Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1005 Wayne Ave Chambersburg, PA 17201

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available for lease in Chambersburg Towne Center.

    Type:Retail
    Property size:
    7,000 SF
    Added:
    Feb 17, 2022
    Days on Market:
    1522
    Last Refresh:
    Mar 17 at 1:18 pm

    Property Features for 1005 Wayne Ave

    General Information

    Standard status
    Active
    Size
    7,000 SF
    Property subtype
    Retail

    Spaces For Lease

    at 1005 Wayne Ave Contact us

    We can help!

    Listing Contact
    Chad Stine
    Chad Stine

    Listing agent Chad Stine License #PA RS223285L

    Listing office Bennett Williams Commercial

    Listing date Feb 17, 2022

    Source Crexi

    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 Bennett Williams Commercial

    Overview

    Chambersburg Towne Center Retail Space

    Chambersburg Towne Center is a 115,899 square-foot shopping center located on Wayne Avenue. Inline space ranging from 2,000 to 7,000 square feet is currently available for lease. There is also a proposed pad site. Anchored by Rural King and Save A Lot, the center's other tenants include Power Train Fitness and Goodwill.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rural King Tractors Agricultural Supply Rural King - Farm ... Big Box & Wholesale Store Rural King Big Box & Wholesale Store Chambersburg Towne Center Shopping Center & Mall Sears Appliance Repair Home Appliance Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Wayne Plaza — 993 Wayne Ave, Chambersburg, PA 17201
    • Coinstar Kiosk | Bitcoin ATM — Giant Carlisle, 993 Wayne Ave, Chambersburg, PA 17201
    • Chambersburg Towne Center — 1005 Wayne Ave, Chambersburg, PA 17201

    Location Insight

    • Map
    • Local Demand
    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.650284
    Latitude
    39.9140161

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Chambersburg Unique Office Space

      Versatile commercial space in downtown Chambersburg, suitable for various businesses.
      123 S SECOND STREET, CHAMBERSBURG, PA 17201
      View Details
    • Contact for pricing

      Chambersburg Office Space For Lease

      1400 SF office space in prime Chambersburg location.
      417-A PHOENIX DRIVE, CHAMBERSBURG, PA 17201
      View Details
    • Contact for pricing

      Chambersburg Mixed-Use Commercial Space

      Adaptable mixed-use space suitable for various businesses.
      756 S MAIN STREET, CHAMBERSBURG, PA 17201
      View Details
    • Contact for pricing

      Chambersburg Shared Office Space

      Shared office space in prime Chambersburg location available for rent.
      417 PHOENIX DR OFFICES, CHAMBERSBURG, PA 17201
      View Details
    • $20/mo

      Customizable Office Space For Lease

      Prime office location with customizable space and included utilities.
      144 S EIGHTH STREET, CHAMBERSBURG, PA 17201
      View Details
    • Contact for pricing

      Walker Road Commercial Property

      Highly visible commercial property with flexible floor plans for lease.
      440 WALKER Road, CHAMBERSBURG, PA 17201
      View Details
    • Contact for pricing

      Unique Downtown Chambersburg Office Space

      Charming office with stone walls, exposed beams, and prime location.
      56 S THIRD Street, CHAMBERSBURG, PA 17201
      View Details
    • Contact for pricing

      Chambersburg Shared Office Space

      Two private office spaces available with shared amenities in Chambersburg.
      417 Phoenix Dr, CHAMBERSBURG, PA, 17201-4534
      View Details
    • $12/mo

      Retail Space on Route 30

      Retail space for lease with high visibility and traffic.
      1363 Lincoln Highway East, Chambersburg, PA 17202
      View Details
    • Contact for pricing

      Retail Space on Philadelphia Avenue

      Retail space available for rent on Philadelphia Avenue.
      5429 Philadelphia Ave, Chambersburg, PA 17202
      View Details
    • $18/mo

      Chambersburg Retail Space For Rent

      Retail space in Chambersburg's retail corridor, visible from I-81.
      452 Gateway Ave, Chambersburg, PA
      View Details
    • $7/mo

      Retail Space Sub-Lease Opportunity

      Sub-lease opportunity in growing Chambersburg market with road frontage.
      2643 Philadelphia Ave, Chambersburg, PA
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available for lease in Chambersburg Towne Center.
    Where is this shopping center located?
    The property is located at 1005 Wayne Ave Chambersburg, PA.
    What are key features of this property?
    This property features: Anchored by Rural King and Save A Lot, providing established customer traffic.; Located on Wayne Avenue in Chambersburg Towne Center.; Inline space available for lease (2,000‑7,000 sf).
    (717) 843-5555 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chad Stine
    Chad Stine
    Real Estate License ID: PA RS223285L
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!