Updated Flex Space with
For Sale
$275,000
128 W Third St, Waynesboro, PA 17268
Adaptable commercial layout combines a customer-facing front area with rear warehouse functionality and overhead door access.
Property Size4,140 SF
Price / SF$66.43
Days on Market50
Property Features for 128 W Third St
General Information
Standard status
Active
Size
4,140 SF
Additional Details
Outdoor Storage
Yes
Amenities
kitchenette
overhead door access
exterior protective wall for storage
Building Details
Year Built
1910
Listing Agency:
Kandor Real Estate
Listed By:
Darwyn W. Benedict · License #AB069060
(717) 762-8100
Source:
Kandorre
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 4 at 2:57PM
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 Kandor Real Estate
Investment Insights
Based on property information with market context.
This updated flex space in Waynesboro, PA, combines an open front room with a kitchenette and bathrooms. The rear portion provides double-height warehouse space served by an overhead door, creating a practical separation between customer-facing and storage or operational areas. An exterior protective wall adds dedicated space for storage, while the low-maintenance exterior can accommodate business signage.
The property is located at 128 W 3rd St in the Borough of Waynesboro. Its combination of office, retail, service, and warehouse-oriented features supports a range of commercial layouts, subject to the applicable use requirements.
The property is located at 128 W 3rd St in the Borough of Waynesboro. Its combination of office, retail, service, and warehouse-oriented features supports a range of commercial layouts, subject to the applicable use requirements.
Key Highlights
- Updated flex space with an open front room, kitchenette, and bathrooms
- Rear double‑height warehouse area with overhead door access
- Exterior protective wall provides additional storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,156
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,120
$483.1K
Cap Rate 7%
$345,086
$345.1K
Cap Rate 9%
$268,400
$268.4K
Market Conditions
NOI Build-Up for 4,140 SF
Gross rent
$36.6K $8.83/SF
− Vacancy
−$2.0K −$0.49/SF
EGI
$34.5K $8.34/SF
− OpEx
−$10.4K −$2.50/SF
NOI
$24.2K $5.83/SF
Area
Franklin County, PA
Vacancy
5.60%
Lease Rate
$8.83 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,120
Cap Rate 7%
$345,086
Cap Rate 9%
$268,400
Alternative Uses
Best Use
Warehouse
$419.0K
$366.7K – $488.9K
NOI $29,333 @ 7.0% cap · market cap 10.67%
Second Best
Flex RnD
$413.7K
$362.0K – $482.7K
NOI $28,959 @ 7.0% cap · market cap 10.53%
Theoretical Best
Office A
$1.00M
$878.3K – $1.17M
NOI $70,267 @ 7.0% cap · market cap 25.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17268, PA
29,587
Population
12,693
Households
2.3
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
77.8 sq mi
ZIP Area
380
Density / Sq Mi
$69,715
Median Household Income
$44,106
Median Earnings
$1,081
Median Rent
$225,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Adaptable commercial layout combines a customer-facing front area with rear warehouse functionality and overhead door access.
Where is this flex space located?
The property is located at 128 W Third St Waynesboro, PA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Updated flex space with an open front room, kitchenette, and bathrooms; Rear double‑height warehouse area with overhead door access; Exterior protective wall provides additional storage space
