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    822 Ritner Hwy Shippensburg, PA 17257

    Sponsored
    For Sale
    $600,000

    High-traffic 4-acre lot, home, outbuildings. Great business opportunity!

    Property size:
    1,834 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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.

    Property Features for 822 Ritner Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,834 SF
    Lot Size
    174,240 SF

    Building Details

    Year Built
    1876
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shippensburg
    County
    Cumberland
    State
    Pennsylvania
    Longitude
    -77.5015
    Latitude
    40.06296

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic 4-acre lot, home, outbuildings. Great business opportunity!
    Where is this commercial real estate located?
    The property is located at 822 Ritner Hwy Shippensburg, PA.
    What is the asking price?
    The asking price for this property is $600,000.
    (717) 504-8002
    Request Owner's contact information
    822 Ritner Hwy Shippensburg, PA 17257
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    Shippensburg, PA 17257
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    Realmo Value Estimation

    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.

    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.

    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
    822 Ritner Hwy Shippensburg, PA 17257
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