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    540 Gateway Ave Chambersburg, PA 17201

    Sponsored
    For Lease
    Contact for pricing

    Grocery-anchored shopping center, 11 spaces available

    Lot size:
    219,251 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    North Chambersburg Village Center is a prime 219,251 square foot retail strip center strategically located off I-81 (52,000 cars per day) on Gateway Avenue in Franklin County. This highly visible property serves as a major shopping destination in Chambersburg, anchored by a nationally recognized BJ's Wholesale Club, ensuring consistent high traffic. The center boasts 11 available spaces ranging from 1,709 to 43,560 square feet, providing flexibility for various retail businesses. Three separate pad sites are also available, each offering substantial road frontage along Gateway Avenue, ideal for businesses requiring high visibility and accessibility. The property benefits from the significant growth experienced in the Chambersburg market, making it an attractive investment opportunity. Net operating income (NNN) is $6.67 per square foot. This well-established center presents a compelling opportunity for retailers seeking a strong presence in a thriving market.

    Property Features for 540 Gateway Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    219,251 SF

    Unit(s) available at that property

    Space
    13 - pad site
    Size
    43,560 SF
    Space
    15
    Size
    43,500 SF
    Space
    3
    Size
    1,960 SF
    Space
    4
    Size
    1,960 SF
    Space
    5
    Size
    1,709 SF
    Space
    6
    Size
    1,866 SF
    Space
    7
    Size
    1,809 SF
    Space
    8
    Size
    1,712 SF
    Space
    9
    Size
    1,960 SF
    Space
    10
    Size
    1,960 SF
    Space
    12
    Size
    1,858 SF

    HighLights

    • 219,251 square foot retail strip center in Franklin County.
    • Grocery‑anchored shopping center with BJ's Wholesale.
    • Located directly off I‑81 (52,000 CPD) on Gateway Avenue.
    • 11 available spaces ranging from 1,709 to 43,560 square feet.
    • Up to 3 available pad sites with ample road frontage.
    • NNN rent: $6.67 PSF.
    Property Profile Location Intelligence

    Current Use by Public Records

    BJ's Tire Center Tire Shop AT&T Store Cell Phone Store BJ's Wholesale Club Warehouse Club BJ's Gas Station Gas Station BJ's Bakery Bakery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Dental Office 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
    -77.6342819
    Latitude
    39.9390245

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    FAQs

    What type of property is this?
    Neighborhood center - Grocery-anchored shopping center, 11 spaces available
    Where is this neighborhood center located?
    The property is located at 540 Gateway Ave Chambersburg, PA.
    What are key features of this property?
    This property features: 219,251 square foot retail strip center in Franklin County.; Grocery-anchored shopping center with BJ's Wholesale.; Located directly off I-81 (52,000 CPD) on Gateway Avenue.
    Request Owner's contact information
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    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
    540 Gateway Ave Chambersburg, PA 17201
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