822 Ritner Hwy Shippensburg, PA 17257
This exceptional commercial property presents a unique investment opportunity in Shippensburg, PA. The offering encompasses a substantial 4-acre lot, strategically located on Ritner Highway, boasting high traffic counts – ideal for a variety of business ventures. Included within the 4-acre parcel is a sizable home, currently occupied by a tenant, providing immediate potential rental income. Multiple outbuildings are also present on the site, offering versatile storage or expansion possibilities. The property's commercially zoned status opens the door to a wide range of business applications, from retail and service industries to light industrial uses. The existing home and outbuildings offer immediate utility, while the expansive land provides ample room for future development and growth. This property's prime location and versatile features make it an attractive proposition for entrepreneurs and investors seeking a strong foothold in a thriving market. The 1,834 square foot home provides additional income potential and the property is priced at $600,000. This is a rare opportunity to acquire a substantial commercial property with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.