550 Cleveland AveChambersburg, PA 17201

Property Details for 550 Cleveland Ave

Lot size

0.36 AC

Property type

Office properties

Property subtype

Office buildings

APN

06-1E18-77

APU

061E1877

Description

This exceptional Chambersburg office campus, located at 550 Cleveland Avenue (cross street: McKinley Street), offers a diverse range of spaces ideal for various business needs. The six, two-story buildings comprise a total of 16,200 square feet of meticulously maintained office space, categorized as Class B. Currently, three spaces are available, ranging from 486 to 1,882 square feet, providing flexibility for businesses of all sizes. The property boasts a convenient location with easy access to Interstate 81, placing your business within reach of a wider market. Enjoy the benefits of ample free off-street parking (109 spaces total) and the peace of mind that comes with a professional, full-time maintenance team dedicated to keeping the grounds and buildings in top condition. The campus features ADA compliance, high-speed internet access, and a robust 3-phase power system. Its strategic location offers proximity to the Chambersburg Area School District, the YMCA, downtown Chambersburg, and the Franklin County Courthouse, ensuring easy access to essential services and amenities. The concrete construction ensures durability and longevity, while the well-maintained grounds provide a pleasant and productive work environment. Flexible floor plans and build-to-suit options are available to accommodate specific business requirements. Zoned DCN in Franklin County, this property presents an unbeatable value in a highly desirable location. One 2000 lb passenger elevator serves the buildings.

• CAP approach

  CAP return

  Valuation

  6%

  $3,345,856

  6.5%

  $3,088,482

  7%

  $2,867,876

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,601,714

  Geo Method

  $3,135,459

• Alternative Use

  Use

  Valuation

  Residential

  $3,829,718

  Hospitality

  $3,508,001

  Educational

  $2,918,616

  Medical

  $3,018,991

  Retail

  $4,540,068

Location Insight

City

Chambersburg

County

Franklin

State

Pennsylvania

Latitude

39.9287

Longitude

-77.6578

CBSA code

16540

CBSA name

CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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