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70 W King St Chambersburg, PA 17201

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For Sale
$1,527,552

Single-tenant property with long-term lease and minimal landlord responsibility.

Property size:
7,800 SF

Property Features for 70 W King St

General Information

Size
7,800 SF

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Listing Contact
Pete Tuccio
Source: Lee-associates

Listing Agency: Apartment & Home Solutions Listing Agent: Pete Tuccio

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Chambersburg NNN Investment Opportunity

This 7,800 square-foot single-tenant property is occupied by a Berkshire Hathaway Realty office. The property features a long-term triple net lease with approximately seven years remaining and only one renewal option. The lease structure provides for little to no landlord responsibility and minimal long-term deferred maintenance. The lease includes 2% annual rent escalations. The tenant is backed by Homesale Real Estate Services, Inc. Over $600,000 in renovations have been completed since 2018. The lease was extended three years early to the maximum term allowable by the parent company. The property is located in Chambersburg, the 22nd largest of 962 boroughs in Pennsylvania, within a growing community. The intended use of the property is for retail purposes.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Nova Corporation IT Consulting Firm American Heritage Property ... Property Management Company Berkshire Hathaway HomeServices ... Real Estate Agency Diné Development Corp Corporate Office Brooke Hill, Realtor Real Estate Agency

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

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  • Local Demand
City
Chambersburg
County
Franklin
State
Pennsylvania
Longitude
-77.6625356
Latitude
39.9389479

FAQs

What type of property is this?
Retail space - Single-tenant property with long-term lease and minimal landlord responsibility.
Where is this retail space located?
The property is located at 70 W King St Chambersburg, PA.
What is the asking price?
The asking price for this property is $1,527,552.
What are key features of this property?
This property features: - Long-Term Triple Net Lease with 7 Years Remaining: Enjoy stable, passive income.; - Credit Tenant Backed by Homesale Real Estate Services, Inc.: Provides security and reliability.; - 2% Annual Rent Escalations: Ensures increasing returns.
More about this property
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