Current Use by Public Records
- Neighborhood centers
Property Details for 0 Gateway Ave
- Lot size
- 4.20 lot acres
- Property type
- Neighborhood centers
- Property subtype
- Retail properties & Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chambersburg
- County
- Franklin
- State
- Pennsylvania
- Longitude
- -77.6327
- Latitude
- 39.9382
