Office Units with Conference
For Sale
$800,000
1137 KENNEBEC Drive, Chambersburg, PA 17201
Commercial Sale, CHAMBERSBURG, PA
Property Size4,390 SF
Lot Size0.75 Acres
Price / SF$182.23
Days on Market189
Property Features for 1137 KENNEBEC Drive
General Information
Property type
Other
Property subtype
Office
Parking
35
Parking features
Offsite, Parking Lot, On Street
Subdivision
KENNEBEC
Elementary school district
CHAMBERSBURG AREA
Middle school district
CHAMBERSBURG AREA
High school district
CHAMBERSBURG AREA
Standard status
Active
Lot size
0.75 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Annual Amount
18489
Utilities
Heating system
Heat Pump (Heating)
Cooling system
Central Air
Amenities
conference rooms
kitchen/breakroom area
Building Details
Year built
1990
Building materials
Brick
Listing Agency:
Keller Williams Keystone Realty · Keller Williams Realty
(717) 504-8002
Listed By:
Lane I Thrush · License #RM423221
(717) 816-4011
Added: Apr 23
Changed: Oct 27
Last Checked: Oct 28 at 5:06AM
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.
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Investment Insights
Based on property information with market context.
This 4,390-square-foot office property includes an additional 600 square feet of garage or storage area. The current layout features over 10 private offices, two conference rooms, a kitchen and breakroom, and a front foyer with reception space. The configuration supports immediate office use while allowing future adjustments to the interior arrangement.
The 0.75-acre property provides 35+ on-site parking spaces, with additional parking options identified as offsite and on-street. Built in 1990, the brick building is equipped with central air conditioning and heat pump heating. The property is positioned near major highways, restaurants, and other local businesses in Chambersburg, Pennsylvania.
The 0.75-acre property provides 35+ on-site parking spaces, with additional parking options identified as offsite and on-street. Built in 1990, the brick building is equipped with central air conditioning and heat pump heating. The property is positioned near major highways, restaurants, and other local businesses in Chambersburg, Pennsylvania.
Key Highlights
- 4,390 square feet of office space
- Additional 600 square feet of garage or storage area
- Over 10 private offices and two conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,105
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,100
$1.1M
Cap Rate 7%
$772,929
$772.9K
Cap Rate 9%
$601,167
$601.2K
Market Conditions
NOI Build-Up for 4,390 SF
Gross rent
$88.0K $20.04/SF
− Vacancy
−$15.8K −$3.61/SF
EGI
$72.1K $16.43/SF
− OpEx
−$18.0K −$4.11/SF
NOI
$54.1K $12.32/SF
Area
Franklin County, PA
Vacancy
18.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,100
Cap Rate 7%
$772,929
Cap Rate 9%
$601,167
Alternative Uses
Best Use
Office B
$772.9K
$676.3K – $901.8K
NOI $54,105 @ 7.0% cap · market cap 6.76%
Second Best
Flex RnD
$438.7K
$383.9K – $511.8K
NOI $30,708 @ 7.0% cap · market cap 3.84%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Brick office property with private offices, meeting rooms, reception, breakroom space, and dedicated on-site parking.
Where is this office unit 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 square feet of office space; Additional 600 square feet of garage or storage area; Over 10 private offices and two conference rooms
