Freestanding Office Building with
1137 KENNEBEC Drive Chambersburg, PA 17201
For Sale
$800,000
Commercial Sale - CHAMBERSBURG, PA
Property Size4,390 SF
Lot Size0.75 Acres
Price / SF$182.23
Days on Market97
Property Features for 1137 KENNEBEC Drive
General Information
Property type
Other
Property subtype
Office
Parking
35
Parking features
Offsite, On Street, Parking Lot
Standard status
Active
Lot size
0.75 Acres
Taxes and HOA fees
Tax Annual Amount
18489
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Building Details
Year built
1990
Building materials
Brick
Listing Agency:
Keller Williams Keystone Realty
(717) 504-8002
Listed By:
Lane I Thrush · License #RM423221
(717) 816-4011
Added: Apr 23
Changed: Jul 13
Last Checked: Jul 28 at 3:06AM
MLS# PAFL2034274
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.
Investment Insights
Based on property information with market context.
This freestanding office building offers flexible workspace totaling 4,390 square feet, plus an additional 600 square feet of garage or storage area. The interior is currently laid out with more than 10 private offices, two conference rooms, a kitchen/breakroom area, and a front foyer/reception space designed for client entry.
The property includes 35+ on-site parking spaces and is described as being convenient to major highways, restaurants, and other local businesses.
The existing configuration is positioned for day-to-day office operations, with the opportunity to reconfigure or customize the space to better fit business needs.
The property includes 35+ on-site parking spaces and is described as being convenient to major highways, restaurants, and other local businesses.
The existing configuration is positioned for day-to-day office operations, with the opportunity to reconfigure or customize the space to better fit business needs.
Key Highlights
- 4,390 SF flexible commercial office space plus 600 SF garage/storage area
- Interior includes 10+ private offices, 2 conference rooms, kitchen/breakroom, and front foyer/reception
- Brick construction with central air and a heat pump
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.0k | $20.04 |
| − Vacancy | −$15.8k | −$3.61 |
| EGI | $72.1k | $16.43 |
| − OpEx | −$18.0k | −$4.11 |
| NOI | $54.1k | $12.32 |
4,390 SF · lease $20.04/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$772.9K
$676.3K – $901.8K
NOI $54,105 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.06M
$931.4K – $1.24M
NOI $74,511 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Freestanding office property features multiple private offices, conference rooms, and a reception foyer with parking on site.
Where is this office building located?
The property is located at 1137 KENNEBEC Drive Chambersburg, PA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 4,390 SF flexible commercial office space plus 600 SF garage/storage area; Interior includes 10+ private offices, 2 conference rooms, kitchen/breakroom, and front foyer/reception; Brick construction with central air and a heat pump
