Mixed-Use Property with On-Site
For Sale
$515,000
1055-1057 Lincoln Way East, Chambersburg, PA 17201
Two-level configuration combines ground-floor commercial space with flexible upper-floor residential or commercial use.
Property Size3,606 SF
Days on Market47
Property Features for 1055-1057 Lincoln Way East
General Information
Standard status
Active
Size
3,606 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Amenities
on-site parking
storage
Building Details
Building Size
3,606 SF
Year Built
1923
Stories
2
Listed By:
Bill Gladstone, CCIM, SIOR · License #PA #RS163443A
(717) 319-9022
Source:
Circommercial
Added: Sep 12
Changed: Oct 27
Last Checked: Oct 26 at 2:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bill Gladstone, CCIM, SIOR
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Investment Insights
Based on property information with market context.
Built in 1923, this mixed-use property provides commercial or office space on the first floor and residential space above. The upper level may also accommodate additional commercial use, supporting a flexible configuration for different occupancy plans. On-site parking and storage further support day-to-day functionality.
The property is located at 1055-1057 Lincoln Way East in Chambersburg, with access to I-81 and downtown Chambersburg. Its combination of street-level commercial space, upper-floor flexibility, storage, and on-site parking creates a practical setting for an owner-user or investor seeking mixed-use space.
The property is located at 1055-1057 Lincoln Way East in Chambersburg, with access to I-81 and downtown Chambersburg. Its combination of street-level commercial space, upper-floor flexibility, storage, and on-site parking creates a practical setting for an owner-user or investor seeking mixed-use space.
Key Highlights
- First‑floor commercial or office space
- Second‑floor residential area can support additional commercial use
- On‑site parking included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,699
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,980
$714.0K
Cap Rate 7%
$509,986
$510.0K
Cap Rate 9%
$396,656
$396.7K
Market Conditions
NOI Build-Up for 3,606 SF
Gross rent
$64.9K $18.00/SF
− Vacancy
−$7.8K −$2.16/SF
EGI
$57.1K $15.84/SF
− OpEx
−$21.4K −$5.94/SF
NOI
$35.7K $9.90/SF
Area
Franklin County, PA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$713,980
Cap Rate 7%
$509,986
Cap Rate 9%
$396,656
Alternative Uses
Best Use
Mixed Use
$510.0K
$446.2K – $595.0K
NOI $35,699 @ 7.0% cap · market cap 6.93%
Second Best
Retail
$484.1K
$423.6K – $564.8K
NOI $33,887 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$874.3K
$765.1K – $1.02M
NOI $61,204 @ 7.0% cap · market cap 11.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
960
Businesses Nearby
187k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 67%
Shops & Services 18%
Apparel 7%
Electronics 4%
McDonald's
Dining
33,074 visits/mo
0.1 miles
Texas Roadhouse
Dining
32,897 visits/mo
0.5 miles
Dollar Tree
Shops & Services
16,963 visits/mo
0.2 miles
Taco Bell
Dining
14,317 visits/mo
0.3 miles
Burger King
Dining
11,880 visits/mo
0.1 miles
Demographics for 17201, PA
27,556
Population
12,749
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
19.1 sq mi
ZIP Area
1,443
Density / Sq Mi
$59,645
Median Household Income
$42,500
Median Earnings
$1,109
Median Rent
$206,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration combines ground-floor commercial space with flexible upper-floor residential or commercial use.
Where is this mixed-use property located?
The property is located at 1055-1057 Lincoln Way East Chambersburg, PA.
What is the asking price?
The asking price for this property is $515,000.
What are key features of this property?
This property features: First‑floor commercial or office space; Second‑floor residential area can support additional commercial use; On‑site parking included
