1970 Scotland Ave Chambersburg, PA 17201
- Office buildings
- 0.37 lot acres
Current Use by Public Records
- Jeffrey Lensbower Psychologists / Psychologist / Counselor
Property Details for 1970 Scotland Ave
- Lot size
- 0.37 lot acres
- Property type
- Office buildings
- APN
- 02-1C-150A
- APU
- 021C150A
Description
This exceptional 2,640 square foot mixed-use building at 1970 Scotland Avenue in Chambersburg, PA, presents a unique investment opportunity. Situated on a 0.37-acre lot, the property boasts a convenient blacktop parking lot with ample space for twelve vehicles. The building's versatile layout includes a welcoming reception area and waiting room at the front entrance, perfect for client interaction. Multiple offices and conference rooms provide flexible workspace, complemented by a well-equipped kitchen and two additional bathrooms. A significant advantage is the potential to generate rental income from a separate office space, complete with its own private entrance, independent heating and cooling systems, and dedicated bathroom facilities. Recent upgrades enhance the property's value and appeal, including the installation of two brand-new HVAC units, a fresh coat of paint throughout, and new window treatments. Some existing furniture is included in the sale, further streamlining the transition for a new owner. Priced at $600,000, this property offers a compelling blend of functionality, convenience, and income potential, making it an ideal acquisition for a discerning investor or business owner seeking a prominent Chambersburg location. The property's excellent condition and recent improvements minimize immediate capital expenditure needs, allowing for a swift return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $485,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $530,000
- 6.5%
- $570,000
- 7%
- $635,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $600,000
- Geo Method
- $600,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $620,000
- Retail
- $640,000
- Mixed-Use
- $590,000
- Hospitality
- $630,000
- Educational
- $575,000
- Residential Income
- $625,000
- Energy
- $520,000
- Income-Based Land
- $645,000
- Food Service
- $510,000
Location Insight
- Map
- Local Demand
- City
- Chambersburg
- County
- Franklin
- State
- Pennsylvania
- Longitude
- -77.6341
- Latitude
- 39.9558
- CBSA code
- 16540
- CBSA name
- CHAMBERSBURG, PA MICROPOLITAN STATISTICAL AREA
