Remodeled Flex/Industrial
For Sale
$399,000
220 Potomac S, Waynesboro, PA 17268
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 Market93
Property Features for 220 Potomac S
General Information
Standard status
Active
Size
5,752 SF
Additional Details
Heavy Power
Yes
Building Details
Year Built
1952
Year Renovated
2022
Listing Agency:
Iron Valley Real Estate of Chambersburg
Listed By:
Carly Patla · License #RS333623
(717) 491-2190
Source:
Kableteam
Added: Jul 21
Changed: Oct 15
Last Checked: Oct 7 at 3:08PM
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
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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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,562
Cap Rate
8.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,240
$671.2K
Cap Rate 7%
$479,457
$479.5K
Cap Rate 9%
$372,911
$372.9K
Market Conditions
NOI Build-Up for 5,752 SF
Gross rent
$50.8K $8.83/SF
− Vacancy
−$2.8K −$0.49/SF
EGI
$47.9K $8.34/SF
− OpEx
−$14.4K −$2.50/SF
NOI
$33.6K $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%
$671,240
Cap Rate 7%
$479,457
Cap Rate 9%
$372,911
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 authorities.
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Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
655
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
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)
