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0 Grindstone Hill Rd Greencastle, PA 17225

OFF-MARKET Warehouses Google Maps
140,000 SF 71.17 ac lot Built 2024
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional 140,000-square-foot industrial property in Greencastle, PA, offers unparalleled flexibility. Located on Grindstone Hill Rd, this Class A, single-story building boasts 24-foot clear ceilings and is divisible into 10,000-square-foot bays, accommodating a range of needs. The property features both dock-high and drive-in loading capabilities, making it ideal for distribution, manufacturing, or flex-use businesses. Situated on 71.17 acres, this expansive site is zoned HI and allows for light industrial or commercial uses. The building, constructed in 2024, comprises 14 suites within a single structure, with a total of 140,000 square feet currently vacant. Its strategic location in Franklin County, halfway between Hagerstown, MD, and Chambersburg, PA, provides easy access to major transportation routes and benefits from the area's robust growth, including recent development of a travel plaza and fast-food restaurants. The site's approved plan allows for future expansion, with potential for a warehouse up to 650,000 square feet. Tenancy is multiple, with immediate occupancy available within 10-12 months of lease signing. This prime location and versatile space present a unique opportunity for businesses seeking efficient and strategically located industrial facilities.

Property profile

Verified
Property type Warehouses
Year built 2024
Total area 140,000 SF
Lot 71.17 ac (3,100,165 SF)

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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