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 Market120
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:
Selltheshore
Added: Jun 26
Changed: Oct 11
Last Checked: Oct 20 at 9:45PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$14,206
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
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
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
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
