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    935 Wayne Ave Chambersburg, PA 17201

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    For Sale
    $2,232,258

    Restaurant property with zero landlord responsibilities in Chambersburg, PA.

    Property size:
    6,095 SF
    Lot size:
    2.06 Acres

    Property Features for 935 Wayne Ave

    General Information

    Size
    6,095 SF
    Lot size
    2.06 Acres

    Source: Bennett Realty & Development Agent Steve Garthwaite

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

    Overview

    Restaurant Property For Sale

    This 6,095 square-foot restaurant property is situated on 2.05 acres in front of a prominent, institutionally owned, Giant-anchored center. Located just over two miles from Downtown Chambersburg, which has a population of 21,500, the property benefits from its location in a manufacturing and logistics hub with ideal casual dining demographics. I-81 serves as a major logistics corridor throughout the eastern US. The property offers zero landlord responsibilities and features 3% annual rent increases starting in 2029. The owner of SPB Hospitality, who owns Krystal, Logan’s Roadhouse, J. Alexander’s, Gordon Biersch Brewery, and several other concepts, is Fortress. Red Lobster’s new CEO most recently led the turnaround of P.F. Chang’s. This property is intended for restaurant or retail use.
    Insight Report Location Intelligence

    Current Use by Public Records

    Red Lobster Seafood Restaurant Chambersburg Fast House ... Repair Service Rapid Commercial Exterminators Pest Control Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.6529582
    Latitude
    39.914646

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    FAQs

    What type of property is this?
    Restaurant - Restaurant property with zero landlord responsibilities in Chambersburg, PA.
    Where is this restaurant located?
    The property is located at 935 Wayne Ave Chambersburg, PA.
    What is the asking price?
    The asking price for this property is $2,232,258.
    What are key features of this property?
    This property features: - 2.05 Acres in front of a Giant-anchored center; - Zero Landlord Responsibilities; - 3% Annual rent increases starting in 2029
    (732) 837-4060
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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
    935 Wayne Ave Chambersburg, PA 17201
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