Spa & Wellness Property with
For Sale
$924,900
978 LINCOLN WAY E, Chambersburg, PA 17201
Mixed commercial use zoning with central air, forced-air heating, and an on-site parking lot.
Days on Market1083
Property Features for 978 LINCOLN WAY E
General Information
Standard status
Active
Total Parking Spaces
10
Zoning
MIXED COMMERCIAL USE
Taxes and HOA fees
Annual Taxes
$5,673
Amenities
Accessible Doors, Accessible Hallway(s)
Central Air, Electric
Electric, Forced Air
Electric Water Heater
Parking Lot
Building Details
Building Size
5,084 SF
Year Built
1900
Listing Agency:
RE/MAX 1st Advantage
(717) 860-0034
Listed By:
Cara A Sheaffer · License #RS287228
(717) 860-0034
Source:
Evrealestate
Added: Aug 17, 2023
Changed: Aug 2
Last Checked: Aug 2 at 4:09AM
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 RE/MAX 1st Advantage
Investment Insights
Based on property information with market context.
Built in 1900, this spa and wellness property offers a commercial building with central air, forced-air heating, electric service, and an electric water heater. An on-site parking lot is included, adding practical convenience for daily operations.
The property is positioned along Lincoln Way East, also identified as Route 30 East, across from Walgreens in Chambersburg, Franklin County. The site carries MIXED COMMERCIAL USE zoning.
The property is positioned along Lincoln Way East, also identified as Route 30 East, across from Walgreens in Chambersburg, Franklin County. The site carries MIXED COMMERCIAL USE zoning.
Key Highlights
- Spa and wellness property built in 1900
- MIXED COMMERCIAL USE zoning
- Central air and forced‑air heating
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.3k | $15.00 |
| − Vacancy | −$8.0k | −$1.58 |
| EGI | $68.3k | $13.43 |
| − OpEx | −$20.5k | −$4.03 |
| NOI | $47.8k | $9.40 |
5,084 SF · lease $15.00/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$682.5K
$597.2K – $796.3K
NOI $47,777 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,290 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,163
Businesses Nearby
64k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 33%
Hotels & Casinos 2%
Dollar Tree
Shops & Services
16,963 visits/mo
0.3 miles
Taco Bell
Dining
14,317 visits/mo
0.3 miles
Burger King
Dining
11,880 visits/mo
0.5 miles
Hardee's
Dining
9,961 visits/mo
0.0 miles
Advance Auto Parts
Shops & Services
4,094 visits/mo
0.3 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Elevate Health and Acupuncture LLC — 1124 Kennebec Dr, Chambersburg, PA 17201
- Chambersburg Acupuncture, LLC — 394 Floral Ave #3411, Chambersburg, PA 17201
- Fifth Avenue Chiropractic, LLC — 405 Phoenix Dr, Chambersburg, PA 17201
- Select Physical Therapy - Chambersburg — 144 S 8th St, Chambersburg, PA 17201
- Meagen Stouffer — 394 Floral Ave, Chambersburg, PA 17201
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Mixed commercial use zoning with central air, forced-air heating, and an on-site parking lot.
Where is this spa & wellness property located?
The property is located at 978 LINCOLN WAY E Chambersburg, PA.
What is the asking price?
The asking price for this property is $924,900.
What are key features of this property?
This property features: Spa and wellness property built in 1900; MIXED COMMERCIAL USE zoning; Central air and forced‑air heating
