Remodeled Flex/Industrial
220 Potomac S Waynesboro, PA 17268
New
220 Potomac S, Waynesboro, PA, 17268
$399,000
For Sale
$399,000
Clear-span flex building with removable interior walls, three-phase electric, and front and rear parking access.
Property Size5,752 SF
Price / SF$69.37
Days on Market2
Property Features for 220 Potomac S
General Information
- Standard status
- Active
- Size
- 5,752 SF
Building Details
- Year Built
- 1952
Listing agency
Iron Valley Real Estate of Chambersburg
(717) 491-2190
Listed by
Carly Patla · License #RS333623
Source
Kandorre
Added: Jul 21 Updated: Jul 22 at 3:16AM Checked: Jul 22 at 3:16AM
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 Iron Valley Real Estate of Chambersburg
Investment Insights
Based on property information with market context.
This remodeled flex/industrial building offers a clear-span layout with easily removable interior walls, allowing flexible use and configuration. The property is equipped with three-phase electric and includes a remodeled kitchen area with utilities, plus two bathrooms. Updates include a new electrical panel (2022), new PEX plumbing (2022), and the building was totally remodeled and painted in 2022.
The building features front and rear parking and has both front and rear entrances, supporting multiple business setups. It was previously configured for two separate businesses, with the space able to be converted back if desired. A large rear garage area, previously used as a body shop, is available for storage of larger vehicles or could be reconfigured as a garage/business space.
For storage and operational flexibility, the property also includes “tons of storage” as described in the remarks. It is currently being used as an antique shop with vendors renting space, with the sellers stating they are highly motivated.
The building features front and rear parking and has both front and rear entrances, supporting multiple business setups. It was previously configured for two separate businesses, with the space able to be converted back if desired. A large rear garage area, previously used as a body shop, is available for storage of larger vehicles or could be reconfigured as a garage/business space.
For storage and operational flexibility, the property also includes “tons of storage” as described in the remarks. It is currently being used as an antique shop with vendors renting space, with the sellers stating they are highly motivated.
Key Highlights
- 1952 clear‑span flex building with easily removable interior walls
- Three‑phase electric and new electrical panel (2022)
- New PEX plumbing (2022) plus total remodel and repaint (2022)
Local Financial Insights For Industrial
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 | $50.8k | $8.83 |
| − Vacancy | −$2.8k | −$0.49 |
| EGI | $47.9k | $8.34 |
| − OpEx | −$14.4k | −$2.50 |
| NOI | $33.6k | $5.83 |
5,752 SF · lease $8.83/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$772.2K
$675.7K – $900.9K
NOI $54,054 @ 7.0% cap · market cap 13.55%
Second Best
Flex RnD
$574.8K
$502.9K – $670.6K
NOI $40,235 @ 7.0% cap · market cap 10.08%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,628 @ 7.0% cap · market cap 24.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Clear-span flex building with removable interior walls, three-phase electric, and front and rear parking access.
Where is this flex space located?
The property is located at 220 Potomac S Waynesboro, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1952 clear‑span flex building with easily removable interior walls; Three‑phase electric and new electrical panel (2022); New PEX plumbing (2022) plus total remodel and repaint (2022)
