Corner Retail/Showroom
For Sale
$395,000
2114 Lincoln Way East, Chambersburg, PA 17202
2,500+ sq ft corner retail/showroom building with strong Route 30 visibility and on-site parking.
Property Size2,762 SF
Lot Size0.50 Acres
Price / SF$143.01
Days on Market50
Property Features for 2114 Lincoln Way East
General Information
Standard status
Active
Size
2,762 SF
Lot size
0.50 Acres
Additional Details
Traffic Count
20,000 vehicles/day
Building Details
Year Built
1950
Listing Agency:
Coldwell Banker Realty
Listed By:
David L Dymond
Source:
Kandorre
Added: Jul 25
Changed: Sep 8
Last Checked: Sep 12 at 2:12PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This commercial property features a 2,500+ square foot building positioned on a highly visible corner at the meeting point of Route 30 and Old Main Street. The site is described as offering ample parking and outdoor space, with room for vehicle display areas or future expansion.
The property’s frontage along Route 30 is marketed for strong exposure, with more than 20,000 vehicles passing daily. The location is also described as providing easy access to Chambersburg, Gettysburg, and Interstate 81. The seller notes multiple commercial use possibilities, including a used car dealership, beauty salon, daycare center, professional offices, retail business, service company headquarters, and medical or wellness practice.
Address: 2114 Lincoln Way East, Chambersburg, PA 17202.
The property’s frontage along Route 30 is marketed for strong exposure, with more than 20,000 vehicles passing daily. The location is also described as providing easy access to Chambersburg, Gettysburg, and Interstate 81. The seller notes multiple commercial use possibilities, including a used car dealership, beauty salon, daycare center, professional offices, retail business, service company headquarters, and medical or wellness practice.
Address: 2114 Lincoln Way East, Chambersburg, PA 17202.
Key Highlights
- 2,500+ sq ft commercial building on a corner lot at the Route 30 and Old Main Street intersection in Fayetteville
- Over 20,000 vehicles per day pass the property on Route 30
- Approximately be;-acre lot with ample parking and outdoor space
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
$25,956
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
6.57%
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%
$519,120
$519.1K
Cap Rate 7%
$370,800
$370.8K
Cap Rate 9%
$288,400
$288.4K
Market Conditions
NOI Build-Up for 2,762 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
$41.4K $15.00/SF
− Vacancy
−$4.4K −$1.58/SF
EGI
$37.1K $13.43/SF
− OpEx
−$11.1K −$4.03/SF
NOI
$26.0K $9.40/SF
Area
Franklin County, PA
Vacancy
10.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$519,120
Cap Rate 7%
$370,800
Cap Rate 9%
$288,400
Alternative Uses
Best Use
Retail
$370.8K
$324.5K – $432.6K
NOI $25,956 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$669.7K
$586.0K – $781.3K
NOI $46,879 @ 7.0% cap · market cap 11.87%
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
Lease Details
20,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 17202, PA
30,805
Population
12,925
Households
2.4
Avg Household Size
43
Median Age
27%
College-Educated
90%
High-School Grad
118.1 sq mi
ZIP Area
261
Density / Sq Mi
$94,366
Median Household Income
$49,471
Median Earnings
$1,094
Median Rent
$257,700
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 2,500+ sq ft corner retail/showroom building with strong Route 30 visibility and on-site parking.
Where is this retail space located?
The property is located at 2114 Lincoln Way East Chambersburg, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2,500+ sq ft commercial building on a corner lot at the Route 30 and Old Main Street intersection in Fayetteville; Over 20,000 vehicles per day pass the property on Route 30; Approximately be;-acre lot with ample parking and outdoor space
