Chambersburg Restaurant Opportunity For
For Sale
$800,000
831 Wayne Ave, Chambersburg, PA 17201
Long-time community restaurant with real estate near Wayne Ave & Orchard.
Property Size2,700 SF
Price / SF$296.30
Days on Market255
Property Features for 831 Wayne Ave
General Information
Standard status
Active
Size
2,700 SF
Building Details
Year Built
1976
Listing Agency:
Help-U-Sell Keystone Realty, LLC
Listed By:
Enrico Scotto Di Carlo · License #AB068406
(717) 372-4573
Source:
Riverfoxrealty
Added: Jan 26
Changed: Oct 7
Last Checked: Oct 7 at 5:41PM
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 Help-U-Sell Keystone Realty, LLC
Investment Insights
Based on property information with market context.
This is a long-time community restaurant with a real estate location near the intersection of Wayne Ave & Orchard Drive. The restaurant is now BYOB.
Key Highlights
- Prime location near the intersection of Wayne Ave & Orchard Drive.
- Established community restaurant.
- Real estate included in the sale.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,426
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,520
$728.5K
Cap Rate 7%
$520,371
$520.4K
Cap Rate 9%
$404,733
$404.7K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$54.1K $20.04/SF
− Vacancy
−$5.5K −$2.05/SF
EGI
$48.6K $17.99/SF
− OpEx
−$12.1K −$4.50/SF
NOI
$36.4K $13.49/SF
Area
Franklin County, PA
Vacancy
10.24%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,520
Cap Rate 7%
$520,371
Cap Rate 9%
$404,733
Alternative Uses
Best Use
Specialty Retail
$520.4K
$455.3K – $607.1K
NOI $36,426 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$654.7K
$572.8K – $763.8K
NOI $45,827 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
247k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 31%
Dining 25%
Home Improvements & Furnishings 18%
Shops & Services 18%
Rural King
Home Improvements & Furnishings
44,901 visits/mo
0.3 miles
Giant Food Store
Groceries
40,918 visits/mo
0.2 miles
Dunkin' Donuts
Dining
18,368 visits/mo
0.4 miles
Wendy's
Dining
17,913 visits/mo
0.5 miles
Weis Markets
Groceries
17,685 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Long-time community restaurant with real estate near Wayne Ave & Orchard.
Where is this restaurant located?
The property is located at 831 Wayne Ave 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: Prime location near the intersection of Wayne Ave & Orchard Drive.; Established community restaurant.; Real estate included in the sale.
