) 755-5599

    Listing agent Lane I Thrush (717) 504-8002 License #RM423221

    Listing date Feb 9, 2026

    MLS# PAFL2026638

    Copyright © 2026 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

    Commercial Land on Route 997

    This commercially zoned property, formerly Country Time Treasures, is located directly on Route 997, a short distance from I-81 and minutes from Route 11, offering excellent visibility and easy access. The site has public water and sewer connections available. The lot size is 1.52 acres. The property is located in CHAMBERSBURG, PA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Country Time Treasures (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.57921
    Latitude
    39.96607

    Nearby Similar for Sale

    • New
      $898,000
      3.00 Acres

      Turn-Key Car Dealership Opportunity

      Thriving car dealership with 6-bay garage and ample space.
      422 Loudon St, Chambersburg, PA 17201
      View Details
    • $898,000
      3.00 Acres

      Turn-Key Car Dealership in Chambersburg

      Thriving car dealership with 6-bay garage and ample vehicle display.
      422 Loudon St, Chambersburg, PA 17201
      View Details
    • New
      $195,000
      0.14 Acres

      Spacious Duplex Near Amenities

      Side-by-side duplex near shopping, schools, and parks.
      325 Hood St, Chambersburg, PA 17201
      View Details
    • $799,000
      6,000 SF

      Versatile Commercial Property Near Route 30

      Two buildings offer flexible space for office, retail, or commercial uses.
      1758 Lincoln Way E, Chambersburg, PA 17201
      View Details
    • New
      $199,900
      2,192 SF

      Chambersburg Duplex with Attached Garage

      Over/under duplex with garage in Chambersburg, PA.
      376 Lincoln Way E, Chambersburg, PA 17201
      View Details
    • $800,000
      0.40 Acres

      Chambersburg Restaurant with Real Estate

      Community restaurant with real estate near Wayne Ave & Orchard Drive.
      831 Wayne Ave, Chambersburg, PA 17201
      View Details
    • Contact for pricing
      621,400 SF

      High Bay Warehouse Space Available

      447,000 SF high bay warehouse space for lease.
      2294 Molly Pitcher Hwy, Chambersburg, PA 17202
      View Details
    • $315,000

      Chambersburg All-Brick Home with Garage

      All-brick home featuring first-floor living, basement, and oversized garage.
      217 Mill Rd, Chambersburg, PA 17201
      View Details
    • $375,000
      1.32 Acres

      High-Traffic Commercial Corner Lot

      Chambersburg, PA: Prime Commercial Opportunity
      5771 Philadelphia Ave, Chambersburg, PA 17202
      View Details
    • $1,527,552
      7 SF

      Chambersburg NNN Investment Opportunity

      Single-tenant property with long-term lease and minimal landlord responsibility.
      70 W King St, Chambersburg, PA 17201
      View Details
    • $600,000
      9,800 SF

      Chambersburg Mixed-Use Commercial Property

      Versatile 9,800 sq ft commercial space on 2 acres.
      6317 Rock Hill Rd, Chambersburg, PA 17202
      View Details
    • Contact for pricing
      6,095 SF

      Restaurant Property For Sale

      Restaurant property with zero landlord responsibilities in Chambersburg, PA.
      935 Wayne Ave, Chambersburg, PA 17201
      View Details

    FAQs

    What type of property is this?
    Storefront property - Commercially zoned land with high visibility and easy access.
    Where is this storefront property located?
    The property is located at 3640 Black Gap Rd Chambersburg, PA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Commercially Zoned: Offers diverse business opportunities.; - Prime Location: Directly on Route 997, near I-81 and Route 11, providing excellent visibility and accessibility.; - Public Water and Sewer: Connections available for convenient development.
    (717) 816-4011
    Request Owner's contact information
    3640 Black Gap Rd Chambersburg, PA 17202
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3640 Black Gap Rd
    Chambersburg, PA 17202
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3640 Black Gap Rd Chambersburg, PA 17202
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lane I Thrush
    Real Estate License ID: RM423221
    (717) 816-4011 (717) 504-8002
    Learn more
    Google sign-in failed. Please try again or use another login method.