Conventional Restaurant with
For Sale
$375,000
408 W Loudon St, Chambersburg, PA 17201
First-floor dining room features 24 seats, with a spacious, well-organized kitchen and basement storage.
Property Size1,053 SF
Price / SF$356.13
Days on Market74
Property Features for 408 W Loudon St
General Information
Standard status
Active
Size
1,053 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1954
Listing Agency:
Elite Realty
Listed By:
Yoon Sik Kim
(215) 238-6552
Source:
Kandorre
Added: Jun 26
Changed: Aug 23
Last Checked: Sep 6 at 10:08AM
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 Elite Realty
Investment Insights
Based on property information with market context.
This conventional restaurant offers a first-floor dining room with 24 seats, designed with a comfortable, convenient layout. The kitchen is described as spacious and clean, with a very well organized cooking system. A basement provides additional space for storage.
The property is positioned in a heavy-traffic area, with many franchise restaurants nearby.
The listing price includes the business, offering a turn-key opportunity for qualified buyers seeking an operating restaurant with established on-site improvements for dining, kitchen operations, and storage.
The property is positioned in a heavy-traffic area, with many franchise restaurants nearby.
The listing price includes the business, offering a turn-key opportunity for qualified buyers seeking an operating restaurant with established on-site improvements for dining, kitchen operations, and storage.
Key Highlights
- First‑floor dining room with seating for 24
- Spacious, well‑organized kitchen with a well‑organized cooking system
- Basement provides additional space for storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,206
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$284,120
$284.1K
Cap Rate 7%
$202,943
$202.9K
Cap Rate 9%
$157,844
$157.8K
Market Conditions
NOI Build-Up for 1,053 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.1K $20.04/SF
− Vacancy
−$2.2K −$2.05/SF
EGI
$18.9K $17.99/SF
− OpEx
−$4.7K −$4.50/SF
NOI
$14.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$284,120
Cap Rate 7%
$202,943
Cap Rate 9%
$157,844
Alternative Uses
Best Use
Specialty Retail
$202.9K
$177.6K – $236.8K
NOI $14,206 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.3K
$223.4K – $297.9K
NOI $17,872 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
31k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Superstores 48%
Dining 3%
Electronics 1%
Big Lots
Superstores
14,967 visits/mo
0.2 miles
M&T Bank
Shops & Services
6,205 visits/mo
0.4 miles
Family Dollar
Shops & Services
6,015 visits/mo
0.2 miles
Shively Motors Dodge Chrysler Jeep Ram of Chambersburg
Shops & Services
1,701 visits/mo
0.4 miles
Fox's Pizza Den
Dining
930 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Saga Sushi & Hibachi — Chambersburg, PA 17201
Frequently Asked Questions
What type of property is this?
Conventional restaurant - First-floor dining room features 24 seats, with a spacious, well-organized kitchen and basement storage.
Where is this conventional restaurant located?
The property is located at 408 W Loudon St Chambersburg, PA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: First‑floor dining room with seating for 24; Spacious, well‑organized kitchen with a well‑organized cooking system; Basement provides additional space for storage
