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    1005 Wayne Ave Chambersburg, PA 17201

    Sponsored
    For Lease
    Contact for pricing

    High-traffic shopping center; spaces available.

    Lot size:
    115,899 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Chambersburg Towne Center, a thriving 115,899 square-foot shopping center situated on Wayne Avenue in Franklin County, presents a compelling investment opportunity. This multi-tenant property currently boasts a strong lineup of established businesses, including anchor tenants Rural King and Save A Lot, complemented by Power Train Fitness and Goodwill. The center offers immediate availability of inline retail spaces ranging from 2,000 to 7,000 square feet, providing flexibility for various business needs. A highly visible pad site is also available for development, presenting an exceptional opportunity for expansion or a new anchor tenant. The property sits on a 1.25-acre lot, ensuring ample space for customer parking and convenient access. With its prime location and existing tenant base, Chambersburg Towne Center offers a stable and attractive investment prospect with significant growth potential. The current vacancy rate is minimal, indicating strong demand and a healthy occupancy level. This is an exceptional opportunity to secure a presence in a well-established and successful retail center. Contact us today to learn more about the available spaces and explore the possibilities.

    Property Features for 1005 Wayne Ave

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    115,899 SF

    Unit(s) available at that property

    Space
    6
    Size
    3,000 SF
    Space
    Pad Site
    Size
    54,450 SF
    Space
    5
    Size
    2,000 SF

    HighLights

    • Retail shopping center totaling 115,899 square feet.
    • Multiple tenancy with 7,000 square feet currently vacant.
    • 1.25‑acre lot size in Franklin County.
    • Three available spaces ranging from 2,000 to 54,450 square feet.
    • Anchored by Rural King and Save A Lot, with additional tenants including Power Train Fitness and Goodwill.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rural King Tractors Tractor Dealer Rural King - Farm ... Farm Equipment Supplier Rural King Farm Equipment Supplier Chambersburg Towne Center Shopping Mall Sears Appliance Repair Appliance Repair Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.6500198
    Latitude
    39.9146582

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic shopping center; spaces available.
    Where is this lifestyle center located?
    The property is located at 1005 Wayne Ave Chambersburg, PA.
    What are key features of this property?
    This property features: Retail shopping center totaling 115,899 square feet.; Multiple tenancy with 7,000 square feet currently vacant.; 1.25-acre lot size in Franklin County.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    1005 Wayne Ave Chambersburg, PA 17201
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