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    993 Wayne Ave Chambersburg, PA 17201

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail plaza, 6 spaces available

    Lot size:
    131,623 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Wayne Plaza, a 131,623 square-foot retail shopping center in Chambersburg, Pennsylvania, presents a compelling investment opportunity. This multi-tenant strip center boasts a prime location at the signalized intersection of Wayne Avenue (approximately 12,000 vehicles per day) and Interstate 81 (58,000 vehicles per day), ensuring high visibility and accessibility. Situated on a 14.41-acre lot in Franklin County, the property benefits from exceptional traffic counts and convenient access to major roadways. The center is anchored by a Giant Food store, a highly sought-after grocery anchor in the market, and includes other established national and regional tenants such as Dollar Tree, UPS Store, and the Pennsylvania Liquor Control Board (PLCB). Currently, there are six available spaces ranging in size from 391 square feet to 4,500 square feet, offering flexibility for a variety of retail uses. The property's strategic location, strong anchor tenant, and diverse tenant mix make it an attractive investment for those seeking a stable and high-performing retail asset. Its proximity to Hagerstown, Maryland (25 miles north) and Harrisburg, Pennsylvania (50 miles south) further enhances its regional appeal and potential for growth. This is a rare opportunity to acquire a well-established retail center in a thriving market.

    Property Features for 993 Wayne Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    131,623 SF

    Unit(s) available at that property

    Space
    20
    Size
    4,000 SF
    Space
    13
    Size
    2,400 SF
    Space
    24
    Size
    391 SF
    Space
    2
    Size
    4,500 SF
    Space
    17
    Size
    2,000 SF
    Space
    9
    Size
    1,500 SF

    HighLights

    • 131,623 SF retail shopping center in Chambersburg, PA.
    • Prime location at signalized intersection of Wayne Ave. (12,000 VPD) and I‑81 (58,000 VPD).
    • 14.41‑acre lot with Giant Food as anchor tenant.
    • Includes Dollar Tree, UPS Store, and PLCB; six available spaces (391 SF - 4,500 SF).
    • Strong tenant mix and proximity to Hagerstown, MD and Harrisburg, PA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service GIANT Pharmacy Pharmacy higi Health Consultant Valerie Myers Nurse Practitioner Redbox Movie Rental Kiosk

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.6536111
    Latitude
    39.9162631

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail plaza, 6 spaces available
    Where is this neighborhood center located?
    The property is located at 993 Wayne Ave Chambersburg, PA.
    What are key features of this property?
    This property features: 131,623 SF retail shopping center in Chambersburg, PA.; Prime location at signalized intersection of Wayne Ave. (12,000 VPD) and I-81 (58,000 VPD).; 14.41-acre lot with Giant Food as anchor tenant.
    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
    993 Wayne Ave Chambersburg, PA 17201
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