700 King StShippensburg, PA 17257

Property Details for 700 King St

Lot size

0.70 AC

Property type

Retail properties

Property subtype

Other retail properties

APN

32-33-1869-113

APU

32331869113

Description

This exceptional mixed-use property at 700 E King St, Shippensburg, PA 17257, presents a compelling investment opportunity. Boasting 4,065 square feet on a sizable 1.01-acre lot, this storefront offers significant potential for growth and income. Currently at 50% occupancy, the property is zoned T-C, allowing for a variety of commercial uses. Its prime location next to the future Wawa offers unparalleled visibility and accessibility, ensuring high foot traffic and customer exposure. The asking price is $550,000. This established business location provides immediate lease income and significant long-term investment growth potential. The property's size and zoning flexibility make it suitable for a range of businesses seeking a high-visibility location in a thriving community. Don't miss this chance to capitalize on the burgeoning commercial landscape of Shippensburg. The property's strategic location and existing infrastructure provide a solid foundation for immediate success and future expansion. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $9,563,326

  6.5%

  $8,827,686

  7%

  $8,197,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,848,201

  Geo Method

  $6,900,905

• Alternative Use

  Use

  Valuation

  Residential

  $7,446,484

  Hospitality

  $6,820,939

  Educational

  $5,674,941

  Medical

  $5,870,111

  Retail

  $8,827,686

Location Insight

City

Shippensburg

County

Cumberland

State

Pennsylvania

Latitude

40.0577

Longitude

-77.5082

CBSA code

25420

CBSA name

HARRISBURG-CARLISLE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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