Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    342 Grant St Chambersburg, PA 17201

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $980,000

    30,000 Sq.Ft commercial building on 2 acres for sale.

    Lot size:
    2.02 Acres

    Property Features for 342 Grant St

    General Information

    Standard status
    Active
    Lot size
    2.02 Acres

    Building Details

    Year built
    1923

    We can help!

    Listing Contact
    Harold A John
    Source: Exitrealty

    Listing Agency: Mason Dixon Realty Listing Agent: Harold A John

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

    Learn more

    Overview

    30,000 Sq.Ft Commercial Building

    This 30,000 sq. ft. commercial building is situated on 2 acres in close proximity to other commercial activities. The property features easy access and off-street parking. It is partially leased with three spaces currently available: 4,000 sq ft, 4,100 sq ft, and 3,200 sq ft. There is an opportunity for an investor, with many multi-uses for 8,000 sq ft. Leases and rent are available for a 4,000 sq ft warehouse with a truck dock, office, utilities, and bath for $2,500 per month, and a 3,000 sq ft warehouse/garage with an office, utilities, and bath for $1,800 per month.
    Location Intelligence

    Current Use by Public Records

    La Herradura Food Market Universal Lifting & Rigging, ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Bender Land Associates Ltd, Catch-Up Logistics

    Location Insight

    • Map
    • Local Demand
    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.6545344
    Latitude
    39.9404182

    Nearby Similar for Sale

    • $799,000
      6,000 SF

      Versatile Commercial Property Near Route 30

      Two buildings offer flexible space for office, retail, or commercial uses.
      1758 Lincoln Way E, Chambersburg, PA 17201
      View Details
    • $199,900
      2,662 SF

      Chambersburg Duplex with Rental Income

      Tenant-occupied duplex in Chambersburg, PA, with separate utilities.
      214 E Washington St, Chambersburg, PA 17201
      View Details
    • $800,000
      0.40 Acres

      Chambersburg Restaurant with Real Estate

      Community restaurant with real estate near Wayne Ave & Orchard Drive.
      831 Wayne Ave, Chambersburg, PA 17201
      View Details
    • $199,900
      2,192 SF

      Chambersburg Duplex with Attached Garage

      Over/under duplex with garage in Chambersburg, PA.
      376 Lincoln Way E, Chambersburg, PA 17201
      View Details
    • $450,000

      Chambersburg Remodeled Professional/Medical Office Building

      Remodeled office building suitable for medical, daycare, or professional uses.
      131 Mckinley St E, Chambersburg, PA 17201
      View Details
    • $949,900

      Turnkey Massage Therapy Business Opportunity

      Well-maintained building with established massage therapy business for sale.
      978 Lincoln Way E, Chambersburg, PA 17201
      View Details
    • $2,190,000

      Freestanding Building Near I-81

      Fully leased freestanding building with national tenant and highway visibility.
      3285 Black Gap Rd, Chambersburg, PA 17202
      View Details
    • Contact for pricing
      Pending

      Commercial Building with Dental Laboratory

      Commercial building with dental laboratory business for sale.
      485 Cleveland Ave, Chambersburg, PA 17201
      View Details
    • Contact for pricing

      Established Car Wash Business Opportunity

      Five-bay car wash with lease-purchase option in Scotland Business Park.
      1424 Doron Dr, Chambersburg, PA 17202
      View Details
    • Contact for pricing
      Pending

      Commercial Property on Guilford Avenue

      Commercial property with secure parking in Chambersburg, PA.
      605 Guilford Ave, Chambersburg, PA 17201
      View Details
    • Contact for pricing
      Pending

      Versatile Commercial Building in Chambersburg

      Well-maintained commercial building with mixed-use space and high traffic exposure.
      545 W Loudon St, Chambersburg, PA 17201
      View Details

    FAQs

    What type of property is this?
    Warehouse - 30,000 Sq.Ft commercial building on 2 acres for sale.
    Where is this warehouse located?
    The property is located at 342 Grant St Chambersburg, PA.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: - 30,000 Sq.Ft Commercial Building on 2 Acres; - Partially Leased with 3 Spaces Available (4000 sq ft, 4100 sq ft, 3200 sq ft); - Opportunity for Investor with Foresight
    (717) 263-7776
    Request Owner's contact information
    342 Grant St Chambersburg, PA 17201
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    342 Grant St
    Chambersburg, PA 17201
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    342 Grant St Chambersburg, PA 17201
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Harold A John
    (717) 263-7776
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!