77 3Rd StChambersburg, PA 17201

Property Details for 77 3Rd St

Lot size

1.19 AC

Property type

Office properties

Property subtype

Office buildings

APN

03-1C50-110

APU

031C50110

Description

This exceptional 40,000 square foot flex space, located in the heart of downtown Chambersburg, presents a unique investment opportunity. The building, originally constructed in 1880 and extensively renovated in 2018, boasts a Class B rating and offers a single-tenant occupancy. The property's versatile layout is perfect for a variety of uses, making it suitable for both retail and office businesses. The space features an updated, open floor plan, providing ample room for customization to meet specific operational needs. Its prime downtown Chambersburg location offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for clients and employees. Further enhancing its appeal, this property is situated within a designated HUB zone, potentially offering significant federal contracting advantages. The building includes one loading dock, facilitating efficient loading and unloading of goods. With its blend of historical charm and modern updates, this property represents a rare opportunity to acquire a well-maintained, versatile commercial space in a thriving downtown area. The 40,000 square foot building offers significant potential for a variety of businesses seeking a prominent location with convenient access and ample space. Contact us today to learn more about this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $11,059,544

  6.5%

  $10,208,810

  7%

  $9,479,609

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,294,380

  Geo Method

  $10,364,090

• Alternative Use

  Use

  Valuation

  Residential

  $12,658,924

  Hospitality

  $11,595,506

  Educational

  $9,647,325

  Medical

  $9,979,112

  Retail

  $15,006,950

Location Insight

City

Chambersburg

County

Franklin

State

Pennsylvania

Latitude

39.9381

Longitude

-77.6574

CBSA code

16540

CBSA name

CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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