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    Gateway Ave Chambersburg, PA 17201

    Sponsored
    For Lease
    Contact for pricing

    Chambersburg Retail Strip Center - 1 Space Available

    Lot size:
    35,660 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Gateway Plaza is a thriving 35,660 square foot retail strip center situated on 4.2 acres of prime commercial land in Chambersburg. This multi-tenant property enjoys a highly visible location directly off I-81 (52,000 vehicles per day), providing exceptional accessibility and exposure along the busy Gateway Avenue, Norland Avenue, and Walker Road corridor. The center is strategically positioned within Chambersburg's core retail market, surrounded by a robust mix of national retailers including Giant, Target, Kohl's, Michael's, NJ's, Texas Roadhouse, Chipotle, and Starbucks, ensuring high foot traffic and brand synergy. Currently, one retail space of 3,000 square feet is available for lease. The property's strong tenant mix and convenient location make it an attractive investment opportunity for retailers seeking a high-traffic, established market. Net operating income (NNN) is $4.36 per square foot. This property presents a unique chance to establish or expand a business in a thriving retail environment with excellent visibility and accessibility. The significant growth in the Chambersburg market further enhances the long-term potential of this investment.

    Property Features for 0 Gateway Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    35,660 SF

    Unit(s) available at that property

    Space
    Out Parcel
    Size
    3,000 SF

    HighLights

    • Retail strip center totaling 35,660 square feet.
    • One 3,000 square foot retail space currently available.
    • Located in Chambersburg, PA, with excellent visibility and access from I‑81 (52,000 vehicles per day).
    • Situated near major retailers including Giant, Target, Kohl's, and more.
    • 4.2 acres of land.
    • NNN rent is $4.36 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Chambersburg
    County
    Franklin
    State
    Pennsylvania
    Longitude
    -77.6327138
    Latitude
    39.9382486

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    FAQs

    What type of property is this?
    Neighborhood center - Chambersburg Retail Strip Center - 1 Space Available
    Where is this neighborhood center located?
    The property is located at Gateway Ave Chambersburg, PA.
    What are key features of this property?
    This property features: Retail strip center totaling 35,660 square feet.; One 3,000 square foot retail space currently available.; Located in Chambersburg, PA, with excellent visibility and access from I-81 (52,000 vehicles per day).
    Request Owner's contact information
    Gateway Ave Chambersburg, PA 17201
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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
    Gateway Ave Chambersburg, PA 17201
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