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Panera Bread Restaurant
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979 Norland Ave, Chambersburg, PA 17201

Operating since January 2007 with a lease extension signed in May 2021.

Property SizeContact for details
Days on Market144

Property Features for 979 Norland Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: HMX Realty Advisors
Listed By: Dan de Sa · License #NY 40DE0945716
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 4:49AM

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 HMX Realty Advisors

Investment Insights

Based on property information with market context.

Panera Bread has operated at 979 Norland Ave since January 2007, providing an established restaurant use within Chambersburg Crossing. A lease extension was signed in May 2021, further documenting the tenant’s continued commitment to the location.

Chambersburg Crossing is a 400,000 +/- square foot regional shopping center positioned at the intersection of Norland Avenue and Walker Road, directly off Interstate 81 in Chambersburg, PA. Target and Giant Food anchor the center, with Kohl’s, Michaels, Staples, and PetSmart serving as co-anchors. The property is also surrounded by destination dining concepts including TGI Friday’s, Red Robin, Subway, MOD Pizza, and Chipotle.

Regional access is supported by visibility from I-81, which carries over 42,000 vehicles past the center daily. The trade area includes over 53,000 people within five miles and approximately 90,700 people within a 10-minute drive.

Key Highlights

  • Panera Bread operating at the location since January 2007
  • Lease extension signed in May 2021
  • 400,000 +/- square foot regional shopping center

Property Analytics

Current Use

Panera Bread Cafe & Coffee Shop

Suggested Use

Top Pick HVAC Service Furniture & Home Goods (Bike/Boat/Book/etc) Store Computer & Electronic Repair Electrical Service Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,006
Businesses Nearby
253k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Superstores 56% Shops & Services 27% Dining 14% Apparel 3%
Target Superstores
95,901 visits/mo 0.4 miles
BJ's Wholesale Club Superstores
44,835 visits/mo 0.4 miles
BJ's Gas Shops & Services
32,927 visits/mo 0.4 miles
Five Below Shops & Services
26,455 visits/mo 0.4 miles
MOD Pizza Dining
12,670 visits/mo 0.5 miles

Demographics for 17201, PA

27,556
Population
12,749
Households
2.2
Avg Household Size
39
Median Age
28%
College-Educated
91%
High-School Grad
19.1 sq mi
ZIP Area
1,443
Density / Sq Mi
$59,645
Median Household Income
$42,500
Median Earnings
$1,109
Median Rent
$206,800
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Operating since January 2007 with a lease extension signed in May 2021.
Where is this conventional restaurant located?
The property is located at 979 Norland Ave Chambersburg, PA.
What are key features of this property?
This property features: Panera Bread operating at the location since January 2007; Lease extension signed in May 2021; 400,000 +/- square foot regional shopping center
(212) 686-0072 Call to check price and availability
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